A leading electronic manufacturer pledge to 100 Percent Renewable Energy by 2050
Posted By : Fiona Fernandes | Date : Aug 7 2021 1:01 PM
LG Electronics (LG) made public its commitment to expand its promise of Zero Carbon by 2030 to being 100 percent renewable by 2050 as a key component of its sustainability strategy.
This transition will be kickstarted in North America where every office and manufacturing plant will be powered by renewal energy. Their facilities outside Korea are also working on converting their electrical needs to renewable energy in the next four years.
To achieve this they are devising a strategy globally which includes installing high-efficiency LG solar panels on its buildings, utilizing power purchase agreements that allow companies to purchase electricity directly from suppliers, utilizing Renewable Energy Credit (REC) certificates and participating in the Green Premium program in Korea, LG’s home market to purchase clean energy directly from the Korea Electric Power Corporation (KEPCO).
The company is also installing solar modules with a capacity of 3.2 MW at one of the manufacturing locations in Noida, India, and generating electricity to power LG’s administrative office as well. They are working on expanded as a part of the Clean Development Mechanism (CDM) thus allowing LG to secure carbon reduction certificates from the United Nations Framework Convention on Climate Change (UNFCCC).*
They commit to create a better life for all and can be best actualized by LG transition to renewable energy and achieving carbon neutrality this was quoted by Park Pyung-gu, senior vice president at LG Electronics Safety & Environment Division. “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.”