Lotte Mart Rolls Up Sleeves for Gwangju City's 'Greenhouse Gas Reduction' Initiative

Agreement for Creating Energy Self-Reliant City with City, City Council, and Urban Corporation

Construction of 36,760㎡ Solar Power Plant at World Cup Branch Parking Lot

[Asia Economy Honam Reporting Headquarters Reporter Shin Dong-ho] Lotte Mart (CEO Kang Sung-hyun) is taking active steps in partnership with Gwangju Metropolitan City to reduce greenhouse gas emissions and create an eco-friendly energy self-sufficient city in Gwangju.

On the 2nd, Lotte Mart announced that it signed an agreement with Gwangju City, Gwangju City Council, and the Urban Corporation to establish a carbon-neutral energy self-sufficient city and reduce carbon dioxide emissions to build a more environmentally friendly urban environment.

According to the agreement, each organization will mutually cooperate in the installation, operation, and management of solar power facilities on the roof of Lotte Mart Gwangju World Cup Branch and the World Cup Stadium parking lot, and strive for mutual sustainable growth including greenhouse gas reduction.

A solar power plant with a capacity of approximately 2.5MW will be constructed by the end of next year on an area of 36,760㎡, including the parking lot of the World Cup Stadium and Lotte Mart World Cup Branch parking lot.

The solar power facility is expected to generate 3,000 MWh of electricity annually.

This corresponds to the amount of electricity that about 900 households can use in one year and is expected to reduce greenhouse gas emissions by 1,550 tons annually.

Meanwhile, on July 1st, Lotte Group held an ESG management declaration ceremony to address the common global challenge of climate change response and sustainable ecosystem construction, declaring a strong commitment internally and externally to prioritize ESG management that creates long-term value through Lotte’s business activities for all stakeholders within the group.

Lotte Mart stores located in Gwangju also operate the Happy Dream Volunteer Group as part of their ESG activities, conducting various volunteer activities for the underprivileged in Gwangju, including river cleanup activities and kimchi donation events.

Joo Dae-jung, Head of Sales Headquarters at Lotte Mart, said, “We are pleased to participate in the construction of the Gwangju solar power plant, which shares the same spirit as Lotte Group’s ESG management declaration,” and added, “Lotte Mart will continue to focus on ESG management activities for the citizens of Gwangju.”

Honam Reporting Headquarters Reporter Shin Dong-ho sdhs6751@asiae.co.kr

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