Lotte Mart Replaces All Stores' Lighting with Ultra-High-Efficiency LEDs to Strengthen ESG Management

Lotte Mart signed a Memorandum of Understanding (MOU) with Korea Electric Power Energy Solution to promote a greenhouse gas emission reduction project.

[Asia Economy Reporter Lim Chun-han] Lotte Mart announced on the 3rd that it has signed a Memorandum of Understanding (MOU) with Korea Electric Power Energy Solution, jointly invested by Korea Electric Power Corporation (KEPCO) and six power generation companies, to promote greenhouse gas emission reduction projects.

Through this MOU, approximately 55,000 LED fixtures across all Lotte Mart stores will be replaced with ultra-high-efficiency LEDs. When replaced with ultra-high-efficiency LEDs, store illumination is expected to improve by 63%, and power consumption will be reduced by 32%, resulting in an estimated annual cost savings of 660 million KRW.

Additionally, doors will be installed on existing open refrigerated showcases to strengthen temperature maintenance of refrigerated food and achieve the ancillary effect of suppressing harmful viruses. This is expected to reduce energy usage by 58%, leading to an annual cost savings of 1.27 billion KRW.

This MOU is part of ESG (Environmental, Social, and Governance) management, planning to reduce annual electricity consumption by 19 million kWh through investment in high-efficiency equipment and installation of refrigerated showcase doors.

A Lotte Mart official stated, “Energy efficiency is improving with the advancement of science and technology,” and added, “We will continue to focus on developing ultra-high-efficiency equipment and apply it to stores to save energy.”

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