{"id":19195,"date":"2023-06-05T08:00:00","date_gmt":"2023-06-05T08:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4119233_AE19233_0"},"modified":"2023-06-05T08:00:00","modified_gmt":"2023-06-05T08:00:00","slug":"lg-joins-re100-initiative-committing-to-transition-to-renewable-energy","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=19195","title":{"rendered":"LG JOINS RE100 INITIATIVE, COMMITTING TO TRANSITION TO RENEWABLE ENERGY"},"content":{"rendered":"<p><i>Accelerating Journey <\/i><i>Toward Carbon Neutrality,<\/i><i> Company <\/i><i>Continues Efforts to Realize ESG Vision of &#8216;Better Life for All&#8217;<\/i><\/p>\n<p><span class=\"xn-location\">SEOUL, South Korea<\/span>, <span class=\"xn-chron\">June 5, 2023<\/span> \/PRNewswire\/ &#8212;&nbsp;LG Electronics (LG) has joined RE100 (Renewable Energy 100), a global initiative advocating for businesses to convert to 100 percent renewable energy for all their electricity requirements. The decision to become an RE100 member is yet another example of its strong commitment to sustainability and to fulfilling its responsibilities as a global corporate citizen.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder9027\" readability=\"8\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2092644\/Image1_LG_Joins_RE100_Initiative__Committing_to_Transition_to_Renewable_Energy.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2092644\/Image1_LG_Joins_RE100_Initiative__Committing_to_Transition_to_Renewable_Energy.jpg?p=medium600\" title=\"LG Joins RE100 Initiative, Committing to Transition to Renewable Energy\" alt=\"LG Joins RE100 Initiative, Committing to Transition to Renewable Energy\"><\/a><br \/><span>LG Joins RE100 Initiative, Committing to Transition to Renewable Energy<\/span><\/p>\n<\/p><\/div>\n<p>The company has finalized plans to convert all its business sites to 100 percent renewable energy by 2050. To reach this goal, LG will gradually increase its usage of electricity from renewable sources, such as solar and wind power, to 60 percent by 2030 and 90 percent by 2040, arriving at its target of 100 percent by 2050.<\/p>\n<p>Along with expanding the generation and usage of renewable energy via the installation of high-efficiency solar panels at LG offices and manufacturing facilities, the company will be implementing a variety of additional measures, such as acquiring renewable energy certificates (RECs), signing renewable energy power purchase agreements (PPAs) and, in <span class=\"xn-location\">South Korea<\/span>, paying Korea Electric Power Corporation&#8217;s (KEPCO) green premium.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2062\" readability=\"8\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2092645\/Image2_LG_Joins_RE100_Initiative__Committing_to_Transition_to_Renewable_Energy.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2092645\/Image2_LG_Joins_RE100_Initiative__Committing_to_Transition_to_Renewable_Energy.jpg?p=medium600\" title=\"LG Joins RE100 Initiative, Committing to Transition to Renewable Energy\" alt=\"LG Joins RE100 Initiative, Committing to Transition to Renewable Energy\"><\/a><br \/><span>LG Joins RE100 Initiative, Committing to Transition to Renewable Energy<\/span><\/p>\n<\/p><\/div>\n<p>As part of its ongoing efforts in this area, last year, LG signed a direct PPA with GS EPS, a Korean power generation company, to build a solar power station equivalent to the size of three soccer fields on the roof of the existing integrated production building at LG Smart Park in Changwon, <span class=\"xn-location\">South Korea<\/span> by 2025. Some solar panels have already been installed and have generated power for select buildings since last December. Around the world, the company has installed solar panels on rooftops of several of its offices, including the LG Sciencepark R&amp;D complex in <span class=\"xn-location\">Seoul, South Korea<\/span>; the North American Headquarters campus in <span class=\"xn-location\">New Jersey, USA<\/span>; LG India&#8217;s office building in Greater Noida, <span class=\"xn-location\">India<\/span>; and the Rayong home appliance factory in <span class=\"xn-location\">Thailand<\/span>.<\/p>\n<p>LG had already established plans to speed up its transition to renewable energy and accelerate its journey toward carbon neutrality. By converting to renewable energy, the company is also reducing indirect carbon (scope 2) emissions generated while using power. In 2019, LG announced its <i>Zero Carbon<\/i> <i>2030<\/i> pledge to reach net-zero (direct and indirect) carbon dioxide emissions (scope 1 and 2) by the year 2030.<\/p>\n<p>&#8220;Through ongoing efforts and innovation, LG is well on its way to achieving its goals of converting to 100 percent renewable energy and becoming a carbon neutral business,&#8221; said <span class=\"xn-person\">Lee Sam<\/span>-soo, chief strategy officer at LG Electronics. &#8220;LG remains fully committed to realizing its ESG vision of creating a <i>Better Life for All<\/i>.&#8221;<\/p>\n<p><b>About LG Electronics, Inc.<\/b><\/p>\n<p>LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG&#8217;s four companies \u2013 Home Appliance &amp; Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions \u2013 combined for global revenue of over <span class=\"xn-money\">KRW 80 trillion<\/span> in 2022. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit <a href=\"http:\/\/www.LGnewsroom.com\" rel=\"nofollow\">www.LGnewsroom.com<\/a> for the latest news.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accelerating Journey Toward Carbon Neutrality, Company Continues Efforts to Realize ESG Vision of &#8216;Better Life for All&#8217; SEOUL, South Korea, June 5, 2023 \/PRNewswire\/ &#8212;&nbsp;LG Electronics (LG) has joined RE100 (Renewable Energy 100), a global initiative advocating for businesses to convert to 100 percent renewable energy for all their electricity requirements. The decision to become [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":19196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-19195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LG JOINS RE100 INITIATIVE, COMMITTING TO TRANSITION TO RENEWABLE ENERGY - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=19195\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG JOINS RE100 INITIATIVE, COMMITTING TO TRANSITION TO RENEWABLE ENERGY - My Blog\" \/>\n<meta property=\"og:description\" content=\"Accelerating Journey Toward Carbon Neutrality, Company Continues Efforts to Realize ESG Vision of &#8216;Better Life for All&#8217; SEOUL, South Korea, June 5, 2023 \/PRNewswire\/ &#8212;&nbsp;LG Electronics (LG) has joined RE100 (Renewable Energy 100), a global initiative advocating for businesses to convert to 100 percent renewable energy for all their electricity requirements. 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