LGD Purchases Electricity Generated from Renewable Energy... To Use in Office Buildings at Business Sites

[Asia Economy Reporter Kim Hyewon] LG Display announced on the 26th that it purchased 57.2 GWh of electricity generated from renewable energy sources such as solar, wind, and hydro power through Korea Electric Power Corporation's Green Premium program.

Through this, all office buildings at domestic sites including Paju and Gumi, as well as the Magok R&D building, have replaced 100% of their electricity consumption with renewable energy, and some production sites have also been able to utilize renewable energy.

Starting with this purchase, LG Display plans to expand the use of renewable energy instead of fossil fuels, which have high carbon dioxide emissions. The company is also considering utilizing the government’s Renewable Energy Certificate (REC) purchases and third-party Power Purchase Agreements (PPA) that involve direct electricity trading contracts with power producers.

LG Display stated, "Prior to introducing renewable energy, we established a dedicated organization to closely identify and respond to risks and opportunities caused by climate change, and have been promoting sustainable growth through greenhouse gas reduction, water resource protection, and waste recycling." The company reduced carbon emissions by 40%, or 3 million tons, compared to 2014 through environmental investments exceeding 37 billion KRW last year.

This year, LG Display plans to continue investing over 6 billion KRW in greenhouse gas reduction facilities, strengthen research and development of eco-friendly products and production technologies, and implement company-wide energy-saving projects to realize carbon neutrality.

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