LG Chem backs carbon-neutral drive at Woosung Chemical
LG Chem, Korea's leading chemical company, said Friday it will support carbon reduction efforts at its key partner firm Woosung Chemical as part of a government-led net zero initiative targeting industrial supply chains.
LG Chem will help install solar panels on the rooftop of Woosung Chemical's warehouse. The clean energy generated will contribute to reducing the partner company's carbon footprint.
This will be carried out as part of the Carbon-Neutral Leading Plant Support Program, led by the Korea Institute of Industrial Technology under the Ministry of Science and ICT, designed to support company groups linked within a supply chain in achieving carbon neutrality.
Woosung Chemical, a manufacturer of functional additives for plastics, has collaborated with LG Chem for over a decade through the company's shared-growth energy project, which seeks to enhance low-carbon competitiveness among partners.
In addition to this project, LG Chem is broadening support through its voluntary environmental, social and governance support program, which includes assistance in carbon emissions measurement and verification, low-carbon product design and production consulting, and the development of life cycle assessments for products.
'LG Chem will continue to pursue ESG management in collaboration with our partners and take bold steps toward achieving carbon neutrality,' said Ko Yoon-joo, executive director and chief sustainability strategy officer at LG Chem.
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