LY Corp
LY's GHG Emissions Data Preview
In 2024, LY 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).
LY has also provided a category-level breakdown for 12 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.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | 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.  b | 0000000 |
Location-Based | 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.  b | 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.  b | 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.  b | 0000000 |
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bVerified Sources Behind LY’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 LY’s data sources below and access millions more through our Disclosure Search.
Insights into LY's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of LY amounted to 241,077 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 2023, the total operational greenhouse gas (GHG) emissions of LY decreased by 13.11%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
LY's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are LY's Scope 1 emissions?
In 2024, the total Scope 1 emissions of LY were 3,395 metric tons of CO₂ equivalent (tCO₂e). a
Has LY reduced its Scope 1 emissions over time?
Since 2022, LY's Scope 1 emissions have decreased by 6.88%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), LY's Scope 1 emissions decreased by 4.47%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are LY's Scope 2 emissions?
In 2024, LY reported Scope 2 greenhouse gas (GHG) emissions of 25,008 tCO₂e using the market-based method and 237,682 tCO₂e using the location-based method. a
Has LY reduced its Scope 2 emissions over time?
Since 2022, LY's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that LY 's emissions have plateaued with no significant change in its energy consumption footprint. a b
Compared to the previous year (2023), LY's Scope 2 emissions (Location-Based) fell by 13.23% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does LY use for Scope 2 reporting?
In 2024, LY reported its Scope 2 emissions using the market-based method and using the location-based method. a
LY's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into LY's Value Chain Emissions
In 2024, LY reported 3,984,435 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 2024 disclosure of LY includes a breakdown across 12 of 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
LY's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are LY's Scope 3 emissions?
In 2024, LY reported total Scope 3 emissions of 3,984,435 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 88.02% of these emissions originated from upstream activities such as purchased goods and capital goods, while 11.98% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has LY reduced its Scope 3 emissions over time?
Since 2022, LY's Scope 3 emissions have increased by 21.53%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), LY's Scope 3 emissions increased by 21.11%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does LY disclose?
In 2024, LY reported emissions for 12 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 LY's Scope 3 emissions?
In 2024, the largest contributors to LY's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 2,083,096 tCO₂e (52.28%)
- Downstream Transportation and Distribution (Cat. 9): 648,090 tCO₂e (16.27%)
- Capital Goods (Cat. 2): 597,382 tCO₂e (14.99%)
LY's Scope 3 Emissions by Categories
Insights into LY’s GHG Emissions Intensity Compared to Industry Peers
In 2024, LY reported Scope 1 greenhouse gas (GHG) emissions of 3,395 tCO₂e and total revenues of USD 11,984 millions. This translates into an emissions intensity of 0.28 tCO₂e per millions USD. a
LY's Scope 1 Emissions Intensity Compared to Peers
How does LY's GHG emissions intensity compare to its peers?
In 2024, LY reported a Scope 1 emissions intensity of 0.28 tCO₂e per millions USD. Compared to the peer group median of 4.76 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does LY rank on GHG emissions intensity within its industry?
In 2024, LY ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places LY among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into LY's Total Carbon Footprint
In 2024, LY reported a total carbon footprint of 4,225,512 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.45% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to LY's total carbon footprint was Scope 3 emissions, accounting for 94.29% of the company's total carbon footprint, followed by Scope 2 emissions at 5.62%. a