LG Energy Solution "Global Production Facilities to Achieve RE100 by 2025"

Revealed in the '2021 ESG Report' published on the 3rd
Achieving carbon neutrality across the value chain by 2050, then pursuing 'carbon negative'
Vice Chairman Kwon Young-soo: "Batteries are tools for sustainable living and key future industries"

Kwon Young-soo, Vice Chairman and CEO of LG Energy Solution. Photo by LG Energy Solution

[Asia Economy Reporter Donghoon Jeong] LG Energy Solution will complete the RE100 (100% renewable energy usage) transition of its global production facilities by 2025.

On the 3rd, LG Energy Solution announced through its ESG (Environment, Social, Governance) report that it will complete the RE100 transition of all battery production plants worldwide, including Korea, North America, Europe, and China, by 2025 and operate them with 100% renewable energy.

RE100 stands for "100% renewable electricity." It is an international campaign with the goal for companies to source all their electricity consumption from renewable energy such as wind and solar power by 2050. According to the "2021 RE100 Annual Report" published by the multinational non-profit organizations The Climate Group and CDP, LG Energy Solution's renewable energy transition rate was 33% as of 2020, ranking first among 14 domestic companies participating in RE100. LG Energy Solution plans to raise its renewable energy transition rate to over 60% by the end of this year.

On this day, LG Energy Solution also revealed a concrete roadmap for achieving mid- to long-term carbon neutrality centered on RE100.

After completing the RE100 transition of all global production facilities by 2025, it plans to achieve RE100 for non-production facilities by 2030. Subsequently, it aims to achieve zero carbon emissions from all electricity, fuel, and gas usage by 2040, and by 2050, realize carbon neutrality across the entire value chain from raw materials (mining) to battery production.

LG Energy Solution stated, "We will monitor the carbon emissions of all partner companies until 2050 and achieve carbon neutrality across the entire value chain by supporting RE100 participation and carbon reduction activities." It added, "From then on, we plan to actively pursue carbon negativity, turning carbon emissions into 'negative' values."

Zero Battery Waste... Labor and Occupational Safety Also Meet International Standards

On this day, LG Energy Solution disclosed achievements and visions in four key areas to lead ESG management through its ESG report: ▲carbon neutrality ▲resource circulation ▲responsible supply chain management ▲organizational culture management through diversity, fairness, and inclusion.

In the 'resource circulation' sector, it announced plans to achieve "zero landfill waste" at all business sites by next year. To this end, LG Energy Solution is developing various waste treatment technologies aiming to obtain zero landfill waste certification for all business sites by next year.

Previously, the Nanjing plant in China received the highest platinum rating by being recognized for a 100% resource circulation rate by the global certification body UL. The Michigan plant in the United States has obtained zero landfill waste certification from the U.S. National Sanitation Foundation (NSF) for five consecutive years since 2018.

In the 'responsible supply chain management' sector, LG Energy Solution plans to inspect and improve operations according to the RBA Code of Conduct for domestic and overseas business sites and partner companies to prevent risks that may arise across labor, occupational safety and health, environment, and corporate ethics in the supply chain. RBA is an international consortium promoting sustainability in global supply chains, and LG Energy Solution became the first in the domestic battery industry to join in November last year.

LG Energy Solution also plans to strengthen efforts in 'organizational culture management considering diversity, fairness, and inclusion.' It is working to build an organizational culture where all employees respect each other without discrimination based on race, nationality, gender, religion, disability, etc., receive fair treatment, and foster mutual understanding and respect.

Creating LG Energy Solution’s Unique Horizontal Culture with Flexible Work and 'Nim' Honorific

An LG Energy Solution official said, "To create an environment where diverse talents come together to produce maximum results and focus on core tasks, we have established and are actively implementing ▲a reporting and meeting culture focused on core tasks ▲a flexible work culture focused solely on performance ▲a horizontal culture through the use of the 'Nim' honorific ▲a positive culture filled with gratitude and praise ▲a joyful workplace culture caring for health and mental well-being ▲a sharing culture that spreads love to neighbors."

This ESG report vividly captures ESG activities being carried out on the ground, including ESG work experience stories of employees from domestic and overseas offices as well as partner companies. Additionally, the report was published using 100% recycled paper and soy-based ink, enhancing its significance.

Kwon Young-soo, Vice Chairman and CEO of LG Energy Solution, said in his greeting, "Batteries are tools for sustainable human life and a core industry of the future. LG Energy Solution aims to go beyond carbon neutrality across all management areas and make 'carbon negativity' the ultimate goal, striving to demonstrate leadership in global climate change response."

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