- Global slowdown in the electric vehicle market
- Geopolitical protectionism
- Supply chain disruptions due to climate events
- Increased demand for product specification regarding carbon footprint and requirements for carbon reduction
- Increased total costs due to higher raw material costs driven by increased demand for low-carbon materials
- Increased procurement costs due to higher demand for renewable energy and hedging costs for volatility
- Increased total costs due to rising carbon credit prices
- Increased likelihood of loss from tropical cyclones and concentrated heavy rainfall
- Increased likelihood of floods and snow damage caused by heavy rainfall
- Prolonged periods of high temperatures
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 ton/year (2023)
2023
Waste
244.3K ton/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 tCO2e/year (2021) |
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
- Three locations in Nanjing, China achieved UL Platinum certification as landfill-free sites
- Earned 16 cumulative EPD certifications (As of 2023)
- Reduced total GHG(Scope 1 & 2) emissions by implementing renewable energy and enhanced energy efficiency
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
- Achieve RE100 for all global sites by 2030
- Reduce GHG emissions by 53% from the 2021 baseline by 2030
📅 Medium-term
- Achieve carbon neutrality within the scope of LG Energy Solution by 2040
- Achieve RE100 for Tier-1 suppliers by 2040
🔭 Long-term
- Achieve carbon neutrality throughout the value chain by 2050
- Achieve carbon negative by supporting carbon reduction activities in local communities by 2050
🌱 ESG Focus Areas
Climate Action & Circular EconomyHuman Value ManagementAdvanced EH&SResponsible & Impactful BusinessGood GovernanceESG Disclosure & Communication