Baek Byung-yeul is a journalist at The Korea Times focused on cultural content, including films and cultural events in South Korea. You can contact him at baekby@koreatimes.co.kr to share your insights.
LG Energy Solution goes green with ESG initiative
LG Energy Solution CEO Kim Jong-hyun / Courtesy of LG Energy Solution
By Baek Byung-yeul
By Baek Byung-yeul
LG Energy Solution has begun environmental, social and governance (ESG) business initiatives to achieve sustainable growth, the battery-making arm of LG Group said Sunday.
The company aims to achieve carbon neutrality by 2050 and convert all of its business operations to using 100 percent renewable energy under its “We CHARGE toward a better future” vision.
“LG Energy Solution will concentrate on seven core tasks, which include achieving carbon neutrality by 2050, transitioning all business operations to RE100 by 2030 and establishing a virtual circular value chain for resources by 2025,” the firm said.
LG Energy Solution CEO Kim Jong-hyun said the initiative will help lead to new business opportunities and to create a sustainable battery supply chain.
“ESG management is a new opportunity for LG Energy Solution in seeking to expand its business reach. This will guide us to create social values and establish a virtuous cycle in the battery ecosystem,” Kim said.