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LG is committed to balancing carbon emissions by 2030

The company plans to continue reducing greenhouse gas emissions and expand the projects in the field of balancing carbon emissions

Zero carbon emissions. Illustration: shutterstock
Zero carbon emissions. Illustration: shutterstock

The LG company launched an aggressive project of "resetting carbon by 2030" while committing to achieve a goal of net zero emissions within the framework of its worldwide operations, within 12 years.

As part of its sustainable business strategy, LG will aim to reduce the carbon emissions of its operations worldwide by 50% compared to the baseline defined in 2017, through the implementation of a variety of projects to reduce carbon emissions and switch to the use of renewable energy. This effort will assist in getting closer to the final goal defined by the company, of neutrality in the net impact in the carbon sphere. The company intends to reach a state of zero carbon footprint, through a balance between the emission of carbon oxides and their disposal.

As part of a series of strategic projects, the company will reduce the carbon emissions of its production sites around the world from almost two million tons recorded in 2017 to 960,000 tons at the end of 2030. LG intends to expand its highly efficient production facilities and technologies focused on reducing the greenhouse effect, by reducing emissions the carbons during the production processes.

LG will expand the renewable energy installations, using solar energy products and utilizing its own technologies intended for businesses, such as highly efficient cooling systems, and energy management systems (EMS - Energy Management Systems), in order to reduce carbon emissions.

In addition, through the expansion of the clean development projects managed by the company, (Clean Development Mechanism - CDM), LG plans to accumulate credits for emission reduction (Certified Emission Reduction) - CER), which are awarded as part of an international mechanism for clearing and accounting for pollutant emissions. Projects such as CDM promote clean development in developing countries, by enabling businesses that show a commitment to reducing carbon emissions to implement projects to reduce this emission in developing countries, using their own capital and technologies. Such projects are critical for receiving credits in the CER mechanism, defined by the United Nations Conference on Climate Change (UNFCC), after a comprehensive process of examination and evaluation.

As the first manufacturer in the world of home appliances to receive credits under the CER mechanism, LG paved the way for the use of home appliances with high energy efficiency, while establishing its position as a pioneer in the field of environmental awareness. At the end of 2018, LG recorded a total of 340,000 tons of CER, as part of its CDM initiatives.

According to Lee Young-gai, LG's Vice President for Environmental Protection: "Our commitment to combating climate change is unwavering. LG's progressive steps in reducing carbon emissions in workplaces all over the world, along with a long line of projects within the CDM program of the United Nations, illustrate the company's uncompromising commitment to position itself as a leader in the field of sustainability."

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