LG Electronics, Reducing Greenhouse Gas Emissions Across All Stages from Production to Usage

[Asia Economy Reporter Suyeon Woo] LG Electronics has decided to reduce greenhouse gas emissions at all stages from production to use of its products as part of its 'Carbon Neutral 2030' goal.

LG Electronics announced on the 11th that it recently declared participation in the global campaign 'Business Ambition for 1.5℃,' which aims to reduce greenhouse gas emissions and achieve carbon neutrality. LG Electronics is the first domestic company to join this campaign. The campaign aims to proactively respond to the Paris Agreement on climate change, which limits the average global temperature rise to within 1.5℃ compared to pre-industrial levels.

The campaign is led by the Science Based Targets initiative (SBTi), organized by a coalition of the Carbon Disclosure Project (CDP), United Nations Global Compact (UNGC), World Resources Institute (WRI), and World Wide Fund for Nature (WWF), with about 700 global companies currently participating.

Following its declaration to join the campaign, LG Electronics also joined SBTi. The company plans to have its carbon emission reduction targets scientifically verified by SBTi.

To achieve the previously announced 'Carbon Neutral 2030' goal, LG Electronics plans to reduce the total amount of direct greenhouse gas emissions (Scope 1) and indirect greenhouse gas emissions (Scope 2) generated during product manufacturing by 50% by 2030 compared to 2017. Additionally, by participating in this campaign and joining SBTi, LG Electronics has set a new goal to reduce greenhouse gas emissions generated during the product usage stage (Scope 3).

Carbon is emitted throughout the entire process of developing, producing, transporting, using, and disposing of products, and in particular, household appliances tend to have the highest carbon emissions during the usage stage. This year, more than 80% of LG Electronics' total carbon emissions reported to CDP came from the product usage stage.

LG Electronics plans to manage emissions broadly, including those from the usage stage, to contribute to solving climate change. The company operates 'Zero Environmental Impact Workplaces' to maximize positive environmental effects and runs its business in line with mid- to long-term ESG strategic tasks to develop eco-friendly products and services for future generations.

LG Electronics expects that by actively participating in activities to solve environmental issues, it can support future generations to enjoy a better life and contribute to the company's sustainable management.

Junho Kim, Vice President and Head of LG Electronics Quality Management Center, said, "We must realize carbon neutrality and a circular economy for future generations. By leveraging LG Electronics' innovative technology and excellent capabilities, we will continuously develop eco-friendly products and services to further enhance customer value."

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