LG Commits to Carbon Neutrality By 2030!
16:12:00
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.
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.
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