LG plans to expand carbon offset projects
LG Electronics kicked off an ambitious initiative aimed at achieving net zero carbon emissions from its operations across the world during the next decade.
Under the Zero Carbon 2030 initiative, the Seoul-based company strives to reduce carbon emissions by 2030 from its global operations by 50 percent compared to 2017.
LG expects that the effort will bring the firm to reaching its eventual goal of carbon neutrality, which means a net zero carbon emissions footprint. Toward that end, it plans to balance carbon emissions with carbon removal.
“Through a variety of strategic initiatives, we will cut carbon emissions across our global production sites from nearly 2 million tons recorded in 2017 to less than 1 million tons by 2030,” an LG official said.
“We strive to expand our high-efficiency facilities and technologies targeting greenhouse gas reduction, alleviating the creation of carbon emissions during the production process.”
Toward that end, the electronics giant vies to expand renewable energy installations using solar energy products and proactively take advantage of its business-to-business technology solutions.
Plus, it plans to secure Certified Emission Reduction (CER) credits, which are issued by the United Nations Framework Convention on Climate Change.
LG was the first household appliance manufacturer to acquire CER credits in 2015.
“Our commitment to combating global climate change is unwavering,” LG Vice President Lee Young-jae said.
“LG’s progressive steps in reducing carbon emissions at workplaces the world over exemplify the company’s unwavering commitment to environmental sustainability leadership.”