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LG Energy Solution Ltd
LG Energy Solution's GHG Emissions Data Preview
In 2024, LG Energy Solution 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 Energy Solution 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind LG Energy Solution’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 Energy Solution’s data sources below and access millions more through our Disclosure Search.
Insights into LG Energy Solution's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofLG Energy Solution amounted to2,486,776metric 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 Energy Solutionincreased by 2.83%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
LG Energy Solution's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are LG Energy Solution's Scope 1 emissions?
In 2024, the total Scope 1 emissions of LG Energy Solution were 355,030 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has LG Energy Solution reduced its Scope 1 emissions over time?
Since 2021, LG Energy Solution's Scope 1 emissions have increased by 37.98%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), LG Energy Solution's Scope 1 emissions increased by 23.49%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are LG Energy Solution's Scope 2 emissions?
In 2024, LG Energy Solution reported Scope 2 greenhouse gas (GHG) emissions of 1,112,476 tCOâ‚‚e using the market-based method and 2,131,746 tCOâ‚‚e using the location-based method.a
Has LG Energy Solution reduced its Scope 2 emissions over time?
Compared to the previous year(2023), LG Energy Solution's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that LG Energy Solution's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does LG Energy Solution use for Scope 2 reporting?
In 2024, LG Energy Solution reported its Scope 2 emissions using the market-based method and using the location-based method.a
LG Energy Solution's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into LG Energy Solution's Value Chain Emissions
In 2024, LG Energy Solution reported 7,992,070 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of LG Energy Solution includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
LG Energy Solution's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are LG Energy Solution's Scope 3 emissions?
In 2024, LG Energy Solution reported total Scope 3 emissions of 7,992,070 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 93.61%of these emissions originated from upstream activities such as purchased goods and capital goods, while 6.39%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has LG Energy Solution reduced its Scope 3 emissions over time?
Since 2021, LG Energy Solution's Scope 3 emissionshave increased by 5,357.5%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), LG Energy Solution's Scope 3 emissions increased by 23.49%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does LG Energy Solution disclose?
In 2024, LG Energy Solution reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of LG Energy Solution's Scope 3 emissions?
In 2024, the largest contributors to LG Energy Solution's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 5,883,859 tCOâ‚‚e(73.62%)
- Capital Goods (Cat. 2): 1,146,337 tCOâ‚‚e(14.34%)
- End-of-Life Treatment of Sold Products (Cat. 12): 510,578 tCOâ‚‚e(6.39%)
LG Energy Solution's Scope 3 Emissions by Categories
Insights into LG Energy Solution’s GHG Emissions Intensity Compared to Industry Peers
In 2024, LG Energy Solution reported Scope 1 greenhouse gas (GHG) emissions of 355,030 tCOâ‚‚e and total revenues of USD 17,459 millions. This translates into an emissions intensity of 20.33 tCOâ‚‚e per millions USD.a
LG Energy Solution's Scope 1 Emissions Intensity Compared to Peers
How does LG Energy Solution's GHG emissions intensity compare to its peers?
In 2024, LG Energy Solution reported a Scope 1 emissions intensity of 20.33 tCOâ‚‚e per millions USD. Compared to the peer group median of 11.64, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does LG Energy Solution rank on GHG emissions intensity within its industry?
In 2024, LG Energy Solution ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
LG Energy Solution is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into LG Energy Solution's Total Carbon Footprint
In 2024, LG Energy Solution reported a total carbon footprint of 10,478,846 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.87% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to LG Energy Solution's total carbon footprint was Scope 3 emissions, accounting for 76.27% of the company's total carbon footprint, followed by Scope 2 emissions at 20.34%.a