Consumer electronics giant LG Electronics announced today a commitment to transition to 100% renewable energy by 2050, forming the next step in the company’s sustainability strategy.
LG stated that its energy transition will begin in North America, with plans to power every office and manufacturing site in the region with renewable energy by the end of this year. Within four years, it aims to have all manufacturing facilities outside of Korea converted to 50% renewable electricity.
The company outlined several initiatives it will pursue in order to meet its new goals, including the installation of high-efficiency LG solar panels on its buildings, the utilization of power purchase agreements to buy directly from suppliers, the usage of Renewable Energy Credit Certificates, and the participation in the Green Premium program to buy clean energy from Korea Electric Power Corporation (KEPCO).
Park Pyung-gu, senior vice president at LG Electronics Safety & Environment Division, said:
“Our commitment to creating a better life for all can best be actualized by LG transition to renewable energy and achieving carbon neutrality. In today’s world, innovation doesn’t just happen in the lab, they must also happen in our factories and plants. Today’s manufacturers have a once-in-a-lifetime opportunity to give the next generation a world worth inheriting and at LG, we take this responsibility very seriously.”