Accelerating Journey toward Carbon Neutrality, Company Continues Efforts to Realize ESG Vision of ‘Better Life for All’ |
LG Joins RE100 Initiative, Committing to Transition to Renewable Energy
LG
Electronics (LG) has joined RE100 (Renewable Energy 100), a global initiative
advocating for businesses to convert to 100 percent renewable energy for all
their electricity requirements. The decision to become an RE100 member is yet
another example of its strong commitment to sustainability and to fulfilling
its responsibilities as a global corporate citizen.
The
company has finalized plans to convert all its business sites to 100 percent
renewable energy by 2050. To reach this goal, LG will gradually increase its
usage of electricity from renewable sources, such as solar and wind power, to
60 percent by 2030 and 90 percent by 2040, arriving at its target of 100
percent by 2050.
Along
with expanding the generation and usage of renewable energy via the
installation of high-efficiency solar panels at LG offices and manufacturing
facilities, the company will be implementing a variety of additional measures,
such as acquiring renewable energy certificates (RECs), signing renewable
energy power purchase agreements (PPAs) and, in South Korea, paying Korea
Electric Power Corporation’s (KEPCO) green premium.
As
part of its ongoing efforts in this area, last year, LG signed a direct PPA
with GS EPS, a Korean power generation company, to build a solar power station
equivalent to the size of three soccer fields on the roof of the existing
integrated production building at LG Smart Park in Changwon, South Korea by
2025. Some solar panels have already been installed and have generated power
for select buildings since last December. Around the world, the company has
installed solar panels on rooftops of several of its offices, including the LG
Sciencepark R&D complex in Seoul, South Korea; the North American
Headquarters campus in New Jersey, USA; LG India’s office building in greater
Noida, India; and the Rayong home appliance factory in Thailand.
LG
had already established plans to speed up its transition to renewable energy
and accelerate its journey toward carbon neutrality. By converting to renewable
energy, the company is also reducing indirect carbon (scope 2) emissions
generated while using power. In 2019, LG announced its Zero Carbon 2030 pledge
to reach net-zero (direct and indirect) carbon dioxide emissions (scope 1 and
2) by the year 2030.
“Through
ongoing efforts and innovation, LG is well on its way to achieving its goals of
converting to 100 percent renewable energy and becoming a carbon neutral
business,” said Lee Sam-soo, chief strategy officer at LG Electronics. “LG
remains fully committed to realizing its ESG vision of creating a Better Life for All.
Life's about more than having the
latest technology, rather, it's about the experiences technology creates that
impact our lives. LG Electronics Philippines delivers consumer electronics
through top-of-the-line home entertainment, home appliances, and air solution
products that prepare Filipinos for their greatest moments. LG promises to
bring "Innovation for a Better Life" nationwide - from Luzon, to
Visayas, and Mindanao.
For more information about LG
products in the Philippines, visit the official website at lg.com/ph. You may also follow the official social media accounts @LGPhilippines
on Facebook, Instagram and Tiktok.
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THATS SO NICE ADVOCACY SAVE ENERGY ❤️❤️👍
ReplyDeleteNapakaganda naman nitong ginawa ni LG talaga perfect ito para masave ang energy sa bansa natin
ReplyDeleteAntoniette Sanchez David
Novaliches Qc
That's Great ❤️❤️❤️
ReplyDeleteKudos to LG for promoting this kind of campaign. Also, we should all participate in saving energy to make our environment safer, healthier and greener to live in.
ReplyDeleteGladys/Valenzuela City