Only South Korean Company Recognized in
Leisure Equipment & Products and Consumer Electronics Category
for 13 Years
ENGLEWOOD CLIFFS, N.J., Dec. 23,
2024 /PRNewswire/ -- LG Electronics (LG) has
once again secured its position in the Dow Jones Sustainability
World Index (DJSI World) for the thirteenth consecutive year. The
DJSI World ranks the top 10 percent of the largest 2,500 global
companies based on their economic, environmental, social, and
governance (ESG) practices, serving as a critical benchmark for
investors assessing corporate sustainability.
Notably, LG earned the highest overall score in the Leisure
Equipment & Products and Consumer Electronics industry
category. Furthermore, it remains the only South Korean company to
be included in this category for 13 years running.
Additionally, LG has been included in the DJSI Asia Pacific (top
20 percent of the 600 largest companies in the Asia-Pacific region) and DJSI Korea (top 30
percent of the 200 largest companies in Korea) for 15 and 16
consecutive years, respectively.
LG received high evaluations across various ESG areas, including
environmental policy and management, human rights management, human
resource management, customer relations, supply chain management
and product responsibility management.
Under the ESG management vision of Better Life for All, LG is
carrying out various activities with the strategy of 3C for the
planet (Carbon neutrality, Circularity, and Clean technology) and
3D for people (Decent workplace, Diversity & inclusion, and
Design for all).
To achieve its 3C goals for the planet, LG has set ambitious
targets, including reaching carbon neutrality in its product
manufacturing process by 2030 and transitioning to 100 percent
renewable energy by 2050.
Specifically, LG plans to reduce direct greenhouse gas emissions
(Scope 1) and indirect greenhouse gas emissions (Scope 2) in the
product production stage by 54.6 percent compared to 2017 levels.
This will be accomplished through process improvements, the
introduction of energy-saving technologies and the use of renewable
energy. Notably, LG was the first company in the home appliance
industry to obtain UN carbon credits in 2015.
In addition, LG is focused on reducing the unit greenhouse gas
emissions of its seven major product groups (TVs, refrigerators,
washing machines, dryers, home and system air conditioners, and
monitors) by 20 percent compared to 2020 levels during the product
use stage (Scope 3). This commitment involves various activities
aimed at improving the energy efficiency of individual products,
thereby reducing overall carbon emissions.
As a member of the UN Global Compact and the Responsible
Business Alliance, LG complies with international human rights and
labor standards and is enhancing its human rights management
processes to respond to strengthening global ESG-related
legislation.
In the ESG evaluation and rating announcement results published
by the Korea Corporate Governance Service this year, LG received an
overall A grade for four consecutive years. LG also received an A
grade for five consecutive years in the ESG evaluation conducted by
the global ESG evaluation agency Morgan Stanley Capital
International, gaining recognition for its ESG management
performance from credible domestic and international
institutions.
About LG Electronics USA
LG Electronics USA, Inc., based in
Englewood Cliffs, N.J., is the
North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and
manufacturing. In the United
States, LG sells a wide range of innovative home appliances,
home entertainment products, commercial displays, air conditioning
systems, and vehicle components. LG is an 11-time ENERGY STAR®
Partner of the Year. The company's commitment to environmental
sustainability and its "Life's Good" marketing theme encompass how
LG is dedicated to people's happiness by exceeding expectations
today and tomorrow. For more information, visit
www.LG.com.
Media Contacts:
LG Electronics USA
JL Lavina
jl.lavina@lge.com
www.LG.com
Jennifer Tayebi
Jennifer.tayebi@lg-one.com
LGHAUS@lg-one.com
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SOURCE LG Electronics USA
