LG Chem Ltd
LG Chem's GHG Emissions Data Preview
In 2023, LG Chem completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
LG Chem has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into LG Chem's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of LG Chem amounted to 9,558,199 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of LG Chem decreased by 4.76%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
LG Chem's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are LG Chem's Scope 1 emissions?
In 2023, the total Scope 1 emissions of LG Chem were 5,176,673 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has LG Chem reduced its Scope 1 emissions over time?
Since 2021, LG Chem's Scope 1 emissions have decreased by 4.83%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), LG Chem's Scope 1 emissions decreased by 8.03%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are LG Chem's Scope 2 emissions?
In 2023, LG Chem reported Scope 2 greenhouse gas (GHG) emissions of 4,381,526 tCOâ‚‚e without specifying the calculation method.
Has LG Chem reduced its Scope 2 emissions over time?
Since 2021, LG Chem's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 10.51%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), LG Chem's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that LG Chem 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does LG Chem use for Scope 2 reporting?
In 2023, LG Chem reported its Scope 2 emissions using an unspecified methodology.
LG Chem's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into LG Chem's Value Chain Emissions
In 2023, LG Chem reported 11,471,953 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of LG Chem includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
LG Chem's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are LG Chem's Scope 3 emissions?
In 2023, LG Chem reported total Scope 3 emissions of 11,471,953 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has LG Chem reduced its Scope 3 emissions over time?
Since 2021, LG Chem's Scope 3 emissions have increased by 756.68%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), LG Chem's Scope 3 emissions increased by 842.34%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does LG Chem disclose?
In 2023, LG Chem reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of LG Chem's Scope 3 emissions?
In 2023, the largest contributors to LG Chem's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 10,215,107 tCOâ‚‚e (89.04%)
- Upstream Transportation and Distribution (Cat. 4): 611,329 tCOâ‚‚e (5.33%)
- Fuel- and Energy-Related Services (Cat. 3): 399,605 tCOâ‚‚e (3.48%)
LG Chem's Scope 3 Emissions by Categories
Insights into LG Chem's Total Carbon Footprint
In 2023, LG Chem reported a total carbon footprint of 21,030,152 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 86.89% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to LG Chem's total carbon footprint was Scope 3 emissions, accounting for 54.55% of the company's total carbon footprint, followed by Scope 1 emissions at 24.62%.