Lg Chem Sustainability Profile
LG Chem, officially known as LG Chemical Ltd., is a leading South Korean company headquartered in Seoul, South Korea (KR). Founded in 1947, LG Chem has established itself as a key player in the global chemical industry, with major operational regions across Asia, Europe, and North America. The company primarily focuses on petrochemicals, advanced materials, and life sciences, offering a diverse range of products including batteries, plastics, and pharmaceuticals. Notable for its innovative approach, LG Chem has made significant strides in battery technology, particularly in electric vehicle (EV) batteries, positioning itself as a market leader. The company has achieved numerous milestones, including partnerships with major automotive manufacturers and advancements in sustainable materials. With a commitment to research and development, LG Chem continues to drive growth and maintain its competitive edge in the ever-evolving chemical landscape.
DitchCarbon Score
How does Lg Chem's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lg Chem's score of 52 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lg Chem's reported carbon emissions
In 2024, LG Chem reported significant carbon emissions from its operations in South Korea, totalling approximately 5,492,228,000 kg CO2e for Scope 1 emissions, 2,818,217,000 kg CO2e for Scope 2 emissions (market-based), and a substantial 19,260,471,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 8,310,445,000 kg CO2e. The company has set ambitious climate commitments, aiming for net-zero emissions by 2050. This target encompasses both Scope 1 and Scope 2 emissions, with a near-term goal of achieving carbon-neutral growth by 2030. LG Chem plans to reduce its Scope 1 and 2 emissions by 50% from 2019 levels by 2050. Additionally, it has committed to using 100% renewable energy for its overseas business sites by 2030 and for its Korean sites by 2050. In terms of reduction targets, LG Chem has established near-term goals to reduce absolute Scope 1 and 2 GHG emissions by approximately 48.7% by 2030, based on 2021 levels. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects the company's dedication to sustainable practices within the chemicals sector. Overall, LG Chem's emissions data and climate commitments illustrate a proactive approach to addressing climate change, with a clear strategy focused on reducing direct and indirect emissions while transitioning to renewable energy sources.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,270,020,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 4,140,987,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Lg Chem's Industry?
How Carbon Intensive is Lg Chem's Location?
Lg Chem's Scope 3 Categories Breakdown
Lg Chem's Scope 3 emissions, which increased by 69% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 67% of total emissions under the GHG Protocol, with "End-of-Life Treatment of Sold Products" being the largest emissions source at 13% of Scope 3 emissions.
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Lg Chem's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Lg Chem has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Lg Chem's sustainability data and climate commitments