LG Innotek Receives Top “Leadership A” Rating in CDP Climate Change Assessment for Second Straight Year

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  • The “Leadership A” grade is awarded to only the top 2% of 24,000 companies worldwide.
  • LG Innotek is actively promoting eco-friendly management to achieve its “2030 RE100” and “2040 Net Zero” goals.
  • The company has achieved 60% renewable electricity conversion across its operations, with some sites already reaching RE100.

SEOUL, South Korea, May 15, 2025 — LG Innotek (CEO Moon Hyuksoo) announced it received the ‘Leadership A grade’ in the 2024 Carbon Disclosure Project (CDP) Climate Change Response Assessments for the second year running.

The CDP is a global initiative where major financial institutions commission the collection and assessment of environment-related information from major global companies, providing this data to stakeholders via a public platform.

The CDP assessment, conducted in over 130 countries, is recognized as a leading global sustainability assessment, alongside the Dow Jones Sustainability Index (DJSI).

This year’s climate change response assessment included 24,836 companies globally, with only 424, or 2%, achieving the ‘Leadership A grade’.

LG Innotek was recognized for its swift progress toward its goals of 100% renewable energy by 2030 (2030 RE100) and carbon neutrality by 2040 (2040 Net Zero), spearheaded by a dedicated carbon neutrality team.

Recognizing the significance of climate change, LG Innotek has prioritized climate change response as part of its Environmental, Social, and Governance (ESG) management. The company has committed to promoting eco-friendly management activities by setting ambitious ‘2030 RE100 and 2040 Net Zero’ goals.

The company is undertaking various efforts, including transitioning to renewable energy, improving energy efficiency, and optimizing processes. It focuses on converting electricity, a major source of greenhouse gas emissions, to renewable energy.

LG Innotek is increasing its use of renewable energy through large-scale renewable energy supply chains, primarily via Power Purchase Agreements (PPAs) and Virtual Power Purchase Agreements (VPPAs).

To ensure a stable renewable energy supply chain, the company is installing rooftop Photovoltaic (PV) systems at major domestic and international sites and participating in the Green Premium Scheme.

As a result, LG Innotek has converted 638GWh of its electricity consumption to renewable sources in the past year, representing over 60% of its electricity use across domestic and international operations.

This has enabled LG Innotek to achieve RE60 company-wide, with its Paju and Gumi 1A domestic operations, and its Vietnam operations, already reaching RE100.

LG Innotek CEO Moon Hyuksoo stated that the company is focusing on genuine ESG management activities centered on climate change response. He further added that they will continue to deliver exceptional customer value through global ESG leadership.

[Glossary]

  • Global initiative: A set of principles, guidelines, or a council designed to encourage companies to act responsibly regarding ESG management and pursue sustainable development.
  • Carbon neutrality: Effectively reducing a company’s carbon emissions to “zero” by implementing measures to remove as much carbon dioxide as it emits.
  • RE100 (100% renewable electricity): Transitioning to 100% renewable electricity across all operations.
  • Power purchase agreement (PPA): An agreement where an electricity user directly purchases power from a renewable energy supplier, classified as “on-site PPA” or “off-site PPA” based on the location of the power generation facility relative to the electricity consumption site.
  • Virtual power purchase agreement (VPPA): An agreement where an electricity user purchases a renewable energy certificate (REC) from a renewable energy provider.

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