The categories in accordance with the UN Sustainable Development Goals are selected, and the funds are directed to applicable projects.
LG Chem complies with the Green Bond Principles of the International Capital Market Association (ICMA) and uses the funds raised toward improving the environment. Prospective projects include renewable energy, circular economy, and electric vehicle battery materials for clean transportation.
The funds raised from sustainability bonds will support environmental projects such as achieving carbon neutrality, building a circular economy, developing electric vehicle battery materials, and controlling air pollutant emissions. In addition, sustainability bonds will also fund social responsibility projects, for instance, financial support to small and medium-sized suppliers for management stability and mutual growth, efforts to prevent industrial accidents, and vaccine development.