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July 20, 2019
Business Science and Tech Tech Technology World

LG Electronics vows to achieve carbon neutrality by 2030

SEOUL, South Korea: LG Electronics (LG) has launched its aggressive Zero Carbon 2030 initiative, committing to achieving net-zero carbon emissions from its global operations within 12 years.

In line with its larger sustainable business strategy, LG will look to reduce carbon emissions from its global operations by 50% compared to a 2017 baseline by implementing various carbon reduction and renewable energy initiatives. This effort will help bring LG closer to reaching its ultimate goal of carbon neutrality, achieving a net-zero carbon emissions footprint by balancing carbon emissions with carbon removal.

Through a variety of strategic initiatives, the company will cut carbon emissions across its global production sites from nearly 2 million tons recorded in 2017 to 960,000 tonnes by the end of 2030.

LG will expand renewable energy installations using solar energy products and actively utilise its own business-to-business technology solutions such as high-efficiency chillers and Energy Management Systems (EMS) to reduce carbon emissions.

Additionally, through the expansion of its Clean Development Mechanism (CDM) projects, LG plans to secure Certified Emission Reduction (CER) credits.

As the first household appliance manufacturer to acquire CER credits in 2015, LG paved the way by utilising highly efficient home appliances and cementing its status as a pioneering environmentally-conscious company. By the end of 2018, LG had secured a total of 340,000 tonnes of CER through its CDM initiatives.

“Our commitment to combating global climate change is unwavering. LG’s progressive steps in reducing carbon emissions at workplaces the world over, with many more UN CDM projects in the works, exemplify the company’s unwavering commitment to environmental sustainability leadership,” LG Electronics Environmental Safety vice president Lee Young-jae said.

About LG Electronics Inc.

LG Electronics Inc. is a global innovator in technology and manufacturing with operations in 140 locations and a workforce of over 70,000 around the world. With 2018 global sales of US$54.4 billion, LG is composed of five companies – Home Appliance and Air Solution, Home Entertainment, Mobile Communications, Vehicle Component Solutions and Business Solutions.

LG is a world-leading producer of TVs, refrigerators, air conditioners, washing machines and mobile devices, including premium LG SIGNATURE products and LG ThinQ products featuring artificial intelligence.