ENVIRONMENTAL
LFC considers environmental aspects in the entire process from product development and production to disposal. Based on the environmental management system and systematic decisionmaking system, we are building eco-friendly workplaces, minimizing our ecological footprint. In addition, as climate change caused by increased GHG emissions has negative environmental and social impacts, we are making continuous efforts to proactively respond to climate change through activities for improving energy efficiency, reducing GHG emissions, etc. with the goal of achieving carbon neutrality.
Environmental Management Organization
In December 2021, in a bid to ensure systematic decision-making on the environment and safety and the prompt execution of business, we appointed a Chief Safety Officer (CSO) directly under the CEO to lead the Safety and Environmental Management Team, which is responsible for establishing company-wide safety and environmental policies and making decisions on the related issues.
Green Purchasing
LFC practices strategic green purchasing based on its policy of securing eco-friendly, high-quality products at the best possible prices. In 2021, we invested KRW 8.2 billion in the purchase of green products such as low-power LEDs, low-power electrodes, and low-power separation membranes that can reduce energy consumption and minimize standby power. For wood pulp, raw materials of our green material products, in particular, we buy products of business partners with FSC1) and PEFC2) certifications, aimed at minimizing negative environmental impact. Going forward, we will set systematic measures such as reviewing the granting of additional points in the evaluation of supplier selection for those suppliers with green purchasing and ESG certifications in order to further expand green purchasing.
2) Programme for Endorsement of Forest Certification
Green Purchasing Policy
- Products that have received green product certification from the government or a certification body
- Domestic and overseas eco-label certified products
- Products produced using eco-friendly raw materials
- Products produced by companies with an “excellent” ESG management rating
- Products that relatively reduce environmental pollution and energy consumption when used for the same purpose
Investment in Energy Conservation and Waste Recycling Facilities
To reduce energy consumption and increase waste recycling, in 2021 LFC invested about KRW 15.3 billion in expanding its supply of organic by-products, installing external supply facilities, and improving air emission facilities for green materials. Going forward, LFC will take the lead in realizing eco-friendly workplaces based on continuous investment in the environment, while reducing the energy consumption and waste generation associated with the chemical manufacturing industry based on its continuous investment in factory facilities.
| Investment | Total investment | Investment in 2021 | Goal | Effects |
|---|---|---|---|---|
| Expansion of supply of organic by-products and installation of outside supply facilities | KRW 37,444 million |
KRW 15,277 million |
Recycle organic by-products | Waste recycling |
| Installation of organic matter incinerators | Reduce wastewater discharge (with the installation of wastewater treatment facilities); Reuse raw materials; and Produce additional energy |
Waste recycling, energy conservation (GHG reduction) |
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| Installation of No.1 ECH MVR | Recover waste heat (reduction of steam consumption) | Energy conservation (GHG reduction) |
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| Improvement of emission facilities in producing green materials | Recycle heat from emissions reprocessing/incineration (steam production) | Energy conservation (GHG reduction) |
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| Improvement of hot water system1) in producing MECELLOSE® | Eliminate heat loss factors (reduction of steam consumption) | Energy conservation (GHG reduction) |
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| Improved electrolytic chiller operation | Introduce energy-efficient facilities (heat source, power saving) |
Energy conservation (reduction of GHG) |
