LG Chem has established and achieved mid-to-long-term energy reduction goals every year to reduce its greenhouse gas emissions and energy consumption. The company wants to increase the use of new and renewable energy in the production process by further upgrading the med-to-long-term greenhouse gas reduction strategy and the future roadmap. The company will also further accelerate the development of CO2 reduction technologies and overseas greenhouse gas reduction projects.
LG Chem has analyzed the cost of purchasing emission credits on a monthly basis and implemented a regulation that requires analysis on the impact of all new investments on greenhouse gases. In recent years, efforts to combat climate change have become an important evaluation indicator for investors and customers. Through outside rating agencies such as Carbon Disclosure Project (CDP) and Dow Jones Sustainability Index (DJSI), the company has disclosed its response system and achievements to Korean and foreign investors. The company has been recognized as an outstanding climate change response company by CDP for five consecutive years since 2013 in recognition of the excellence of its climate change response system.
LG Chem has made efforts to help small and medium-sized business partners to reduce the greenhouse gas emissions by operating the Energy Partnership business and Green Credit business. The company has diagnosed the energy management status of its partners and created a separate fund to support its partners’ investment in energy saving facilities. As of 2019, we have identified 10,000 tons of greenhouse gas reduction potential for 52 partners and supported the investment of 300 million KRW in energy saving facilities.