LG Electronics Reshaping 'Carbon Neutral 2030' Plan

LG Electronics Carbon Neutrality 2030 Goal Realization
Additional Greenhouse Gas Emission Reduction Target in Product Use Phase
Expansion of Carbon Reduction Production Facility Investment
Securing Offset Emission Credits through High-Efficiency Home Appliance Sales

[Asia Economy Reporter Suyeon Woo] LG Electronics has established a new plan to reduce greenhouse gas emissions at every stage from production to use of its products in order to achieve the 'Carbon Neutrality 2030' goal. This is to actively respond to climate change by reducing greenhouse gas emissions in the 'use' stage, which accounts for more than 80% of all product stages.

LG Electronics announced on the 11th that it recently declared participation in the global campaign to achieve carbon neutrality by reducing greenhouse gas emissions, called 'Business Ambition for 1.5℃.' LG Electronics is the first domestic company to join this campaign.

This campaign is led by the Science Based Targets initiative (SBTi), organized by 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. Its purpose is to proactively respond to the Paris Agreement on climate change, which aims to limit the average global temperature rise to within 1.5℃ compared to pre-industrial levels.

Following its declaration to participate in this campaign, LG Electronics also joined SBTi. It plans to have its carbon emission reduction targets verified by SBTi based on scientific evidence.

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

Carbon is emitted throughout the entire process of developing, producing, transporting, using, and disposing of products, and in particular, the use stage of home appliances tends to have the highest carbon emissions. Among the total carbon emissions reported by LG Electronics to CDP this year, emissions from the product use stage account for more than 80%.

LG Electronics plans to broadly manage emissions from the use stage and contribute to solving climate change. To reduce carbon emissions from the product manufacturing stage, LG Electronics is increasing investment in facilities equipped with the latest reduction technologies at its business sites and actively securing offset emission credits through sales of high-efficiency home appliances. It has also prepared specific greenhouse gas reduction measures such as converting all business vehicles to zero-emission vehicles by 2030 and expanding the reuse of product packaging materials.

Junho Kim, Vice President and Head of Quality Management Center at LG Electronics, emphasized, "We must realize carbon neutrality and a circular economy for future generations," adding, "We will continuously enhance customer value by developing eco-friendly products and services using LG Electronics' innovative technology and outstanding capabilities."

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