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LOTTE Chemical raises 50 billion KRW for ESG for the first time in the chemical industry of Korea
2021.09.24
LOTTE Chemical raises 50 billion KRW for ESG for the first time in the chemical industry of Korea
■ The ESG Committee raises 50 billion KRW for ESG for the first time in the chemical industry of Korea as its first agendum…
to invest in carbon neutralization, e.g., hydrogen, CCUS, plastic recycling, and energy efficiency.
■ “LOTTE Chemical’s ESG Fund will function as a professional fund to discover significant business models and realize cooperation
■ “LOTTE Chemical’s ESG Fund will function as a professional fund to discover significant business models and realize cooperation
with partners in relation to the eco-friendly strategies,” said CEO Kim Gyo-hyun.
LOTTE Chemical announced on the 24th that they will raise 50 billion KRW for Korea’s first ‘ESG Fund’ in the chemical industry. The Fund has been raised to accelerate the execution of ‘Green Promise 2030’ announced in February and make substantial investment.
LOTTE Chemical organized the ESG Committee last 16th to fulfill its environmental and social responsibilities and establish a transparent governance for sustainable growth. LOTTE Chemical’s ESG Committee convened the first meeting on the 23rd and resolved to raise ‘LOTTE Chemical ESG Fund’ as the first agendum.
The Fund is the first ESG fund in the chemical industry of Korea and will be invested by LOTTE Chemical and operated by LOTTE Ventures.
LOTTE Chemical and LOTTE Ventures have operated Innovation Fund 1 and 2 to make preemptive investment in the promising technologies of the future, including new chemical materials, new-generation energy, and bio/healthcare.
The new ESG Fund will concentrate investment in carbon neutralization, including clean hydrogen production, CCUS (Carbon Capture Utilization Storage), plastic recycling, and energy efficiency, to secure core technologies to realize eco-friendly strategies with our partners.
“LOTTE Chemical’s ESG Fund will function as a professional fund to discover significant business models and realize cooperation with partners in relation to the eco-friendly strategies,” said CEO Kim Gyo-hyun.
LOTTE Chemical organized the ESG Committee last 16th to fulfill its environmental and social responsibilities and establish a transparent governance for sustainable growth. LOTTE Chemical’s ESG Committee convened the first meeting on the 23rd and resolved to raise ‘LOTTE Chemical ESG Fund’ as the first agendum.
The Fund is the first ESG fund in the chemical industry of Korea and will be invested by LOTTE Chemical and operated by LOTTE Ventures.
LOTTE Chemical and LOTTE Ventures have operated Innovation Fund 1 and 2 to make preemptive investment in the promising technologies of the future, including new chemical materials, new-generation energy, and bio/healthcare.
The new ESG Fund will concentrate investment in carbon neutralization, including clean hydrogen production, CCUS (Carbon Capture Utilization Storage), plastic recycling, and energy efficiency, to secure core technologies to realize eco-friendly strategies with our partners.
“LOTTE Chemical’s ESG Fund will function as a professional fund to discover significant business models and realize cooperation with partners in relation to the eco-friendly strategies,” said CEO Kim Gyo-hyun.
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