- Global economic slowdown, rising interest rates, inflationary pressures, weakened consumer purchasing power
- Decline in demand due to high inventory surplus among furniture importers in the USA
- Potential supply chain disruptions due to the Israel-Palestine conflict and attacks in the Red Sea region
- Ensuring regulatory compliance and adopting responsible wood sourcing practices
LY CORPORATION LIMITED
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LY CORPORATION LIMITED disclosed greenhouse gas emissions of 178 tCO2e/year (Scope 1 & 2). By scope: Scope 1: 178 tCO2e/year; Scope 2: 2.5K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
178 tCO2e/year (Scope 1 & 2)
2023
Water Usage
999.8K m3/year
2023
Waste
3.9M kg/year
2023
Energy Use
7.7M kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 178 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 178 tCO2e/year (Scope 1 & 2) |
| 2022 | 103.11 tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Generated a total of 3,572.6 MWh of solar energy, which is equivalent to approximate 2,215 tonnes of carbon dioxide (CO2) avoidance
- Reduced water intensity by 13.7% under LY Furniture
- 81,400 kg of non-hazardous waste diverted from disposal
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain zero incidents of environmental policy related fines
- Continue with sustainable practices in office spaces
- Reduce water intensities by 5%
- Reduce waste intensities by 5%
- Improve employee recruitment and retention and increase ratio of local workers
📅 Medium-term
- Reduce GHG emission levels and emission intensities by 8% by 2030
- Include other categories of Scope 3 GHG emissions
- Reduce water intensities by 8%
- Reduce waste intensities by 8%
- Provide an average of 12 hours of training per employee
🔭 Long-term
- Reduce GHG emission levels and emission intensities by 15% by 2030
- Explore other clean or renewable energy sources
- Reduce water intensities by 15%
- Reduce waste intensities by 15%
- Provide an average of 15 hours of training per employee
🌱 ESG Focus Areas
Economic AgilityQuality of Product and ServicesCustomer SatisfactionClimate ChangeEnergy UsageWater ConsumptionWaste ManagementMaterial UseTalent Attraction and RetentionTraining and DevelopmentWorkplace Health and SafetyCorporate GovernanceEthics, Bribery and CorruptionRegulatory Compliance