LG Energy Solution aims to achieve carbon neutral by 2050
Sustainability

LG Energy Solution aims to achieve carbon neutral by 2050

Leading battery manufacturer boasts efforts to lead sustainable future and declares ESG vision

  • By ICN Group | August 02, 2021

LG Energy Solution is rolling up sleeves to become an eco-friendly company that prioritizes environment, fulfils social responsibilities and shapes sustainable future with its ESG management strategy. The company on Sunday announced its visions and business strategy

Under the vision "We CHARGE toward a better future," LG Energy Solution detailed its plans for ESG management by outlining critical areas and key enablers, critical in achieving its business strategy.

“CHARGE” (C: Climate Action & Circular Economy, H: Human Value Management, A: Advanced EH & S R: Responsible & Impactful Business and key enablers as G: Good Governance, E: ESG Disclosure & Communication)

“CHARGE” (C: Climate Action & Circular Economy, H: Human Value Management, A: Advanced EH & S R: Responsible & Impactful Business and key enablers as G: Good Governance, E: ESG Disclosure & Communication)

Committed to achieving a greener future as a lead player of the global battery industry, LG Energy Solution focuses on critical areas symbolized as: C: Climate Action & Circular Economy, H: Human Value Management, A: Advanced EH & S, R: Responsible & Impactful Business and key enablers as G: Good Governance, E: ESG Disclosure & Communication.

With it, LG Energy Solution will concentrate on 7 core tasks, which includes achieving carbon neutrality by 2050, transitioning all business operations to RE100 by 2030 and establishing virtual circular value chain for resources by 2025.

The 7 core tasks are as follows: Mid-to-long term reduction and management of greenhouse gas, Climate Action & Renewable Energy, Circular Economy, HR Policy Based on Diversity, Development of Eco-Friendly Innovative Technology, Responsible Supply Chain Management and Safety and Environment-Oriented Management and Accident Prevention.

"ESG management is a new opportunity for LG Energy Solution in seeking to expand its business reach. This will guide us to create social values and establish a virtuous cycle of battery ecosystem," said Jong Hyun Kim, the President and CEO of LG Energy Solution. "LG Energy Solution will accelerate efforts to innovatively transform human lives with its ESG management."

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