LG Energy Solution, First Company Selected for RE100 Board Policy Advisory Group

Active as the 2nd Policy Advisory Body for 2 Years
Collaborated with Apple, Meta, Sony, Pepsi, and Others

LG Energy Solution electric vehicle battery plant in Michigan, USA, operated solely on renewable energy. (Photo by LG Energy Solution)

[Asia Economy Reporter Moon Chaeseok] LG Energy Solution has been selected as an advisory company to the board of directors of 'RE100,' a global campaign consortium that covers 100% of its electricity consumption with renewable energy.

According to industry sources on the 16th, LG Energy Solution was recently selected as a member of the RE100 board's 'Advisory Committee.' The RE100 board selects companies or experts for the advisory committee based on their expertise and experience in renewable energy and their future plans to achieve RE100. The first advisory committee operated from 2020 until earlier this year, and the second advisory committee is scheduled to operate for two years starting this month.

The second advisory committee includes LG Energy Solution, Apple, Unilever, Meta, Sony, Pepsi, and others. LG Energy Solution is the first company from the domestic industrial sector as well as the global battery industry to be selected for the RE100 advisory committee.

In April last year, LG Energy Solution became the first company in the battery industry to join both RE100 and EV100 simultaneously. Its Poland plant has been operated solely with renewable energy since 2019, and its U.S. plant since July 2020. According to the 'RE100 2021' annual report published last month, LG Energy Solution's RE100 transition rate was 33% (as of 2020), the highest among domestic companies. In Korea, eight SK affiliates including SK Hynix and SK Telecom first joined RE100 in November 2020. LG Energy Solution, Hyundai Motor Group, Korea Road Traffic Authority, and Lotte Chilsung Beverage also joined last year.

With strengthened eco-friendly policies mainly in Europe and North America and increasing demands for carbon neutrality from customers and investors, global companies are also considering participation in RE100. LG Energy Solution stated, "We will respond to the eco-friendly demands of customers, investors, and stakeholders and fulfill our role as a leading company in the battery industry, which is key to a carbon-neutral society."

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