South Korea’s largest EV battery manufacturer, LG Energy Solution (LGES), said it plans to power all of its manufacturing operations worldwide with renewable energy from 2025, as part of sustainable growth goals.
The latest environmental, social and corporate governance (ESG) report states that all factories in South Korea, North America, Europe and China would run 100% on renewable energy, including wind and solar, by 2025. non-production sites by 2030 only on renewable energy.
LGES, also the second largest brand of EV batteries in the world, is a member of the RE100 global business initiative calling for a shift to renewable energy sources to help slow climate change.
The company said it had already switched 33% of its energy consumption to renewables by the end of 2020 and was expected to increase to 60% by the end of 2022.
The goal was to achieve net zero CO2 emissions across the group by 2040 and to complete the transition to carbon neutrality across the entire value chain, including that of its material suppliers, by 2050.