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Learn about LG Chem’s proactive and challenging sustainability goals and strategies, and listen to what concerns and exchanges our members are having. The 2021 LG Chem Sustainable Management Report contains the vivid story one by one.

Learn about proactive and challenging sustainability goals and strategies, and listen to what thinking and discussion our members are making this happen. The vivid stories are included step by step in the 2021 LG Chem Sustainability Report.

Our Ambitious Target

2050 Net Zero

Sustainability of
Earth and Humanity

Today, combating climate change is everyone’s responsibility and a benchmark for customers and markets. We aspire to become a global company that spearheads the fight against climate change through our goal of achieving carbon neutrality by 2050. We will create unprecedented technologies and cut carbon emissions in the supply chains of all our businesses.

  • Reduce

    Refrain from direct emissions

    We research ways to convert fossil fuels into green energy, as well as to collect and use carbon to reduce direct emissions from our business sites. We also actively cooperate with partners to commercialize technologies for achieving carbon neutrality. Moreover, we replace fossil fuel-based materials with recycled materials and biomass so that no products will harm the environment, thereby ensuring the efficient use of resources and minimization of wasted resources.

  • Avoid

    100% renewable energy

    A move to renewable energy is one of the most representative carbon reduction solutions. In July 2020, we were the first in the Korea chemical industry to unveil our initiative to encourage 100% use of renewable energy, including wind power and solar energy, by 2050. We are striving to shift the energy of our global business sites toward renewable energy. We plan to shift to 100% renewable energy by 2030 in our overseas business sites and by 2050 in Korean business sites.

  • Compensate

    Carbon offset projects

    LG Chem compensates for the greenhouse gases (GHGs) inevitably emitted despite its efforts to cut direct and indirect emissions through a transition to renewable energy by investing in carbon dioxide (CO2) reduction activities. We will maximize the proportion of direct and indirect emissions while minimizing the proportion of carbon offset projects.

“LG Chem is moving forward to become a leading science company with next growth engine by maximizing the growth potential of its existing businesses under sustainability.”

Hak-cheol Shin,

CEO of LG Chem

2021
ESG Data

Environment

Renewable Energy

In 2021, LG Chem converted energy from domestic businesses into renewable energy through bidding for a green premium and achieved 100% renewable energy in battery material factories in China through the PPA method. The goal is to convert the energy consumed by all businesses into renewable energy by 2050.

  • Use of
    Renewable Energy

    Unit: MWh, Scope: Global
    • 1,426

      2019
    • 1,760

      2020
    • 344,528

      2021
  • Renewable Energy
    Transition Rate

    Unit: %
    * Renewable energy transition rate = Renewable energy electricity /total electricity usage

Waste Recycling Rate

LG Chem intends to minimize wastes generated from its plants and thus increase resource efficiency by reusing and recycling resources. To make this happen, we will undertake several linked activities to set up a closed-loop system.

Waste Recycling Rate
Excluding Incineration with Heat Recovery

Unit: %, Scope: Global

60

Waste Recycling Rate
Including Incineration with Heat Recovery

Unit: %, Scope: Global

74

Society

Training Hours / Training Costs per Employee

LG Chem acknowledges employees as critical stakeholders. For sustainable growth amid rapid changes in managerial environments, the importance of employee development cannot be stressed enough.

Training Hours per Employee

Unit: hours, Scope: Korea

41

Training Costs per Employee

Unit: KRW 10,000, Scope: Korea

115

Find out more about LG Chem’s sustainable story.

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