LG Electronics pledged it will transition to operating with 100 per cent renewable energy by 2050. The transition will first be implemented in North America, with their offices and manufacturing sites in the region to be powered by renewable energy by the end of 2021.
The company added that manufacturing facilities outside of South Korea are also on target to convert 50 per cent of their electricity needs to renewable energy by 2025. The company added that it has plans to install solar panels on its buildings, utilise power purchase agreements that allow companies to purchase electricity directly from suppliers, utilise renewable energy credit certificates, and participate in South Korea’s Green Premium program.
“Our commitment to creating a better life for all can best be actualised by LG transition to renewable energy and achieving carbon neutrality,” Park Pyung-gu, senior vice president of safety and environment at LG, said. “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.”
The promise to reach “100 per cent renewable energy” has slowly become more common among big tech companies, with Amazon, Microsoft, and Oracle, among others making pledges to a similar objective.