LG Twin Towers
Image source: LG
LG Electronics has launched its ambitious Zero Carbon 2030 initiative, whereby the company is committing to the achievement of net-zero carbon emissions from all global emissions within the next 12 years.
LG is looking to reduce carbon emissions by 50% compared to 2017 via the implementation of various carbon reduction and renewable energy initiatives.
Through various strategic initiatives, the company is looking to cut its carbon emissions across all global sites from around 2 million tonnes to 960,000 tonnes by the end of 2030. LG is also examining the expansion of its high-efficiency facilities and technologies that target greenhouse gas reduction, therefore alleviating carbon creation during the production process.
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. Such CDM initiatives promote clean development in emerging nations by allowing businesses with carbon reduction commitments to implement emissions reduction projects in developing countries using their own capital and technologies. Such projects are critical to earning CER credits, which are issued by the United Nations Framework Convention on Climate Change (UNFCC) after a thorough evaluation process.
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 tons 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,” said Lee Young-jae, vice president of environmental safety at LG Electronics.
LG is the latest multinational to announce a date for carbon neutrality. Last month, Bosch announced that it plans to be carbon neutral by the end of next year. From 2020, the group says “it will no longer leave a carbon footprint”.
Back to Homepage
Back to Consumer Goods