In July this year, LG Electronics released its 2022-2023 Sustainability Report. The report provides some interesting insights into what the company has been doing to reduce carbon emissions during the said period.
LG joins a number of other OEMs that are adopting sustainable initiatives. This is very important considering the tech industry is responsible for tons of electronic waste and 2% to 3% of the world’s greenhouse gas emissions.
The company has also been recognized as a world leader in leveraging technology to address sustainability and social challenges, according to a just-released groundbreaking report. LG is ranked 13th among the top 100 corporate patent owners advancing transformative solutions toward the United Nations Sustainable Development Goals (SDGs) in the new report, “Exploring the Global Sustainable Innovation Landscape: The Top 100 Companies and Beyond,” by LexisNexis® Intellectual Property Solutions.
LG in its Sustainability report says it is focusing on two major areas: ‘3Cs’ for the planet, which are carbon neutrality, circularity and clean technology, and ‘3Ds’ for people, which are design for all, a decent workplace and diversity and inclusion.
The company is working toward carbon neutrality by cutting emissions from operations through measures such as highly efficient buildings, renewable energy, fleet electrification and carbon offset projects. LG’s climate action efforts also focus on reducing the environmental impact of its products throughout their entire lifecycle, from design and production to packaging and transportation to use and disposal.
To establish a circular ecosystem, the company also recovered a total of 472,876 tons of electronic waste from 52 countries last year. Since 2006, the company says it has recovered a cumulative total of recovered electronic waste that amounts to 3,992,768 tons. As of 2022, the number of recycled plastics used in the company’s products reached 32,987 tons, 25 percent higher than 2021 figures. What’s more, the company’s South Korean business sites recently received Zero Waste to Landfill (ZWTL) verification.
When it unveiled its 2023 blueprint back in January this year, LG said it aims to use 600,000 tons of recycled plastic by 2030 in its production process, an act that signifies its commitment to lead the way in environmental sustainability and climate action. Over the next 7 years, LG also said it plans to collect and recycle another 4.5 million tons of e-waste. In the same breadth, LG expects to reduce carbon emissions by 20 percent in its 7 major product categories through energy efficiency, even as it aims to complete its transition to renewable energy by 2050.
In the coming months, we should expect to see the company unveil more eco-friendly products. LG is already re-affirming this commitment with the launch of the LG Therma V R290 Monobloc Air-to-Water Heat Pump (AWHP) and the LG DUAL Inverter Heat Pump dryer at the IFA 2023. The two products centred on the importance of electrification and highlighted the use of advanced core technologies to enhance energy efficiency.
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