- Global slowdown in the electric vehicle market
- Geopolitical protectionism
- Supply chain disruptions due to climate events
- Increasingly stringent ESG regulations (e.g., EU Battery Regulation, IRA)
- Managing conflict minerals
LG Energy Solution
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LG Energy Solution disclosed greenhouse gas emissions of 1.5M tCO2e/year (2023). By scope: Scope 1: 287.5K tCO2e/year (2023); Scope 2: 1.2M tCO2e/year (2023); Scope 3: 5.8M tCO2e/year (2023). 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
1.5M tCO2e/year (2023)
2023
Renewable Energy
56.3% (2023)
of total energy
Water Usage
10.9M tons/year (2023)
2023
Waste
244.3K tons/year (2023)
2023
Energy Use
33.3K TJ/year (2023)
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). | 287.5K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.2M tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.8M tCO2e/year (2023) |
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 | 1.5M tCO2e/year (2023) |
| 2021 | 1.3M ton CO2eq |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 56% RE100 conversion rate in 2023
- Reduced total GHG (Scope 1 & 2) emissions from 1,430 TJ in 2021 to 1,741 TJ in 2023 (while exceeding planned targets)
- Three facilities in Nanjing, China achieved UL Platinum certification as landfill-free sites
- Earned 16 cumulative EPD certifications (As of 2023)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Improve energy efficiency
- Increase renewable energy use
📅 Medium-term
- Achieve RE100 at all global sites by 2030
- Achieve 53% emission reduction from BAU emission by 2030
- Achieve Scope 1&2 carbon neutrality by 2040
- Use up to 20% recycled metals by 2030
🔭 Long-term
- Achieve carbon neutrality throughout the value chain by 2050
- Achieve carbon negative status after 2050
🌱 ESG Focus Areas
Climate Action & Circular EconomyHuman Value ManagementAdvanced EH&SResponsible & Impactful BusinessGood GovernanceESG Disclosure & Communication