Green
Tomorrow.
LOTTE Fine Chemical is unlocking the full potential of chemistry, creating a better future for the Earth and mankind. Outlining a sustainable future with specialty chemicals that improve the quality of human life, we will complete the painting with rainbow colors of ESG values we create through eco-friendly green chemistry and “fine” chemistry of growing together with stakeholders.
CEO, LOTTE Fine Chemical Yong-Seok Kim
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REDEFINE GREEN
GROWTH THROUGH
GREEN CHEMISTRY
How can an energy-intensive industry keep in line with the global shift toward
carbon neutrality? How should a fine chemical company respond to toughening
environmental regulations and changing investment criteria around the world?
These are difficult questions, but LFC has actively sought answers to them. In
particular, with a goal of achieving carbon neutrality, we have established an
organization dedicated to energy efficiency as well as a long-term roadmap
for securing energy competitiveness, while complying with related regulations
such as carbon emissions trading systems and proactively responding to
climate change. In addition, we are taking the lead in producing and distributing
green ammonia to be used for transporting hydrogen in the hydrogen energy
ecosystem, which will replace existing fossil fuel-based energy systems, thereby
accelerating to the transition to the hydrogen society.
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REDEFINE INCLUSIVE
GROWTH THROUGH
FINE CHEMISTRY
Two of the most powerful forces driving LFC toward sustainable growth are
employees, the main agent of corporate management, as well as suppliers.
Despite growing uncertainties over a persistent COVID-19, climate change and
other challenges, we will seize opportunities through open communication and
solidarity. We therefore foster future leaders of the Korean chemical industry
through talent nurturing programs and organizational culture campaigns.
In addition, we transform the competence of suppliers into positive energy,
based on which we achieve win-win growth with them and solidify our status
as a global fine chemicals company. Going forward, we will continue to find
the way to grow together with our suppliers as a partner, making the history of
the Korean chemical industry.
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As uncertainty grows in the business surrounds of
corporations, so does the importance of responsible
management.
LFC, having learned the importance of responsible
management over the decades of its history, has
established a governance structure that is independent
and competent, in a concerted effort to conduct
business in a sustainable manner. Such an advanced
governance structure serves as the basis for making
rational decisions and swift actions through a careful
analysis of various risks and opportunities surrounding
us. Moreover, based on the transparent and sound
corporate governance, we are implementing sustainable
management while also internalizing ESG management
on the back of ESG governance system as a way to make
the sustainable management strategy led to action.
KEY FIGURES
BUSINESS HIGHLIGHTS
ESG HIGHLIGHTS
DOWNLOAD CENTER
FULL REPORT
- LOTTE Fine Chemical Sustainability Report 2021
PDF CHAPTERS
- CEO Message
- Introduction (Company Overview, Business Performance, ESG Performance, Business Overview)
- Our Approach to ESG (ESG Management Framework, Business Model, Stakeholder Engagement, Selection of Material Issues, Material ESG Issues)
- Our ESG Performance (Environmental, Social, Governance)
- Appendix (Financial & Non-Financial Performance Summary, Assurance Statement, Global Initiatives, Product List, History, Membership, About This Report)
- ESG Magazine
