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LG Energy Solution Aims to Achieve RE100 in All Global Production Sites by 2025

LG Energy Solution announced its plan to achieve RE100 at all of its global production sites by 2025.

August 03, 2022. By News Bureau

LG Energy Solution announced its plan to achieve RE100 at all of its global production sites by 2025.

In its ESG Report 2021, which was published today, the company stated that it will complete its conversion to RE100 across all its global battery manufacturing sites (in Korea, North America, Europe, China, etc.), which means they will run entirely on renewable energy.

RE100 is the acronym for 'Renewable Electricity 100%,' a global initiative for businesses to convert the 100% of their energy sources to renewable energies, such as wind and solar.

According to the RE100 2021 Annual Disclosure Report released by international non-profit, Climate Group, and the Carbon Disclosure Project (CDP), LGES global business sites' conversion rate to renewable energy reached 33% in 2020, the highest percentage among the 14 domestic companies committed to the RE100 initiative. The company now aims to boost its conversion rate to exceed 60% by the end of this year.

LGES also announced a specific roadmap to successfully complete this mid- to long-term initiative and realize carbon neutrality, which centers around the previously mentioned goal for RE100.

"We will achieve RE100 across the entire value chain by 2050 by monitoring our suppliers' carbon emissions, endorsing their RE100 participation and encouraging their carbon reduction campaigns," said LGES. "After that, we will actively pursue our goal of becoming 'Carbon Negative,' converting carbon emissions to minus values."

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