- Shrinking demand for EVs due to rising prices, reduced EV subsidies, and fire risk issues.
- Falling tourism demand affecting short-term rental business.
- Difficulty in collecting fuel usage data from all customer-driven cars for precise GHG emission calculation.
LOTTE rental Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LOTTE rental Co., Ltd. disclosed greenhouse gas emissions of 4.2K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 330 tCO2e/year; Scope 2: 3.9K tCO2e/year; Scope 3: 781.0K 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
4.2K tCO2e/year (Scope 1 & 2)
2023
Water Usage
57.4K tons/year
2023
Waste
563.9 tons/year
2023
Energy Use
86.1K GJ/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). | 330 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 781.0K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced carbon emissions by 157 tons through the use of refillable motor oil containers.
- Produced 176,000 kWh of solar energy.
- Saved 290,771 tons of water (three-year sum) through eco-friendly car wash services.
- Increased the use of recycled car parts (KRW 1.2 billion worth of purchase).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve 30% ZEV transition by 2025.
📅 Medium-term
- Achieve 70% ZEV transition by 2028.
- Achieve carbon neutrality by 2040.
🔭 Long-term
- Achieve 100% ZEV transition by 2030.
🌱 ESG Focus Areas
Climate ChangeHuman RightsCorporate GovernanceCustomer SatisfactionShared Growth with Partners