• LG Energy Solution sets sights on carbon neutrality and supply chain sustainability, while driving mutual growth with partners.
• The company’s commitment to sustainability earns global recognition, affirming industry-leading position.

LG Energy Solution has published its 2024 ESG Report – a detailed account of the company’s environmental, social, and governance (ESG) performance over the last year. It highlights a deeper commitment to building a more sustainable future through carbon neutrality, supplier engagement, and strategic collaborations with industry-leading partners.

In the report, readers can discover how LG Energy Solution has reinforced its decarbonization strategy as part of a broader commitment to carbon neutrality, expanding its use of renewable energy and establishing carbon footprint guidelines for suppliers.

With the goal of achieving RE100 across all operations by 2030, the company expands its adoption of the Power Purchase Agreement (PPA) system across global sites. A PPA is a long-term contract under which a company purchases electricity directly from renewable energy generators.

Through this approach, LG Energy Solution uses significantly more renewable energy at its facilities in Poland, Indonesia, and Ochang Energy Plant in Korea, and plans to apply PPAs at facilities currently under construction.

In February 2024, LG Energy Solution also issued the “Carbon Footprint Calculation Guidelines for Partner Companies” to ensure full compliance with the EU Battery Regulation. The guideline outlines the purpose, methodology, and reporting standards for calculating carbon emissions, ensuring transparency and alignment across the supply chain.

“With ESG regulations increasingly shaping global operations, LG Energy Solution is turning challenges into opportunities by developing systems that respond proactively and strategically,” said an LG Energy Solution spokesperson.

As part of its commitment to mutual growth, the company joined the Korean Ministry of Employment and Labor’s 2024 Safety and Health Cooperation Program for Large and Small Enterprises – helping partners strengthen safety standards, secure government funding, and engage in collaborative councils designed to foster a culture of mutual growth across the value chain.

Meanwhile, LG Energy Solution’s sustainability initiatives have earned global recognition. The company was named an “Industry Mover” in the 2024 S&P Global Corporate Sustainability Assessment (CSA) and was recognized as one of the 100 Most Sustainable Corporations in the World by Corporate Knights, ranking 12th overall and 1st among battery manufacturers.

“LG Energy Solution is preparing for its next phase of growth by leveraging differentiated technological competitiveness, while recognizing that sustainable growth must be underpinned by strong ESG performance,” said an LG Energy Solution spokesperson. “Backed by the trust of global investors, customers, and local communities, we remain fully committed to delivering long-term value and creating meaningful customer outcomes.”

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