Lotte Fine Chemical Co Ltd
Lotte Fine Chemical's GHG Emissions Data Preview
In 2023, Lotte Fine 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 Fine Chemical has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 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.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Lotte Fine Chemical’s Greenhouse Gas (GHG) Emissions Data
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Insights into Lotte Fine Chemical's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Lotte Fine Chemical amounted to 697,617 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 Fine Chemical increased by 8.46%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Lotte Fine Chemical's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Lotte Fine Chemical's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Lotte Fine Chemical were 61,505 metric tons of CO₂ equivalent (tCO₂e). a
Has Lotte Fine Chemical reduced its Scope 1 emissions over time?
Since 2020, Lotte Fine Chemical's Scope 1 emissions have increased by 6.96%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Lotte Fine Chemical's Scope 1 emissions increased by 1.61%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Lotte Fine Chemical's Scope 2 emissions?
In 2023, Lotte Fine Chemical reported Scope 2 greenhouse gas (GHG) emissions of 636,112 tCO₂e without specifying the calculation method. a
Has Lotte Fine Chemical reduced its Scope 2 emissions over time?
Since 2020, Lotte Fine Chemical's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 11.5%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Lotte Fine Chemical's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Lotte Fine Chemical 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Lotte Fine Chemical use for Scope 2 reporting?
In 2023, Lotte Fine Chemical reported its Scope 2 emissions using an unspecified methodology. a
Lotte Fine Chemical's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Lotte Fine Chemical's Value Chain Emissions
In 2023, Lotte Fine Chemical reported 3,490,328 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Lotte Fine Chemical includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Lotte Fine Chemical's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Lotte Fine Chemical's Scope 3 emissions?
In 2023, Lotte Fine Chemical reported total Scope 3 emissions of 3,490,328 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 95.18% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.82% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Lotte Fine Chemical's Scope 3 emissions decreased by 14.05%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Lotte Fine Chemical disclose?
In 2023, Lotte Fine Chemical reported emissions for 13 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 Fine Chemical's Scope 3 emissions?
In 2023, the largest contributors to Lotte Fine Chemical's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 3,065,040 tCO₂e (87.82%)
- Investments (Cat. 15): 129,305 tCO₂e (3.7%)
- Upstream Transportation and Distribution (Cat. 4): 94,450 tCO₂e (2.71%)
Lotte Fine Chemical's Scope 3 Emissions by Categories
Insights into Lotte Fine Chemical's Total Carbon Footprint
In 2023, Lotte Fine Chemical reported a total carbon footprint of 4,187,945 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.97% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to Lotte Fine Chemical's total carbon footprint was Scope 3 emissions, accounting for 83.34% of the company's total carbon footprint, followed by Scope 2 emissions at 15.19%. a