The amount of investments in environmental safety in 2021 by LG Chem was 292.7 billion KRW, which is a 62.3% increase compare to the previous year that was at 180.4 billion KRW. There was also a big jump in investments for safety and health for the social sector. As there has been an increase in customers directly requesting eco-friendly management, LG Chem is building up a resource circulating structure, and it plans to convert electricity used by all of its workplaces worldwide to renewable energy by 2050. LG Chem is raising its waste recycling rate every year for the sake of resource circulation and in 2021, it raised its waste recycling rate by 7%P compared to the previous year to reach 85%. *IEA (International Energy Agency) 2019 household electricity usage per person by nation, Korea 1,303kWh In particular, it entered a renewable power purchase agreement (PPA) in China and it is currently operating the entire value chain for battery materials in China with renewable energy. The renewable energy usage rate of LG Chem in 2021 was 344,528MWh (megawatt/hour, energy unit), which is equivalent to the amount that can be used by about 260,000 people for an entire year* Up until last year, LG Chem used only 1,760MWh of renewable energy, and then began to implement renewable energy in earnest from 2021. Last year, LG Chem increased implementation of renewable energy in the environment sector, while increasing the waste recycling rate. It contains the voices of members who are acting out the sustainability goals within LG Chem. This is the 16th year for this report and it focuses on detailed practices for achieving 2050 Net-Zero. LG Chem announced that it issued a sustainable management report containing the results of implementing sustainable management and ESG (environmental, social, governance). “Our goal is to enhance the ESG capacities of partners to build a win-win supply chain.” We are also quickly upward adjusting our goals.” “Now, customers are requesting the use of renewable energy.
“LG Chem will transition from a traditional chemical company to a science company based on sustainability”
■ Chief Executive Officer Hak Cheol Shin,
□ Newly established the ESG Committee and continuing sustainable supply chain management □ Implementing renewable energy in earnest and reaching 85% waste recycling rate Contains detailed action plans for achieving net-zero ■ Publication of 16th sustainable management report.