Lg Innotek
LG Innotek, a prominent subsidiary of the LG Corporation, is headquartered in South Korea (KR) and operates extensively across Asia, Europe, and North America. Founded in 1970, the company has established itself as a leader in the electronics industry, specialising in advanced materials and components for various sectors, including automotive, telecommunications, and consumer electronics. Renowned for its innovative solutions, LG Innotek offers a diverse range of products, including camera modules, LED components, and circuit boards, distinguished by their cutting-edge technology and high quality. The company has achieved significant milestones, such as pioneering developments in 5G technology and automotive lighting systems, solidifying its market position as a key player in the global electronics landscape. With a commitment to sustainability and innovation, LG Innotek continues to drive advancements that shape the future of technology.
DitchCarbon Score
How does Lg Innotek's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lg Innotek's score of 53 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lg Innotek's reported carbon emissions
In 2023, LG Innotek reported total carbon emissions of approximately 21387000 kg CO2e for Scope 1 and about 221450000 kg CO2e for Scope 2 (market-based), with a significant contribution from Scope 3 emissions, totalling around 689031000 kg CO2e. The breakdown of Scope 3 emissions includes about 4756000 kg CO2e from business travel and approximately 5578000 kg CO2e from employee commuting, alongside substantial emissions from purchased goods and services, which accounted for about 487143000 kg CO2e. The company has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which LG Innotek joined in June 2022. The company is actively working towards its climate goals, although specific near-term reduction targets have not been disclosed. In comparison, emissions data from previous years shows a trend of increasing emissions, with Scope 1 and 2 emissions in 2022 reported at approximately 19440000 kg CO2e and 345481000 kg CO2e (market-based), respectively, and Scope 3 emissions at about 1338000 kg CO2e. This highlights the importance of LG Innotek's ongoing efforts to mitigate its carbon footprint and enhance sustainability practices within its operations.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,041,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 335,020,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 166,000 | 0,000,000 | 0,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lg Innotek is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
