- Dampening consumer sentiment due to high inflation.
- Blurring of boundaries between retail formats.
- Rise of retail technology.
- Heightened interest in ESG management, including carbon neutrality implementation and mandatory ESG disclosures.
- Climate-related risks (transition and physical).
LOTTE Shopping Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LOTTE Shopping Co., Ltd. disclosed greenhouse gas emissions of 710.0K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 96.0K tCO2e/year; Scope 2: 614.2K tCO2e/year; Scope 3: 16.9M 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
710.0K tCO2e/year (Scope 1 & 2)
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). | 96.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 614.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 16.9M 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 greenhouse gas emissions by approximately 912 tons through solar power facilities.
- Reduced greenhouse gas emissions by another 7,210 tons through investment in high-efficiency refrigeration and boiler systems.
- Became the first domestic retail company to join the SBTi.
- Published a TCFD report.
- Achieved a 97.0% waste recycling rate at Department Stores and 98.5% at Mart/Super.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
📅 Medium-term
- Achieve 100% energy conversion across all business sites by 2040.
- Achieve 40% greenhouse gas emission reduction by 2030 compared to 2018 levels.
- Achieve 66.9% female managers and 23.2% female employees by 2024.
🔭 Long-term
- Achieve carbon neutrality across the entire value chain by 2050.
🌱 ESG Focus Areas
Climate Change ResponseCircular Economy and Sustainable PackagingExpansion of Eco-Friendly Products and ServicesTalent Retention and EmpowermentGovernance Transparency, Integrity, and DiversityEnsuring a Quality Labor EnvironmentIntegrated Risk ManagementDiversity and Anti-discrimination