- Global conflicts, accelerated trade barriers, and persistent inflation.
- International instability and the impacts of protectionism leading to heightened demands for sustainable corporate activities.
- Stringent ESG regulations in the secondary battery industry.
- Climate change related risks (transition risks, physical risks).
LOTTE ENERGY MATERIALS Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LOTTE ENERGY MATERIALS Corporation disclosed greenhouse gas emissions of 108.0K tCO2e/year. By scope: Scope 1: 566 tCO2e/year; Scope 2: 107.4K 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
108.0K tCO2e/year
2023
Renewable Energy
3.94% (Iksan Plant 1)
of total energy
Water Usage
2.0M tons/year (withdrawn) 286270 tons/year (consumed)
2023
Waste
5.3K tons/year
2023
Energy Use
2.3K TJ/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). | 566 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 107.4K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Increased use of recycled copper in Korea, exploring expansion to Malaysia and Spain.
- Achieved a final disposal rate of 13.5% and a recycling rate of 81.9% in 2023, surpassing set objectives.
- Invested approximately KRW 830 million in 2023 for air and water pollution control facilities; increased to KRW 3.76 billion for 2024.
- Malaysia plant uses eco-friendly hydroelectric energy; Spain plant will use solar and wind power (aiming for at least 80%, up to 100% renewable energy).
🎯 Climate & Sustainability Targets
📅 Medium-term
- Substantially increase water-use efficiency and ensure sustainable withdrawals and supply of freshwater by 2030.
- Substantially reduce waste generation through prevention, reduction, recycling and reuse by 2030.
- Reduce GHG emissions by 14.5% compared to 2018 levels by 2030.
- Cut water and wastewater volumes to 50% of 2019 levels by 2030.
🔭 Long-term
- Achieve carbon neutrality by 2050.
🌱 ESG Focus Areas
Climate ChangeEnvironmental ManagementSafety and HealthHuman RightsDiversity, Equality, and InclusionComplianceEthical ManagementStakeholder Engagement