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Lotte Chemical Corp
Lotte Chemical's GHG Emissions Data Preview
In 2024, Lotte Chemical 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).
Lotte Chemical 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 | 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 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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 Lotte Chemical’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 Lotte Chemical’s data sources below and access millions more through our Disclosure Search.
Insights into Lotte Chemical's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofLotte Chemical amounted to9,715,347metric 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 Lotte Chemicaldecreased by 0.93%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Lotte Chemical's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Lotte Chemical's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Lotte Chemical were 5,853,287 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Lotte Chemical reduced its Scope 1 emissions over time?
Since 2020, Lotte Chemical's Scope 1 emissions have increased by 61.52%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Lotte Chemical's Scope 1 emissions decreased by 2.08%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Lotte Chemical's Scope 2 emissions?
In 2024, Lotte Chemical reported Scope 2 greenhouse gas (GHG) emissions of 3,862,060 tCOâ‚‚e using the location-based method.a
Has Lotte Chemical reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Lotte Chemical's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Lotte Chemical's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Lotte Chemical use for Scope 2 reporting?
In 2024, Lotte Chemical reported its Scope 2 emissions using the location-based method.a
Lotte Chemical's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Lotte Chemical's Value Chain Emissions
In 2024, Lotte Chemical reported 13,231,056 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 Lotte Chemical includes a breakdown across 11of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Lotte Chemical's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Lotte Chemical's Scope 3 emissions?
In 2024, Lotte Chemical reported total Scope 3 emissions of 13,231,056 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 88.12%of these emissions originated from upstream activities such as purchased goods and capital goods, while 11.88%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Lotte Chemical's Scope 3 emissions increased by 63.79%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Lotte Chemical disclose?
In 2024, Lotte Chemical 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 Lotte Chemical's Scope 3 emissions?
In 2024, the largest contributors to Lotte Chemical's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 11,095,217 tCOâ‚‚e(83.86%)
- Investments (Cat. 15): 1,560,272 tCOâ‚‚e(11.79%)
- Upstream Transportation and Distribution (Cat. 4): 271,012 tCOâ‚‚e(2.05%)
Lotte Chemical's Scope 3 Emissions by Categories
Insights into Lotte Chemical’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Lotte Chemical reported Scope 1 greenhouse gas (GHG) emissions of 5,853,287 tCOâ‚‚e and total revenues of USD 13,923 millions. This translates into an emissions intensity of 420.41 tCOâ‚‚e per millions USD.a
Lotte Chemical's Scope 1 Emissions Intensity Compared to Peers
How does Lotte Chemical's GHG emissions intensity compare to its peers?
In 2024, Lotte Chemical reported a Scope 1 emissions intensity of 420.41 tCOâ‚‚e per millions USD. Compared to the peer group median of 441.87, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Lotte Chemical rank on GHG emissions intensity within its industry?
In 2024, Lotte Chemical ranked 13 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Lotte Chemical is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Lotte Chemical's Total Carbon Footprint
In 2024, Lotte Chemical reported a total carbon footprint of 22,946,403 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 28.3% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Lotte Chemical's total carbon footprint was Scope 3 emissions, accounting for 57.66% of the company's total carbon footprint, followed by Scope 1 emissions at 25.51%.a