Connect with us

Hi, what are you looking for?

News

LG Innotek Reduces Greenhouse Gas Emissions

LG Innotek is making a huge effort to reduce greenhouse gas emissions at a time when business is brisk and its factories are running 24-7.

LG Innotek Sustainability Report Cover

The environment doesn’t get a lot of coverage by CE publications but it’s probably a discussion that we need to have. There are a few thousand manufacturers of audio, video, and mobile components that end up in tens of millions of homes in N. America alone and millions of those products get discarded every single year. What doesn’t get a lot of coverage is the manufacturing process and how much pollution and waste that creates. LG Innotek is one company taking a more proactive approach to reducing its impact on the environment.

Every tablet, television, computer monitor, smart phone, and hundreds of smart devices for both consumers and industrial purposes creates a lot of waste — we’re not even talking about the packaging.

LG Innotek (CEO Cheoldong Jeong) reduced greenhouse gas emissions by 11% in 2020 from the previous year. The total reduction amount is about 45,000 tons (tCO2eq, carbon dioxide equivalent), which is equivalent to the amount of greenhouse gas absorbed by 3.9 million trees in a year.

LG Innotek announced on the 12th that it had published the ‘2020-2021 LG Innotek Sustainability Report,’ which contains the company’s ESG (Environment, Social, Governance) efforts and achievements.

LG Innotek’s commitment to reinforce ESG management is well illustrated in this report. In the report, the company disclosed a new ESG vision and relevant organizational structure.

LG Innotek has established the ESG vision system that includes strategies and tasks for each ESG field with the vision of ‘Global No. 1 Material and Component Company to Bring a Better Tomorrow.’

Its relevant organizations were also reinforced. The ‘ESG Board Committee’ was established within the board of directors (BOD) to act as the supreme review board for ESG. In addition, the ‘ESG Executive Committee’ is running to promote company-wide ESG activities. The Executive Committee is chaired by the CFO, and relevant departments are participating.

Especially, this year’s report disclosed ESG management activities more in detail as per the global information disclosure standards to reinforce communication with stakeholders.

Along with it, the report introduced the company’s major environmental, social and governance-related efforts and achievements.

First, in the field of environment, LG Innotek has proactively performed green management activities with the goal of ‘zero environmental impact.’ Such activities include introducing renewable energy and expanding the application of high-efficiency production facilities to reduce greenhouse gas emissions. Through these efforts, the company saved the total energy cost of KRW 5.2 billion last year. Greenhouse gas emissions decreased by 11% from 2019, and the total reduction amount is about 45,000 tons.

LG Innotek also cut its consumption of water resources by 7% from the previous year through expanding investment in recycling facilities and managing water usage by the unit of KRW.

Advertisement. Scroll to continue reading.

In recognition of such achievements in eco-friendly management, LG Innotek received an A- rating from the Carbon Disclosure Project (CDP) on climate change for two consecutive years in 2019 and 2020 and on water security for four consecutive years between 2017 and 2020. 

As for social responsibility, the company is continuing the activities for its employees, partners, and the local communities aiming to establish ‘the partnerships for elevating social value.’

LG Innotek and its employees have also been active in their social contributions. The company has arranged non-contact social contribution programs in which the employees can participate to continue to give back to local communities even under COVID-19. Last year, LG Innotek supported about 37,000 youths and underprivileged neighbors through 163 beneficiary organizations domestically and internationally, spending a total budget of KRW 3 billion.

For more information: www.lginnotek.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

New Products

Audioengine A2+ Next Gen Anniversary Edition in Matte Orange Wireless Desktop Speakers Lifestyle

New Products

Limited to 250 pairs in matte orange, Audioengine A2+ Next Gen wireless speakers offer bold color, stellar desktop design, powerful tech, and great value....

Monitor Audio Bronze 7G Loudspeakers White Monitor Audio Bronze 7G Loudspeakers White

Floorstanding Speakers

Five Monitor Audio Bronze Series 7G loudspeakers bring upgraded drivers, sleek design, and Dolby Atmos support at wallet-friendly prices.

Ikarao Smart Karaoke Speakers Group Ikarao Smart Karaoke Speakers Group

New Products

Ikarao's Shell S1, Break X1, and Break X2 combine wireless and wired music streaming with touchscreens, light effects, and karaoke features for the ultimate...

Musical Fidelity B1xi Integrated Amplifier Front Left Angle Musical Fidelity B1xi Integrated Amplifier Front Left Angle

Integrated Amps & Stereo Receivers

Musical Fidelity’s new B1xi integrated amp ditches streaming for pure Class A/B power, a quality phono stage, and hi-res digital inputs for $879.

AudioQuest Brave Heart Speaker Cable AudioQuest Brave Heart Speaker Cable

Audio Cables

ZERO-Tech speaker cables capable of advanced noise reduction and precise timing for high-end audio systems deserving of geekery loud on specs, quiet on sense.

Ortofon MC X10, X20, X30, X40 Phono Cartridges Ortofon MC X10, X20, X30, X40 Phono Cartridges

New Products

Ortofon’s new MC X Series cartridges bring high-end quad-coil tech and precision tracking to challenge Hana, Dynavector, and Goldring at every price point.

You May Also Like

HDTV 4K & 8K TV

Top-of-the-line LG OLED picture technology in a 77-inch screen size with zero cable clutter for a sleek home theater or gaming setup.

New Products

At $1,699, the LG's top-of-the-line soundbar for 2025 promises a more immersive home theater experience but is nearly identical to last year's model.

HDTV 4K & 8K TV

LG's QNED evo 92 and QNED evo 9M TVs incorporate elevated processing, better sound, WebOS enhancements, and more for 2025

HDTV 4K & 8K TV

DTS support has disappeared from 2025 LG TVs. Is there something else afoot to replace it that might be better?

HDTV 4K & 8K TV

Will LG's new quad stack Primary RGB Tandem OLED panel make the G5 the best TV of 2025? And what should we expect from...

Articles

Shopping for a new TV? Our picks for best televisions of 2024 provide the best picture quality and value at their price and size.

HDTV 4K & 8K TV

At $59,999, the LG SIGNATURE OLED T is the most expensive 77-inch TV in the world. It looks like a pane of glass you...

Daily Deals

Now is the time for great deals on great-looking TVs. Here are our picks for the best Black Friday TV deals from 48 to...

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers