LG releases sustainability report
by CM staff
This year, LG's global sites recorded a total global emission of direct and indirect greenhouse gases of 92.7 million tons, a 22 million ton decrease from the previous year.
SEOUL —LG Electronics announced the publication of its 2022-2023 Sustainability Report, officially disclosing its achievements and strategy for each area of the six tasks.
The company is focusing on two major areas: ‘3Cs’ for the planet, which are carbon neutrality, circularity and clean technology, and ‘3Ds’ for people, which are design for all, a decent workplace and diversity & inclusion.
This year, LG’s global sites recorded a total global emission of direct and indirect greenhouse gases of 92.7 million tons, a 22 million ton decrease from the previous year – a reduction that supports its pledge to achieve net-zero (direct and indirect) by 2030.
The company also recorded a renewable energy conversion rate of 8.2 per cent. This comes after it committed to only using renewable energy at its global business sites by 2050 and successfully joined RE100 (Renewable Energy 100), an initiative advocating for businesses to convert to 100 per cent renewable energy.
Approximately 80 per cent of LG’s total carbon emissions come from the product use stage, and include indirect emissions that are generated outside the company’s operational facilities. Last year, the functional unit carbon emissions of seven major products, which account for about 80 per cent of the carbon emissions generated during the product use stage, decreased by 13.1 per cent compared to 2020.
To establish a circular ecosystem, the company recovered a total of 472,876 tons of electronic waste from 52 countries last year. Since 2006, LG has recovered a cumulative total of recovered electronic waste that amounts to 3,992,768 tons. As of 2022, the number of recycled plastics used in the company’s products reached 32,987 tons, 25 per cent higher than 2021 figures.
Since 2006, the company has published its sustainability report every year. Starting last year, alongside the LG ESG Fact Book which outlines its ESG management goals, activities and performance, the company has published the ESG Story Book which helps customers and stakeholders understand LG’s ESG activities.
