SEOUL,
South Korea, July 25,
2022 /PRNewswire/ -- LG Display, the world's leading
innovator of display technologies, announced today that it has
published its 2021-2022 Sustainability Report.
The company's eleventh sustainability report outlines its
Environmental, Social, and Governance (ESG) activities and
achievements within the last year as well as its short and
long-term goals in pursuit of a greener planet.
In the environmental sector, the company underlined its
consistent efforts to minimize its environmental impact and fight
the global climate crisis, including setting greenhouse gas
reduction targets, converting to renewable energy, and developing
eco-friendly technologies. This year's report especially highlights
the company's goal to reduce greenhouse gas emissions by 90 percent
by the year 2050 compared to 2014.
To reduce reliance on fossil fuel-based energy, the company
purchased 57.2 GWh of electricity produced through renewable energy
resources from Korea Electric Power Corporation (KEPCO) last year
in order to achieve the goal of using 100 percent renewable energy
across all of its domestic offices. LG Display replaced gas in its
manufacturing process with another type with a lower global warming
index and established facilities to reduce greenhouse gas emissions
by more than 90 percent. This eventually helped the company to cut
carbon emissions at domestic plants by 38 percent compared to
2014.
Moreover, LG Display achieved a waste recycling rate of 98.4
percent in 2021 across its domestic plants, an increase of 1.3
percent from the year before. The company has also been
consistently recognized for its efforts in the water management
sector. It reached a water reuse rate of 181 percent in 2021 thanks
to its efforts to repurpose sewage from nearby areas for industrial
water.
LG Display also implemented a measurement system called Eco
Index to assess the eco-friendly factors of its products from the
development stage and identify areas that need improvement. It was
used to evaluate the production of the company's 65-inch OLED
display, and, as a result, the type and ratio of raw materials used
were replaced with materials that are easier to recycle, raising
its recycling rate to 92.7 percent.
LG Display plans to continue strengthening its eco-friendly
practices, expanding its conversion of new and renewable energy to
ultimately reach its goal to reduce carbon emissions by 90 percent
by 2050.
The report also outlined the company's activities in the social
sector, highlighting its establishment of the LG Display Supply
Chain ESG Behavior Rules in order to establish a safe working
environment for its partners, make sure employees are respected,
and ensure the operation of an all-around eco-friendly and ethical
company. The company also expanded its partnership ecosystem within
the areas of finance, technology, and medical welfare – earning the
title of Best Grade in the Shared Growth Index for the seventh year
in a row.
It also disclosed the evaluation results and issues identified
through SAQ and third-party on-site inspections conducted as part
of its membership in the Responsible Business Alliance (RBA).
Within the governance sector, the company established its own
ESG Committee in April 2021 to
deliberate major strategies such as the identification of its nine
core ESG areas. Moreover, it also established the Internal
Transactions Committee in July 2021
to enhance the fairness of transactions and transparency within the
company. The company also focused on its efforts to enhance
diversity within its board of directors by appointing women ESG
specialists as outside directors.
This year's LG Display sustainability report will be published
in four languages -- Korean, English, Chinese, and Vietnamese --
and can be found on LG Display's website.
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's
leading innovator of display technologies, including thin-film
transistor liquid crystal and OLED displays. The company
manufactures display panels in a broad range of sizes and
specifications primarily for use in TVs, notebook computers,
desktop monitors, and various other applications, including tablets
and mobile devices. LG Display currently operates manufacturing
facilities in Korea and China, and
back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707
employees operating worldwide. For more news and information about
LG Display, please visit www.lgdisplay.com.
Media Contact:
TaeHyun
Tommy Jang, Assistant Manager, Global PR Team
Email: tommy.jang@lgdisplay.com
Lee Jean, Team Leader, Global PR
Team
Email: jean.lee@lgdisplay.com
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SOURCE LG Display
