LG Electronics publicizes enlargement on its Zero Carbon 2030 Initiative
LG Electronics Inc. has announced its commitment to fully convert to renewable energy by 2050 as a key component of its sustainability strategy
LG Electronics Inc. has made its commitment to completely convert to renewable energies by 2050 as an essential part of its sustainability strategy. The announcement in LG Electronics’ recently published sustainability report complements its previous commitment to carbon neutrality through the Zero Carbon 2030 initiative, in which the company committed to reducing CO2 emissions in the production phase to 50 percent of the 2017 standards by 2030 .
The transformation will be implemented region by region, starting in North America, where every office and production site will run on renewable energy throughout the year. LG’s manufacturing facilities outside of Korea are well on their way to converting 50 percent of their electricity needs to renewable energy over the next four years.
Achieving this goal worldwide requires a diverse strategy, including installing high-efficiency LG solar modules in its buildings, using power purchase agreements that allow companies to purchase electricity directly from suppliers, using Renewable Energy Credit (REC) -Certificates and participation in the Green Premium program in Korea, LG’s home market, to source clean energy directly from Korea Electric Power Corporation (KEPCO).
LG is currently installing 3.2MW capacity solar modules at a manufacturing facility in Noida, India, which will also generate electricity for LG’s management. This project is being expanded as part of the Clean Development Mechanism (CDM) and enables LG to secure certificates for CO2 reduction from the United Nations Framework Convention on Climate Change (UNFCCC).
“Our commitment to creating a better life for everyone can best be realized by moving from LG to renewable energy and becoming carbon neutral,” said Park Pyung-gu, senior vice president of LG Electronics Safety & Environment Division . “In today’s world, innovation doesn’t just take place in the laboratory, it must also take place in our factories and plants. Today’s manufacturers have a unique opportunity to give the next generation a world worth inheriting, and at LG we take this responsibility very seriously. “