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Eye of Riyadh
Technology & IT | Saturday 25 May, 2019 1:00 am |
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LG COMMITS TO CARBON NEUTRALITY BY 2030

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 percent 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 tons
by the end of 2030. LG is looking to expand its high-efficiency facilities and
technologies targeting greenhouse gas reduction, alleviating the creation of carbon
emissions during the production process.

LG will expand renewable energy installations using solar energy products and actively
utilize 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 forward-
thinking 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.

www.LG.com

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As the first household appliance manufacturer to acquire CER credits in 2015, LG
paved the way by utilizing 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.

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