LG has announced the launch of its “aggressive” Zero Carbon 2030 initiative which will see the firm achieve net-zero carbon emissions across its global operations in the next 12 years. LG is not the first company to become carbon neutral, famously Google’s operations purport to be carbon neutral and are powered entirely by renewable energy sources.
Discussing the initiative, Lee Young-jae, vice president of environmental safety at LG Electronics said:
“Our commitment to combating global climate change is unwavering. LG’s progressive steps in reducing carbon emissions at workplaces the world over, with many more UN CDM projects in the works, exemplify the company’s unwavering commitment to environmental sustainability leadership.”
In terms of concrete steps, LG will take a multifaceted approach to become carbon neutral. The first measure will be to reduce emissions from its global operations by half compared to 2017. It will do this by implementing carbon reduction initiatives and using renewable energy. In terms of numerical figures, the nearly 2 million tons of carbon emissions recorded in 2017, will be reduced to 960,000 tons in 2030.
It plans to conduct more work from high-efficiency facilities and use technology which reduces greenhouse gases and subsequently lowers carbon emissions during the production process. Solar power will also power more of the companies operations as it expands its renewable energy installations. It’ll also use high-efficiency chillers and Energy Management Systems (EMS) to reduce its overall emissions.
These efforts will be supported by the purchase of Certified Emission Reduction (CER) credits which allow for clean development in emerging countries. CER credits are issued via the United Nations Framework Convention on Climate Change (UNFCC) after an evaluation process. LG began acquiring CER credits in 2015 and has secured 340,000 tons of CER by the end of last year; this will be ramped up in order to meet its carbon neutrality goals in 2030.