- High inflation, the ongoing Russia-Ukraine war, the continued US-China trade war, rising raw material costs, and the post-pandemic demand contraction.
- Global greenhouse effect and successively enacted legislation to introduce policies and future targets for reducing carbon emissions.
- Continuous increase in electricity costs.
- Greenhouse effect and resulting climate change pose increasingly severe environmental impacts.
LOTES Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LOTES Co., Ltd. disclosed greenhouse gas emissions of 156.4K tCO2e/year. By scope: Scope 1: 2.2K tCO2e/year; Scope 2: 42.2K tCO2e/year; Scope 3: 110.9K 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
156.4K tCO2e/year
2023
Renewable Energy
10.03%
of total energy
📊 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). | 2.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 42.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 110.9K 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 | 156.4K tCO2e/year |
| 2022 | 130.3K tCO2e/year (Scope 123 combined from subsidiaries) |
| 2021 | 158.0K tons CO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Renewable energy resulted in a total energy savings of 33,415.10 GJ, accounting for 10.03% of total energy use.
- Total energy-saving scheme saved 26,827.51 GJ, resulting in a reduction of 4,249.92 metric tons of CO2 emissions.
- Zhongshan plant has a waste recycling and reuse rate of over 85%.
- The largest operational site, the Zhongshan plant, has a waste recycling and reuse rate of 90.95%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete greenhouse gas inventory for the headquarters and enhance website and public information disclosure by 2025.
📅 Medium-term
- Achieve 25% renewable energy by 2030
- A 20% reduction in Scope 1 + Scope 2 greenhouse gas emissions by 2030
🔭 Long-term
- Achieving net-zero emissions by 2050
- A 30% reduction in Scope 1 + Scope 2 greenhouse gas emissions by 2040
🌱 ESG Focus Areas
Ethical Corporate GovernanceEnvironmental SustainabilitySocial Care