LG Display announced on the 30th that it has been selected as an 'Honorary Sector for Carbon Management' in the IT institutional sector for nine consecutive years in the '2024 CDP Climate Change Response' evaluation released by the international non-profit organization CDP.
The CDP evaluation is conducted simultaneously in over 130 countries worldwide and is known to be one of the most trusted global sustainability assessments, along with the Dow Jones Sustainability Index (DJSI).
The selection for the CDP 'Honorary Sector for Carbon Management' was highly evaluated due to LG Display's efforts to reduce carbon emissions from its business sites both domestically and internationally by 43% compared to 2018 and to convert 39% of its total electricity consumption to renewable energy, leading the way in achieving carbon neutrality.
LG Display has been working to reduce direct (Scope 1) and indirect (Scope 2) greenhouse gas emissions generated during product production. Moreover, it is comprehensively conducting carbon reduction activities such as expanding the use of renewable energy, introducing greenhouse gas reduction facilities, and optimizing facility operations based on digital transformation, including smart control.
In 2023, LG Display declared carbon neutrality by 2050 and is implementing a roadmap to gradually reduce carbon emissions from its business sites by 53% by 2030 and by 67% by 2040 compared to 2018.
In the future, LG Display plans to continue strengthening activities to achieve carbon neutrality, including establishing a cooperative system with relevant organizations to develop process gases with a low global warming potential (GWP).