Shin Hak-cheol, Vice Chairman of LG Chem, "Decarbonization, a Blue Ocean Opportunity... Will Become Corporate Competitiveness"

[Asia Economy Reporter Hwang Yoon-joo] LG Chem announced that Vice Chairman Shin Hak-cheol delivered a keynote speech on carbon neutrality at a special session held as a pre-event of the P4G Seoul Green Future Summit on the 28th.

Vice Chairman Shin presented cooperation measures to address climate change during the 'Green Technology, Pathfinder for a Carbon Neutral Society' session, which was held online in the afternoon under the auspices of the Ministry of Science and ICT.

He proposed strong commitment from management, concrete execution, and collaboration and communication with various stakeholders as the three key strategies for responding to climate change.

Vice Chairman Shin stated, "Innovation and technological advancement are the ultimate solutions to achieving carbon neutrality," adding, "We must support and activate the science and engineering fields to commercialize carbon-neutral technologies."

He also introduced LG Chem’s ongoing efforts to reduce carbon emissions. LG Chem aims to achieve RE100 (100% renewable energy transition by 2050) and zero waste at all global business sites, replace fossil fuel-based materials with bio-based materials, and develop Carbon Capture Utilization (CCU) technologies.

Vice Chairman Shin emphasized, "There are doubts about whether carbon neutrality is economically feasible, but from an ESG (Environmental, Social, and Governance) perspective, we are focusing more on the long term," and added, "We see carbon reduction as a competitive advantage for companies and an opportunity in an untapped blue ocean."

LG Chem declared its '2050 Carbon Neutrality' goal last July, aiming to achieve net zero annual carbon emissions by 2050, and is actively pursuing climate change response, renewable energy transition, and resource circulation.

This content was produced with the assistance of AI translation services.