LG Electronics Sustainability Achievement
LG Electronics is proud to announce its placement in the Dow Jones Sustainability World Index (DJSI World) for an impressive thirteenth consecutive year. This recognition places LG among the top 10 percent of the largest 2,500 global companies, highlighting our commitment to economic, environmental, social, and governance (ESG) practices. This index serves as a vital benchmark for investors evaluating corporate sustainability.
Leading in Leisure Equipment and Consumer Electronics
What’s remarkable is that LG has received the highest overall score in the Leisure Equipment & Products and Consumer Electronics industry category, continuing its legacy as the sole South Korean company recognized in this space for over a decade. This achievement underscores LG’s long-standing dedication to excellence in sustainable practices.
Recognition in Asia Pacific
Furthermore, LG has successfully maintained its position in the DJSI Asia Pacific, wherein it ranks within the top 20 percent of the 600 largest companies in the region, as well as in DJSI Korea, which showcases the top 30 percent of the 200 largest Korean firms, for 15 and 16 consecutive years respectively. This consistent performance reflects LG's unwavering commitment to sustainability across various regions.
Exemplary ESG Practices
LG has garnered high evaluations across multiple areas of ESG criteria. These include environmental policy and management, human rights, customer relations, and supply chain management. By adhering to its ESG management vision of 'Better Life for All,' LG is actively engaging in a variety of programs aligned with its 3C strategy: Carbon neutrality, Circularity, and Clean technology, as well as the 3D focus on Decent workplace practices, Diversity & inclusion, and Design for all.
Carbon Neutrality and Renewable Energy Goals
In pursuit of these ambitious 3C goals, LG has set significant targets, including achieving carbon neutrality in its product manufacturing processes by the year 2030, alongside a transition to 100 percent renewable energy by 2050. LG aims to decrease both direct and indirect greenhouse gas emissions by an impressive 54.6 percent from the levels reported in 2017.
Commitment to Reducing Greenhouse Gas Emissions
Specific reductions in greenhouse gas emissions are planned concerning several major product groups, including TVs, refrigerators, and air conditioners. LG is committed to reducing the unit greenhouse gas emissions of these products by 20 percent in comparison to 2020 levels. This initiative is designed to enhance the energy efficiency of individual products, therefore minimizing overall carbon footprints.
Global Partnership and Compliance
As a proactive member of the UN Global Compact and the Responsible Business Alliance, LG ensures compliance with established international human rights and labor standards. Moreover, the company is enhancing its human rights management processes in response to the increasing global legal frameworks related to ESG standards.
Outstanding Ratings in ESG Evaluations
Recently, LG received an A grade in the ESG evaluation from the Korea Corporate Governance Service for four consecutive years and a similar A grade from Morgan Stanley Capital International for five years. These accolades confirm LG's effective management of ESG criteria and demonstrate its commitment to sustainability excellence.
About LG Electronics
LG Electronics USA, Inc., headquartered in Englewood Cliffs, N.J., serves as LG's North American subsidiary, representing a significant player in technology and manufacturing with a worth of approximately $68 billion. The company provides a wide spectrum of innovative home appliances, home entertainment products, air conditioning systems, and vehicle components across the United States. LG has also been recognized as an 11-time ENERGY STAR® Partner of the Year, emphasizing its dedication to environmental initiatives.
Frequently Asked Questions
What is the Dow Jones Sustainability World Index?
The Dow Jones Sustainability World Index ranks the top 10 percent of the largest global companies based on their ESG practices.
How long has LG Electronics been included in the DJSI World?
LG Electronics has been included in the DJSI World for thirteen consecutive years.
What environmental goals has LG set for the future?
LG plans to achieve carbon neutrality by 2030 and aims to use 100 percent renewable energy by 2050.
In what regions has LG been recognized for its sustainability efforts?
LG has been recognized in both the DJSI Asia Pacific and DJSI Korea for many consecutive years.
What is LG's vision regarding ESG practices?
LG's vision is 'Better Life for All,' aiming to enhance people's lives while prioritizing sustainability.
