Sustainability
Sustainability is one of the core values in implementing LG Chem’s vision, “We connect science to life for a better future.” As an international corporation that has an influence on humanity and the global environment, we have the social responsibility to create values that contribute to a sustainable future.
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Climate Change
Climate ChangeClimate change represents the most urgent and serious crisis facing humanity. LG Chem, a trailblazer in the Korean chemical industry, declared its goal of achieving carbon-neutral growth by 2050 in July 2020. Over the past two years, the company has made significant strides by implementing various global carbon reduction activities. As a result, we have set a new target to achieve net-zero by 2050, advancing our original 2050 carbon-neutral growth goal by 20 years. To realize this vision, we are innovating our business portfolio with a focus on low-carbon and eco-friendly solutions and actively pursuing a transition to renewable energy.
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Circularity
CircularityWhile plastic has greatly enhanced convenience in human life, it also poses a challenge due to its slow decomposition and potential environmental impact. LG Chem is actively promoting the mechanical and chemical recycling of plastic waste to establish a virtuous cycle of resource circulation. With a stable supply chain of plastic waste materials, we provide high-quality recycled plastics, offering differentiated value to our customers. As a global battery material company, we are also actively nurturing battery recycling businesses to contribute to cost reduction and the expansion of electric vehicles. Through these efforts, we at LG Chem are working to realize a circular economy and create a sustainable future.
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Supply Chain
Supply ChainLG Chem believes it is our obligation as a global company to manage our supply chain as responsibly as possible in procuring raw materials. We are setting strict standards throughout our production processes as well as the supply chain, establishing an ethical and responsible system for sourcing raw materials.
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Compliance
ComplianceCompliance, which includes environmental safety, hazardous substance management, and abiding by the law, is a set of basic standards that must be observed in business operations. LG Chem strives to minimize potential risks by thoroughly practicing the requirements in our business operations.
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Human Rights
Human RightsRespect and fair treatment are perhaps some of the most important aspects of conducting business. LG Chem respects the rights of our employees, builds their capacities, and treats them fairly to create a corporate culture where they can thrive.
2023 LG Chem Sustainability Report
LG Chem is publishing the 18th Sustainability Report in 2024 to communicate sustainability activities and performances transparently with various stakeholders. This report covers LG Chem’s sustainability strategy and major achievements in the areas of environmental, social, and governance, as well as its future plans. LG Chem will continue to actively communicate with stakeholders and become a world-class science-oriented corporation creating new values for our customers.
Global Initiatives
By working with various stakeholders around the world, LG Chem seeks to help solve problems that are difficult for a single company to tackle, such as climate change. Under the sustainability strategy roadmap, we plan to join multiple global initiatives and cooperate internationally with diverse stakeholders to alleviate global crises and promote sustainable management.
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The World Economic Forum -
UN Global Compact -
World Business Council for Sustainable Development