LG Electronics (LG), headquartered in South Korea, has said it plans to transition entirely to renewable energy by 2050.
This disclosure is in the firm’s latest Electronics Sustainability Report, which mirrors an earlier pledge by the firm to achieve carbon neutrality by 2030 through the Zero Carbon 2030 initiative.
The global consumer appliances giant has said it will cut carbon emissions in its production lines to 50% of 2017 levels by 2030. The reduction will start with North America, where every electronic manufacturer’s office and manufacturing site will run on renewable energy.
The electronics manufacturing firm’s plants outside South Korea plan to change 50% of their current power needs to renewable energy within four years.
Park Pyung-gu, Senior Vice President, Electronics Safety & Environment Division at the firm, said LG’s transition to renewable energy would cut across all its operations, including plants and factories.
The electronics giant plans to instal high-efficiency solar panels on its buildings and use power purchase agreements that permit firms to buy electricity directly from producers.
This plan also involves the electronics firm utilizing energy credit certificates and purchasing clean energy directly from the suppl Korea Electric Power Corporation(KEPCO).