Lotte Chemical Corp
Lotte Chemical's GHG Emissions Data Preview
In 2023, 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 | 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 Lotte Chemical's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Lotte Chemical amounted to 6,056,070 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 Lotte Chemical decreased by 2.55%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Lotte Chemical's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Lotte Chemical's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Lotte Chemical were 3,896,865 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Lotte Chemical reduced its Scope 1 emissions over time?
Since 2020, Lotte Chemical's Scope 1 emissions have increased by 7.53%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Lotte Chemical's Scope 1 emissions decreased by 6.94%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Lotte Chemical's Scope 2 emissions?
In 2023, Lotte Chemical reported Scope 2 greenhouse gas (GHG) emissions of 2,159,205 tCOâ‚‚e without specifying the calculation method.
Has Lotte Chemical reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Lotte Chemical's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Lotte Chemical 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Lotte Chemical use for Scope 2 reporting?
In 2023, Lotte Chemical reported its Scope 2 emissions using an unspecified methodology.
Lotte Chemical's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Lotte Chemical's Value Chain Emissions
In 2023, Lotte Chemical reported 11,587,948 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 Lotte Chemical includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Lotte Chemical's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Lotte Chemical's Scope 3 emissions?
In 2023, Lotte Chemical reported total Scope 3 emissions of 11,587,948 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 79.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 20.9% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), Lotte Chemical's Scope 3 emissions increased by 30.85%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Lotte Chemical disclose?
In 2023, Lotte Chemical reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to Lotte Chemical's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 8,647,375 tCOâ‚‚e (74.62%)
- Investments (Cat. 15): 2,421,878 tCOâ‚‚e (20.9%)
- Upstream Transportation and Distribution (Cat. 4): 268,001 tCOâ‚‚e (2.31%)
Lotte Chemical's Scope 3 Emissions by Categories
Insights into Lotte Chemical's Total Carbon Footprint
In 2023, Lotte Chemical reported a total carbon footprint of 17,644,018 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.08% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Lotte Chemical's total carbon footprint was Scope 3 emissions, accounting for 65.68% of the company's total carbon footprint, followed by Scope 1 emissions at 22.09%.