LG to strengthen ESG activities at 2050 carbon neutral pace
Nov 28, 2024
LG published a group-level 'LG NetZero Special Report" containing carbon reduction implementation achievements and future implementation plans.
It targeted seven affiliates that account for most of the group's carbon emissions, including LG Electronics, LG Display, LG Innotek, LG Chem, LG Energy Solution, LG Household & Health Care, and LG Uplus. LG cut about 4.25 million tons of carbon last year. Compared to 2018, the plan is to reduce carbon emissions by 34% in 2030, 52% in 2040, and 100% in 2050 to achieve net zero. At the group level, the proportion of renewable energy among all used energy will continue to increase to 76% in 2030, 89% in 2040 and 100% in 2050 by actively increasing the use of renewable energy.
It also published the '2023 ESG Report" containing sustainable management performance and future plans.
This report reflects and analyzes the draft ESG disclosure standards of International Sustainability Disclosure Standards IFRS1 (general requirements), S2 (climate change), and the Korea Accounting Standards Board (KSSB) to strengthen the safety of workplaces and manage the compliance system of organizations and employees.
Meanwhile, LG launched an open innovation brand 'SuperStart' to strengthen startup discovery and fostering activities in June 2022 and is actively seeking to create a win-win ecosystem for startups.
SuperStart is an open innovation platform at the level of LG Group that discovers promising startups and connects them with LG affiliates and external partners. Promising start-ups recommended by LG affiliates and external partners can receive various support such as technology development, business cooperation, and investment attraction.
LG is transforming Magok Industrial Complex into a place of culture, innovation, and art, centering on LG Science Park and LG Art Center Seoul. Through the hosting of the 'Culture Week' event in Magok area, executives and employees of eight affiliates working at LG Science Park enjoy various cultural programs regardless of their affiliation or position and freely share knowledge and thoughts.
LG Art Center Seoul, which opened in October 2022, is also expected to play a key role in expanding Magok's culture and arts infrastructure..
It targeted seven affiliates that account for most of the group's carbon emissions, including LG Electronics, LG Display, LG Innotek, LG Chem, LG Energy Solution, LG Household & Health Care, and LG Uplus. LG cut about 4.25 million tons of carbon last year. Compared to 2018, the plan is to reduce carbon emissions by 34% in 2030, 52% in 2040, and 100% in 2050 to achieve net zero. At the group level, the proportion of renewable energy among all used energy will continue to increase to 76% in 2030, 89% in 2040 and 100% in 2050 by actively increasing the use of renewable energy.
It also published the '2023 ESG Report" containing sustainable management performance and future plans.
This report reflects and analyzes the draft ESG disclosure standards of International Sustainability Disclosure Standards IFRS1 (general requirements), S2 (climate change), and the Korea Accounting Standards Board (KSSB) to strengthen the safety of workplaces and manage the compliance system of organizations and employees.
Meanwhile, LG launched an open innovation brand 'SuperStart' to strengthen startup discovery and fostering activities in June 2022 and is actively seeking to create a win-win ecosystem for startups.
SuperStart is an open innovation platform at the level of LG Group that discovers promising startups and connects them with LG affiliates and external partners. Promising start-ups recommended by LG affiliates and external partners can receive various support such as technology development, business cooperation, and investment attraction.
LG is transforming Magok Industrial Complex into a place of culture, innovation, and art, centering on LG Science Park and LG Art Center Seoul. Through the hosting of the 'Culture Week' event in Magok area, executives and employees of eight affiliates working at LG Science Park enjoy various cultural programs regardless of their affiliation or position and freely share knowledge and thoughts.
LG Art Center Seoul, which opened in October 2022, is also expected to play a key role in expanding Magok's culture and arts infrastructure..
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