Dedication Expands on Zero Carbon 2030 Initiative
SEOUL, July 21, 2021 — LG Electronics Inc. made public its dedication to transition fully to renewable vitality by 2050 as a key part of its sustainability technique. The announcement within the simply launched LG Electronics Sustainability Report comes on prime of its earlier dedication to carbon neutrality via the Zero Carbon 2030 initiative by which LG has pledged to scale back carbon emissions within the manufacturing stage to 50 % of 2017 requirements by 2030.
The transformation will probably be applied area by area beginning in North America the place each workplace and manufacturing website will probably be powered by renewable vitality inside the yr. LG manufacturing amenities exterior of Korea are on track to transform 50 % of their electrical energy must renewable vitality within the subsequent 4 years.
Reaching this goal globally would require a various technique, together with putting in high-efficiency LG photo voltaic panels on its buildings, using energy buy agreements that enable corporations to buy electrical energy instantly from suppliers, using Renewable Power Credit score (REC) certificates and collaborating within the Inexperienced Premium program in Korea, LG’s house market to buy clear vitality instantly from the Korea Electrical Energy Company (KEPCO).
At present LG is putting in photo voltaic modules with a capability of three.2 MW on a producing website in Noida, India, producing electrical energy to energy LG’s administrative workplace as nicely. This challenge will probably be expanded as part of the Clear Growth Mechanism (CDM), permitting LG to safe carbon discount certificates from the United Nations Framework Conference on Local weather Change (UNFCCC).*
“Our dedication to creating a greater life for all can finest be actualized by LG transition to renewable vitality and reaching carbon neutrality,” stated Park Pyung-gu, senior vice chairman at LG Electronics Security & Surroundings Division. “In as we speak’s world, innovation does not simply occur within the lab, they need to additionally occur in our factories and vegetation. Right now’s producers have a once-in-a-lifetime alternative to offer the subsequent technology a world price inheriting and at LG, we take this duty very severely.”
* CDM challenge permits corporations to earn licensed emission discount (CER) credit when investing tasks in creating nations. CER will be traded, bought and used to fulfill part of the emission discount targets underneath the Kyoto Protocol.
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About LG Electronics
LG Electronics Inc. is a worldwide innovator in know-how and shopper electronics with a presence in nearly each nation and a world workforce of greater than 75,000. LG’s 5 corporations – House Equipment & Air Resolution, House Leisure, Cellular Communications, Car part Options and Enterprise Options – mixed for world gross sales of over $56 billion in 2020. LG is a number one producer of shopper and industrial merchandise starting from TVs, house home equipment, air options, cell gadgets, screens, service robots, automotive parts. The premium LG SIGNATURE and clever LG ThinQ manufacturers are acquainted names world over. Go to www.LGnewsroom. com for the most recent information.