LG Electronics joins forces with partners to tackle carbon emissions

An LG Electronics employee and employees of its partner company in Changwon, South Gyeongsang Province, conduct an ESG risk evaluation. LG said Monday that it will support its partners in cutting carbon emissions to reduce their burden and pursue win-win cooperation. Courtesy of LG Electronics

LG Electronics will support its partner companies in enhancing their environmental, social and corporate governance (ESG) management capabilities, especially in reducing carbon emissions, so as to achieve win-win growth, the company said, Monday.By 2030, LG Electronics hopes to reduce carbon emissions by 54.6 percent compared to 2017 by improving manufacturing processes, introducing energy-saving technology and the use of renewable energy. With these efforts, the company consequently aims to achieve carbon neutrality and obtain Certified Emission Reduction (CER) credits.In 2015, the company became the first in the home appliance industry to receive carbon credits from the United Nations.The company has continued its efforts to reduce greenhouse gas emissions across the value chain and implement carbon emission reduction targets for the product use phase of Scope 3, which refers to the indirect emissions generated in a company’s supply chain.

To help its partners utilize its know-how in reducing carbon emissions, LG will support in consulting for carbon emissions reduction for 15 partners this year.This is to help them achieve better ESG management. The company added that it will conduct the consulting program until June to identify areas for improvement and cooperate with the firms to enhance risk management capabilities. LG added it plans to continue expanding the number of partners supported by the consulting program.In detail, through consulting at all stages from the preliminary survey to the identification of improvement measures, LG will analyze the management systems of partner firms’ facilities that consume high amounts of energy and help optimize their efficiency.“ESG management is important throughout the supply chain for mutual growth with our partners,” said Wang Chul-min, head of the global operation center at LG. “We will responsibly expand our support for 메이저 partners to reduce carbon emissions and manage ESG.”

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