Response to Climate Change
Climate Change Response Strategies
LG Display recognizes climate change as a significant risk, but at the same time as a strategic opportunity to enhance corporate competitiveness. Recognizing that the problems caused by climate change are getting serious, LG Display has made various efforts such as setting and managing greenhouse gas reduction goals, establishing an organizational system, and investing in facilities to minimize the impact of climate change in all business activities as a global manufacturing company. LG Display will continue to make steady efforts to reduce carbon emissions by 2050 in order to cooperate with and contribute to the Korean government's carbon-neutral plan.
Company-wide GHG Reduction Goals(Compared to 2014)
2030
40%- Active participation in and response to government policies related to climate change
- Reduction of the amount of process gas used in production facilities
- Investment in reduction facilities that decompose and remove process gas
- Development and application of low-power production facilities and utility technology
- Strategic transition of thermal power generation to renewable energy
2050
90%- Zero emission of greenhouse gas in the process
- Transition to Renewable Energy
- Development and application of high-efficiency emission reduction technology for process gases (reduction efficiency of more than 95%)
- Development of low-carbon, eco-friendly alternative gas
- Acceleration of the transition to new and renewable energy by joining RE100
- Continuous development of low-power eco-friendly products
Response to climate change risks
LG Display proactively manages risks by detecting internal and external risk factors and promptly responding to them. LG Display analyzes risks related to the business environment, such as uncertainty, loss of opportunity, human casualties, and business interruption, across the company, selects key risks based on their likelihood and impact of occurrence, and establishes a prevention and management system.
| Risk Type | Perspective | Financial Implications | Countermeasures | Opportunities | |
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| Transitional risk | Policies/Regulations | Short-Term |
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| Technology | Long-Term |
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| Market | Mid-Term |
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| Reputation | Long-Term |
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| Physical risk | Short-Term | Short-Term |
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| Long-Term | Long-Term |
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Greenhouse gas reduction
Facility investment
LG Display is making continuous efforts to reduce greenhouse gas emissions. LG Display is making extensive environmental investments, such as replacing SF6 gas, a major source of greenhouse gas emissions, with other gases with a lower GWP (Global Warming Potential), or installing reduction facilities in processes that use greenhouse gases such as SF6 and NF3. In addition, by conducting company-wide energy saving projects, LG Display is securing competitiveness not only in responding to the emission trading system but also in responding to climate change risks. As a result, LG Display has reduced greenhouse gas emissions by 1,708,567 tCO2 in 2021, and plans to develop and apply high-efficiency emission reduction technology for process gases to achieve zero greenhouse gas emission in the future process, strategically switch to renewable energy, and continue to develop low-power eco-friendly products.
Greenhouse gas reduction (Domestic)
(unit: tCO2eq)
- 20191,205,337
- 20201,436,426
- 20211,708,567
Adopting and Utilizing
Renewable Energy
LG Display has been actively responding to policies to switch from fossil fuels to renewable energy in generating electricity. With the implementation of the new and renewable energy use system by the government in 2021, 57.2GWh, equivalent to 100% of the electricity used in all office buildings of LG Display’s domestic business sites, was converted into new and renewable energy, and in 2022, 1,096 GWh was converted, which is 19 times that of 2021.
Partners
Shard Green Growth Activities
LG Display operates Green SCM Consulting and Carbon Partnership to spread environmental conservation activities to partner companies and to support green growth projects. Through green SCM consulting, LG Display helps our partners to proactively respond to greenhouse gas regulations by building a greenhouse gas inventory and providing energy diagnosis. For partners who have successfully completed green SCM consulting, LG Display promotes shared green growth by providing regular follow-up inspections and additional incentives at the time of purchase through the carbon partnership certification system. Since 2013, LG Display has been inspecting the overall environment management and providing technical support to strengthen our partners' ability to comply with environmental laws and regulations.
Getting Involoved In
Global Initiatives
LG Display launched the World LCD Industry Cooperation Committee (WDICC) in 2001 to promote sustainability and eco-friendliness in the display industry. LG Display has been conducting activities to exchange technologies and information to reduce greenhouse gas emissions, save energy and water, and lower waste emissions with display companies and organizations in Korea, Japan, Taiwan, and China. In addition, by participating in the Carbon Disclosure Project (CDP), which is recognized as a world-renowned authority in environmental information disclosure, LG Display actively discloses climate change response activities and greenhouse gas emissions and communicates with stakeholders.
CDP