LG Electronics has proclaimed “Zero Carbon 2030” to become carbon neutral by 2030. Carbon neutrality means reducing carbon dioxide through such activities as planting trees and generating electricity using renewable energy sources by the same amount as one produces it.
LG Electronics plans to reduce carbon emissions from its production plants to 960,000 tons a year by 2030. The amount is about 50 percent of the 1,940,000 tons of carbon dioxide it produced in 2017. To this end, it has decided to expand the introduction of high-efficiency facilities and greenhouse gas reduction devices that can reduce carbon emissions in production processes.
In addition, LG Electronics plans to realize carbon neutrality with carbon credits acquired through external carbon reduction activities. The company will expand its Clean Development Mechanism (CDM) project to secure carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC). The CDM project enables companies to utilize reductions of carbon emissions in developing countries as part of their achievements in slashing carbon emissions.
In 2015, LG Electronics secured carbon emission rights for the first time in the home electronics industry through its CDM project based on highly efficient household appliances. LG Electronics had secured a total of 340,000 tons of carbon credits through the CDM project until last year.
Furthermore, LG Electronics plans to strengthen its solar power generation business to expand its use of renewable energy and contribute to pruning carbon emissions by actively utilizing its B2B solutions such as high-efficiency freezers and the energy management system (EMS).