LG Display "Last Year's Carbon Emissions Reduced by 38% Compared to 2014"

Publication of the Sustainability Management Report Featuring Last Year's Achievements and Goals in the 9 Core ESG Areas

[Asia Economy Reporter Park Sun-mi] LG Display achieved a 38% reduction in carbon emissions last year as a result of continuous innovation in eco-friendly technologies aimed at reducing carbon emissions by 90% compared to 2014 levels by 2050.

On the 26th, LG Display announced through its ‘2021-2022 Sustainability Management Report’ that it has set the goal of ‘90% reduction in carbon emissions by 2050 compared to 2014’ and has been focusing on setting and managing greenhouse gas reduction targets, transitioning to renewable energy, and developing eco-friendly technologies and products.

To reduce the use of electricity generated from fossil fuels, last year the company converted 57,200 MWh, equivalent to 100% of the electricity used in all office buildings at its domestic sites, to renewable energy. It replaced manufacturing process gases with gases that have a lower global warming potential and established facilities last year that can reduce greenhouse gas emissions by more than 90%, resulting in a 38% reduction in carbon emissions at domestic sites compared to 2014.

As part of building a resource circulation system, improvements in manufacturing processes raised the waste recycling rate at domestic sites to 98.4%, up 1.3 percentage points from the previous year. Through facility investments and process improvements for water reuse, the reuse water usage rate reached 181%. In the product development stage, to consider environmental impact factors, the company introduced an ‘Eco-friendly Performance Indicator’ and improved the use of recyclable raw materials. As a result, the component recycling rate upon disposal of a 65-inch OLED TV module reached 92.7%.

In the social sector, LG Display has provided the ‘ESG Supply Chain Code of Conduct’ to more partners to ensure that companies within the supply chain can establish safe working environments and comply with environmental and ethical standards. As a result of operating win-win cooperation programs such as financial support, technical cooperation, and medical welfare support for partners, the company has earned the ‘Top Grade’ in the Shared Growth Index for seven consecutive years.

In the governance sector, LG Display established the ‘ESG Committee’ in April last year to review and approve major strategies such as selecting nine core ESG areas. In July, it set up the ‘Internal Transactions Committee’ to enhance fairness and transparency in transactions. By appointing a female outside director who is an ESG expert, the company also focused on securing diversity on the board of directors.

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