Climate Change Data

LOTTE Fine Chemical

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Waste Generated:67,540 tons in 2021

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced energy consumption by 73 TJ in 2021.
  • Reduced GHG emissions by 1887 tCO2eq in 2021.
  • Increased waste recycling rate from 84% in 2019 to 93% in 2021.
  • Invested KRW 15.3 billion in energy conservation and waste recycling facilities in 2021.
  • Invested KRW 8.2 billion in green purchasing in 2021.

Social Achievements

  • 100% completion rate of hazardous chemical safety training for employees and partners.
  • Invested KRW 699 million in education and training, providing approximately 29 hours of education per person in 2021.
  • Recertified as a family-friendly company by the Ministry of Gender Equality and Family in 2021.
  • Certified as a leisure-friendly company in 2019.
  • Launched the “YOULUCS” program to foster a culture of appreciation and encouragement.

Governance Achievements

  • Established the ESG Committee in July 2021.
  • Introduced the electronic voting system at the 57th AGM in March 2021.
  • Established the Independent Director Recommendation Committee in February 2022.
  • Appointed a new female outside director in March 2022.
  • Maintained 100% attendance rate of outside directors at BOD meetings in 2021.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality (net zero GHG emissions) by 2050.
Medium-term Goals:
  • Reduce GHG emissions by 14.5% compared to 2018 levels by 2030.
  • Achieve carbon neutral growth by 2030.
Short-term Goals:
  • Increase female leaders by 20% within three years.
  • Achieve integrated environmental management permission by December 2022.
  • Complete pilot testing and optimization of wastewater effluent reuse by June 2023.

Environmental Challenges

  • Climate change caused by increased GHG emissions.
  • Strengthening global regulations on chemical substances.
  • Fluctuating international oil prices and exchange rates.
  • COVID-19 pandemic.
  • Growing uncertainties in the business environment.
Mitigation Strategies
  • Implemented the “Green Promise 2030” strategy.
  • Established a company-wide response system for chemical substance regulations.
  • Implemented a company-wide integrated innovation program to improve energy efficiency.
  • Strengthened non-face-to-face recruitment and implemented teleworking system.
  • Established an integrated risk management system.

Supply Chain Management

Responsible Procurement
  • Green purchasing policy prioritizing eco-friendly products.
  • Use of products from business partners with FSC and PEFC certifications.
  • Environmental impact assessments of partner companies.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, UNGC, UN SDGs

Certifications: ISO 14001, ISO 45001, ISO 9001, Halal, Kosher, ISO 27001

Sustainable Products & Innovation

  • Green materials such as MECELLOSE® and HECELLOSE®

Awards & Recognition

  • Minister of the Interior and Safety Award at the 20th Korea Safety Award (Incheon Plant)