In 2023, Lotte Energy Materials 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) and Scope 2 (indirect emissions from purchased energy).
However, Lotte Energy Materials has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 566a | 481a | 515a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 107,411a | 111,478a | 112,257a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.894a | 0.8311a | 0.8895a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Lotte Energy Materials amounted to 107,977 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 2022, the total operational greenhouse gas (GHG) emissions of Lotte Energy Materials decreased by 3.56%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Lotte Energy Materials were 566 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Lotte Energy Materials's Scope 1 emissions have increased by 9.9%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Lotte Energy Materials's Scope 1 emissions increased by 17.67%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Lotte Energy Materials reported Scope 2 greenhouse gas (GHG) emissions of 107,411 tCO₂e without specifying the calculation method.a
Since 2021, Lotte Energy Materials's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Lotte Energy Materials's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2022), Lotte Energy Materials's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Lotte Energy Materials's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Lotte Energy Materials reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Lotte Energy Materials reported Scope 1 greenhouse gas (GHG) emissions of 566 tCO₂e and total revenues of USD 633 millions. This translates into an emissions intensity of 0.89 tCO₂e per millions USD.a
In 2023, Lotte Energy Materials reported a Scope 1 emissions intensity of 0.89 tCO₂e per millions USD. Compared to the peer group median of 4.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Lotte Energy Materials ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Lotte Energy Materials is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a