As
the world celebrates World Environment Day on the 5th of June of
each year, LG Electronics committed to the environment with its ESG philosophy
and sustainable management to ensure a “Better Life for All” to achieve
mid-to-long term goals through its mission, vision, policies and practices.
LG
Electronics is pursuing a broad range of activities to protect our planet. To
achieve carbon neutrality at the product production stage by 2030, LG is
reducing carbon emissions through energy-efficient facilities at the production
sites and expanding the use of renewable energy. As it is leveraging also the
development of energy-efficient products and electrification to reduce carbon
emissions by 20% during the product use stage by 2030. Additionally, the
company is actively increasing the use of recycled plastic in its products,
having used a cumulative total of 114,000 tons1 of recycled plastic
over the past three years. Plastic cushioning materials used in its packaging
are being replaced with paper alternatives as well.
Consisting
of the Home Appliance & Air Solutions (HS), Multimedia Solutions (MS),
Vehicle component Solutions (VS), and Business Solutions (BS) Business
Companies, LG Electronics is a global leader in technological innovation in a
range of fields that includes home appliances, IT, automotive components, and
signage, with operations at approximately 140 sites around the world. Besides
its business vision, LG has set an ESG Strategy For the Planet consisting of 3C
Strategies for the Planet: Carbon Neutrality by Achieving Carbon Neutrality &
Renewable Energy Transition , Circularity through Waste Recycling & E-waste
Collection and Recycling, Clean Technology via Developing Highly Efficient
Products & Using Environmentally Conscious Materials.
To
address climate change, LG Electronics has set GHG reduction targets for the
entire lifecycle of its products, from the production to use stage. Aiming to
reduce the total amount of direct & indirect GHG emissions in the product
production stage by 54.6% by 2030 compared to 2017 levels in accordance with the SBTi's criteria, and
reduce GHG emissions intensity in the product use stage by 20% by 2030 compared
to 2020 levels. To objectively ensure the achievement of these GHG reduction
goals, in 2021 LG Electronics became the first Korean company in the home
appliance industry to declare its GHG reduction targets to the Science Based
Targets Initiative (SBTi)2.
In
solidarity with the environment and all risks facing the climate, LG
implemented Climate Change Policy via engaging with Climate Change
Organizations and Initiatives. Based on international treaties related to
climate change, such as the Paris Agreement1) and the IPCC,2) LG Electronics
cooperates with Korean and international climate change-related specialized
institutions, organizations, and initiatives to introduce and implement climate
change policies. Through this efforts, the brand aims to establish an effective
collaboration framework for addressing climate change issues to achieve shared
goals.
LG
Electronics focuses on improving Resource Efficiency starting from the product
development stage, by enhancing materials and structures to maximize resourcefulness.
In addition, we have established a collaborative system with recycling
companies to facilitate post-consumer recycling and sorting. For instance3, [A1] in 2023, the company modified the
material of its TV model (50UQ8300ENF), which resulted in a 19% reduction in
product weight (approx. 2.8 kg), a 7% reduction in product volume (0.013 m3 ),
and a 3% reduction in packaging material weight (0.11 kg) compared to the
previous model (50LF6500). Also improving the structure of the products,
reducing the number of fastening parts which measures ease of disassembly, by
21%, from 33 to 26. To reduce waste and improve resource efficiency, LG enhanced
the efforts to develop environmentally conscious products and improve the
design of existing products.
In
addition, LG Electronics recycles plastic from collected waste electronics and
uses it to make new products. LG have set the goal of using 600,000 tons of
recycled plastic from 2021 to 2030; by 2023, we have used 114,000 tons.
LG
Electronics is expanding the application of environmentally conscious design
and environmentally conscious materials in its product packaging to minimize
post-consumer waste, while maintaining the basic function of packaging to
protect products and maintain their stability. Moreover, LG Electronics is
reducing the amount of plastic in its product packaging to the greatest extent
possible to minimize single-use waste. Switching to paper for internal
cushioning materials, which have been applied to laptops and soundbars starting
in 2021, and developing the industry's first paper cushioning material for
packaging 20kg air purifiers (Montblanc), and planning to develop paper
cushioning for packaging large products weighing 70kg. LG recycled materials in
products for which plastic cushioning materials are required. The plastic
packaging materials utilized in LG Electronics are produced through a
differentiated process with 50% waste material content, which reduces their
environmental impact compared to conventional plastic cushioning materials.
Finally,
LG Electronics conducts record inspections, facility inspections, and waste
categorization to identify the amount and type of waste generated during
business operations, and identifies opportunities for improvement in waste
management. Based on the identified opportunities, it establishes specific
waste reduction plans, including quantitative targets.
[A1]To add
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