LG Announces Zero Carbon 2030 Initiative

on
Date : 17-Jun-2019
Location: Seoul;Kuala Lumpur

Key Take-Aways:
  • 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.
  • Additionally, through the expansion of its Clean Development Mechanism (CDM) projects, LG plans to secure Certified Emission Reduction (CER) credits - the CER credits are issued by the United Nations Framework Convention on Climate Change (UNFCC) after a thorough evaluation process.
  • By the end of 2018, LG had secured a total of 340,000 tons of CER through its CDM initiatives.

 Spokeperson:
  • Lee Young-jae, vice president of environmental safety at LG Electronics, said the Carbon Neutrality commitment is in line with combating global climate change.
  • Kim Kyutae, Managing Director of LG Electronics Malaysia, said that Green Product Strategy is adopted by LG throughout the life cycle of their products.
Offerings:
  • 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.
Editor's comments:
  • Green IT was once a popular trend, preceding the trends of e-commerce, cloud computing,blockchain & cryptocurrency and A.I.
  • Green IT is often implemented as part of the Corporate Social Responsibility (CSR).
  • On the other hand, Green Product Strategy covers a wider scope of IT, manufacturing to sales and distribution. 

Comments

Post a Comment