- Increased Northeast Asian supply and a weakening global economy
- Difficulty in raising selling prices to offset rising production costs
- Metal price lags despite increased shipment
- Uncertain global economic outlook along with prolonged high interest rates
- Ongoing conflicts like the Russia-Ukraine war causing energy prices to rise
- Increase in energy prices driving up demand for fossil fuels
- Rising prices of traditional commodity resources raising costs
- Strengthening global carbon regulations and uncertainties surrounding the allocations of emission allowances under the Korea Emissions Trading Scheme (K-ETS)
LG Chem Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, LG Chem Ltd. disclosed greenhouse gas emissions of 9.6M tCO2e/year. By scope: Scope 1: 5.2M tCO2e/year; Scope 2: 4.4M tCO2e/year; Scope 3: 11.5M tCO2e/year (Korea only partial data). 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
9.6M tCO2e/year
2023
Renewable Energy
13%
of total energy
Water Usage
73.4M m3/year
2023
Waste
248.0K tons/year
2023
Energy Use
878.6K MWh/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). | 5.2M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.4M tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 11.5M tCO2e/year (Korea only partial data) |
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 | 9.6M tCO2e/year |
| 2021 | 10.3M tCO2e/year (Global) |
| 2013 | 1.4M tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Largest renewable energy power purchase agreement in Korea (up to 615 GWh per year)
- 13% renewable energy transition rate across global operations with 100% renewable energy transition at 7 overseas operations
- Secured chemical recycling capacity with the construction of the first large-scale supercritical pyrolysis plant in Korea
- Number of Post-Consumer Recycled products increased to 120
- Obtained Zero Waste to Landfill certification at four sites
- Increased the seagrass habitat by 20,008m² and fixed 5.9 ton carbon by transplanting 50,000 seagrass
- Completed the assessment of Product Carbon Footprint for 100% of products
🎯 Climate & Sustainability Targets
🔜 Short-term
- Enhance social contribution programs and expand employee engagement
- Strengthen cathode supplier management by sharing supplier policies and regular management exchanges with suppliers
- Complete develop calculation methods for categories relevant to our value chain and complete the calculation of select categories by 2024
📅 Medium-term
- Expand social contribution platforms and embed a culture of social contribution
- Expand mineral supply chain due diligence for proactive risk identification and increased transparency
- Expand the scope of calculation to all categories relevant to emissions in domestic operations by 2025
🔭 Long-term
- Establish a social contribution brand identity
- Establish a risk-free mineral supply chain
- Complete the calculation of emissions relevant to all our domestic and overseas operations by 2026
- 2030 Carbon-neutral Growth and 2050 Net-Zero
🌱 ESG Focus Areas
Climate actionRenewable energy transitionCircular economyEnvironmental protectionResponsible supply chainEmployee and process safetyDiversity, equity, and inclusionHuman rights and laborProduct stewardshipBusiness ethics