LG Display to shift to 100% renewable energy in powering all its offices
LG Display Co. is shifting to 100 percent renewable energy to power all its business offices in the country after purchasing 57.2 GWh of electricity produced through solar, wind, and water power from state-run Korea Electric Power Corp.
The South Korean display panel maker said the purchase will enable it to power all its offices across the country, including the R&D center in Seoul, with still enough left to run manufacturing facilities.
The company strengthened its environmental, social, and governance standards to comply with the government's goal to achieve carbon neutrality by 2050.
LG Display will expand renewable energy usage at its plants through power purchase agreement (PPA) and purchase of government-issued renewable credit cards.
Last year, LG Display spent 37 billion won to reduce carbon emissions by 3 million tons compared to its 2014 level.
The company will invest over 6 billion won in greenhouse gas reduction facilities this year.
Other LG Group affiliates are also reducing carbon emissions.
LG Electronics Inc. also plans to completely transition into using renewable energy for its operations both at home and abroad by 2050, while LG Chem Ltd. announced last year a plan to produce zero carbon by 2050.