LG Chem Ltd
LG Chem's GHG Emissions Data Preview
In 2024, 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 11 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/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Unspecified Calculation Method | Copy/Paste is a PRO feature.  | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
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aVerified Sources Behind LG Chem’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore LG Chem’s data sources below and access millions more through our Disclosure Search.
Insights into LG Chem's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of LG Chem amounted to 9,823,538 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of LG Chem increased by 2.53%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
LG Chem's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are LG Chem's Scope 1 emissions?
In 2024, the total Scope 1 emissions of LG Chem were 5,653,173 metric tons of CO₂ equivalent (tCO₂e).a
Has LG Chem reduced its Scope 1 emissions over time?
Since 2021, LG Chem's Scope 1 emissions have increased by 3.93%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), LG Chem's Scope 1 emissions increased by 9.21%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are LG Chem's Scope 2 emissions?
In 2024, LG Chem reported Scope 2 greenhouse gas (GHG) emissions of 3,698,468 tCO₂e using the market-based method and 4,170,365 tCO₂e using the location-based method.a
Has LG Chem reduced its Scope 2 emissions over time?
Compared to the previous year (2023), LG Chem's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that LG Chem's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does LG Chem use for Scope 2 reporting?
In 2024, LG Chem reported its Scope 2 emissions using the market-based method and using the location-based method.a
LG Chem's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into LG Chem's Value Chain Emissions
In 2024, LG Chem reported 19,382,867 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of LG Chem includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
LG Chem's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are LG Chem's Scope 3 emissions?
In 2024, LG Chem reported total Scope 3 emissions of 19,382,867 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 83.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 16.9% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has LG Chem reduced its Scope 3 emissions over time?
Since 2021, LG Chem's Scope 3 emissions have increased by 1,347.43%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), LG Chem's Scope 3 emissions increased by 68.96%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does LG Chem disclose?
In 2024, LG Chem reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of LG Chem's Scope 3 emissions?
In 2024, the largest contributors to LG Chem's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 14,143,583 tCO₂e (72.97%)
- End-of-Life Treatment of Sold Products (Cat. 12): 2,435,063 tCO₂e (12.56%)
- Downstream Transportation and Distribution (Cat. 9): 677,368 tCO₂e (3.49%)
LG Chem's Scope 3 Emissions by Categories
Insights into LG Chem’s GHG Emissions Intensity Compared to Industry Peers
In 2024, LG Chem reported Scope 1 greenhouse gas (GHG) emissions of 5,653,173 tCO₂e and total revenues of USD 33,335 millions. This translates into an emissions intensity of 169.58 tCO₂e per millions USD.a
LG Chem's Scope 1 Emissions Intensity Compared to Peers
How does LG Chem's GHG emissions intensity compare to its peers?
In 2024, LG Chem reported a Scope 1 emissions intensity of 169.58 tCO₂e per millions USD. Compared to the peer group median of 420.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does LG Chem rank on GHG emissions intensity within its industry?
In 2024, LG Chem ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
LG Chem is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into LG Chem's Total Carbon Footprint
In 2024, LG Chem reported a total carbon footprint of 29,206,405 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 38.73% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to LG Chem's total carbon footprint was Scope 3 emissions, accounting for 66.37% of the company's total carbon footprint, followed by Scope 1 emissions at 19.36%.a