LG Chem Publishes Sustainability Report Focused on 'Carbon, Circulation, and People' Themes

[Asia Economy Reporter Hwang Yoon-joo] LG Chem announced on the 27th that it has published its "Sustainability Management Report," which encompasses three themes: Carbon, Circularity, and People.

LG Chem reviews its ESG (Environmental, Social, and Governance) activities and sustainability management strategies annually and transparently discloses the contents to domestic and international stakeholders. This year's publication marks the 15th edition since the first Sustainability Management Report was issued in 2007.

This Sustainability Management Report is structured around three core sustainability trends: ▲Carbon ▲Circularity ▲People. Unlike previous reports, it features visualizations designed so that any stakeholder, including customers and investors, can easily grasp LG Chem's commitment to sustainability. With each page turn, three fictional characters responsible for the three key focus areas appear, naturally narrating the path LG Chem has taken toward sustainability.

LG Chem also produced a Sustainability Kit containing eco-friendly products such as golf tees made from recycled plastic (PCR-ABS), which will be delivered along with the report to major stakeholders.

The report includes a detailed strategy for the 2050 carbon-neutral growth goal and a vision for future technologies that can directly contribute to carbon reduction. LG Chem is developing and applying technology to convert the naphtha cracking center (NCC) plant’s cracking furnace into an electrolyzer powered by renewable energy. Additionally, the company continues to invest in the development of carbon capture and utilization (CCU) technologies that directly capture emitted carbon and convert it into products.

Through the report, Shin Hak-cheol, Vice Chairman of LG Chem, stated, "Only companies that proactively move and adapt in a new environment can sustain themselves. LG Chem has made sustainability its core competitive advantage, as it is the only way for a company to survive and prosper."

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