LG Energy Solution Holds Online 'RE100' Briefing for Partner Companies

Introduction to the Background of Promoting 'RE 100' to About 30 Primary Partners

[Asia Economy Reporter Hwang Yoon-joo] LG Energy Solution is actively advancing the transition to ‘RE 100’ together with its partner companies.

LG Energy Solution announced on the 3rd that it held an ‘RE100 Online Briefing Session’ targeting about 30 first-tier partner companies.

At the event, LG Energy Solution shared global trends related to renewable energy, future supply chain renewable energy transition goals, procurement plans, and urged active cooperation from partner companies.

Additionally, considering the systems and conditions by country and region, they discussed continuous support measures such as transferring related know-how so that partner companies can establish and implement optimal renewable energy transition plans. LG Energy Solution conducted the online briefing session for partner companies because a significant portion of greenhouse gases emitted during the battery manufacturing process occurs in the production of battery materials such as cathode, anode, and separator.

According to a full life cycle analysis of batteries, assuming the greenhouse gas emissions per 1kWh of battery is 100, more than 70 come from the raw material supply chain.

Since a large portion of greenhouse gases generated in the raw material supply chain comes from power consumption, converting the electricity used by raw material partner companies to renewable energy is a global trend to enhance the eco-friendliness of battery products.

Accordingly, LG Energy Solution plans to prioritize the ‘RE 100’ transition for key material partner companies such as cathode and anode materials, which have relatively high greenhouse gas emissions, and support the sequential transition of other materials by 2030.

Meanwhile, the United States and the European Union (EU) have announced goals to achieve ‘carbon neutrality’ with zero greenhouse gas emissions by 2050, and other major advanced countries are also concretizing mid- to long-term national carbon neutrality goals and policies one after another.

Recently, global companies such as GM, Volkswagen, and Apple have announced plans to reduce greenhouse gases in line with this trend.

LG Energy Solution is accelerating ESG (Environmental, Social, and Governance) management by announcing its ESG vision and management strategy last July. In particular, it revealed a plan to convert the electricity usage of all its global business sites to ‘RE100 (Renewable Electricity 100)’ by 2030, 20 years ahead of the ‘RE 100’ campaign.

As a global leader in eco-friendly batteries, LG Energy Solution plans to achieve complete zero greenhouse gas emissions by 2050 by actively promoting renewable energy transition, improving energy efficiency through process improvements, and introducing high-efficiency facilities.

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