Korean pioneer LG Innotek pledges to achieve carbon neutrality by 2040

Updated: Apr 6

The Korean IT components maker LG Innotek has announced a set of plans to achieve carbon neutrality by 2040.

According to the company, it will reach a state of net-zero carbon dioxide emissions in 2040. Targeting this, it has planned to fulfill all of its electricity needs from renewable energy sources by 2030.

The company shared that electricity accounts for more than 90 percent of LG Innotek’s greenhouse gas emissions.

The company shared that it will "introduce more solar power generation facilities to its domestic establishments and sign power purchase agreements with renewable energy suppliers."

Besides, it will pay extra to Korea Electric Power Corp. for power generated from renewables under its Green Premium program.

According to LG Innotek, this year it will purchase 192 gigawatt-hours of power generated from renewables through Kepco’s program.

In addition, the company plans to increase the use of renewable energy at its overseas production facilities.

“We will increase investment and introduce technologies to minimize the environmental effects of our business activities and take the lead for a sustainable ecosystem,” LG Innotek Chief Executive Jeong Cheol-dong commented.

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