LOTTE Chemical Takes a Big Step for a Greener World

Published ‘2021 Sustainable Management Report’ containing Every Step for GREEN Activities

■ Disclosed by concertizing ESG strategies and mid- to long-term growth strategies of LOTTE Chemical by publishing the

    15th sustainable management report... Actively communicating with stakeholders as well

■ Vice Chairman Kim Gyo-hyun, “We will listen to the opinions of stakeholders and practice safe company and eco-friendly

    values to become a sustainable chemical company that contributes to the human society”

LOTTE Chemical announced that it issued the ‘2021 Sustainable Management Report’ to concretize and disclose its ESG strategies and mid- to long-term growth strategies, while actively communicating with stakeholders.

This year marks the 15th year of this report and LOTTE Chemical unveiled its new corporate vision/slogan 『Every Step for GREEN』 with the goal of heading toward an abundant and green world through advanced technologies. Furthermore, it contains its financial goal for 2030 as ‘achieving 50 trillion KRW in revenue’ and the non-financial goal of ‘carbon-reduced growth’ as part of its <2030 Vision>.

It also detailed the ESG management activities. It introduced environmental sectors such as the construction of a plastic circulation ecosystem, engagement in hydrogen business, etc., social sector such as Project LOOP, which is a safety system, culture, and organization empowerment for preventing major disasters and resource circulation awareness, and the governance sector such as installation of ESG Committee, improving the board of director regulations, implementation of electronic voting system.

In particular, new growth engine road map such as hydrogen energy, battery materials, etc. 2030 carbon-reduced growth and 2050 net-zero carbon neutrality road map, etc. as part of the sustainable management goals and new business growth engines of LOTTE Chemical.

LOTTE Chemical Vice Chairman Kim Gyo-hyun stated, “LOTTE Chemical is engaging in business growth by systematically upgrading ESG strategy goals by constructing a sustainable business base, enhancing competitiveness of existing businesses, efforts to build the safest company in the entire world, etc.” and added, “We will listen to the opinions of stakeholders and practice safe company and eco-friendly values to become a sustainable chemical company that contributes to the human society.”

Meanwhile, this sustainable management report is characterized by producing the ‘ESG Data Book’ as a separate book comprising ESG-related data that can be used to easily access data that stakeholders want.