In 2024, Lotte Energy Materials disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Lotte Energy Materials disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 2,153,000a | 2,335,000a | 2,420,000a | |
Non-Renewable Energy Consumption | 2,060,000a | 2,246,000a | 2,331,000a | |
Renewable Energy Consumption | 93,000a | 89,000a | 89,000a |
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In 2024, Lotte Energy Materials consumed a total of 2.15 million Gigajoules of energy across its operations. Of this total, 4.32% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 95.68% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, Lotte Energy Materials consumed a total of 2.15 million Gigajoules of energy, of which 4.32% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Lotte Energy Materials has considerable room to improve its energy sustainability strategy.
Since 2022, Lotte Energy Materials's total energy consumption decreased by 11.03%, including a further 7.79% drop in 2024, highlighting a continued decline in energy use.a
Over the same period, the share of renewable energy in Lotte Energy Materials's consumption increased by 17.45%, including a 13.33% increase in 2024, showing consistent progress in clean energy adoption.a
Overall, Lotte Energy Materials has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.