South Korea’s largest EV battery manufacturer LG Energy Solution (LGES) said it planned to power all of its production operations worldwide with renewable energy from 2025, as part of sustainable growth targets.
The said in its latest environmental, social and corporate governance (ESG) report that all factories in South Korea, North America, Europe and China would operate 100% on renewable energy, including wind and solar power, by 2025 while non production sites would be powered only by renewable energy by 2030.
LGES, also the world’s second largest EV battery make, is a member of the RE100 global corporate initiative which calls 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 this was expected to rise to 60% by the end of 2022.
It aimed to achieve net zero carbon emissions across the group by 2040 and complete the transition to carbon neutrality across its entire value chain, including among its materials suppliers, by 2050.