Tuesday, November 19, 2019
LG Innotek Publishes the 10th Sustainability Report
  SocialTwist Tell-a-Friend  

The company looks back on its 10 years in the 10th anniversary of its sustainability report publication.

SEOUL, South Korea, Oct. 22, 2019 /PRNewswire/ -- LG Innotek announced today that it published the 2018-2019 Sustainability Report, which shows its major achievements in the economic, environmental and social sectors.

The company has published sustainability reports every year to share management activities and communicate with stakeholders for a better future.  The 2018-2019 Sustainability Report is the tenth edition since its first publication in 2010.

In particular, LG Innotek celebrated the 10th anniversary by comparing and organizing its sustainability performance between 2009 and 2018. Through this, people can see LG Innotek's changes over the past decade at a glance.

First, in the economy sector, sales and R&D investment increased drastically. In 2018, LG Innotek recorded sales of 7.9 trillion KRW, up 3.6 times from 2.2 trillion KRW in 2009. R&D investment also quadrupled to 526.2 billion KRW last year compared to 10 years ago. According to the Korea Institute for Advancement of Technology (2017), LG Innotek ranked 12th in R&D investment among the top 100 Korean companies.

In the  environmental sector, the company continued to expand investment for building  eco-friendly work sites and to  reduce greenhouse gas  (GHG)  emissions. LG Innotek invested a total of 17.9 billion KRW last year to introduce new and renewable energy and high-efficiency facilities. It is about three times more than that in 2009, 6.1 billion KRW. The GHG emissions  per unit, which represents GHG emissions to sales, was 4.6tCO2eq per 0.1 billion KRW, nearly half the amount of 8.9tCO2eq per 0.1 billion KRW 10 years ago.

LG Innotek received "CDP (Carbon Disclosure Project) Water Award" and "CEM (Clean Energy Ministerial) Insight Award" last year for its eco-friendly management performance, and was selected as an "Excellent Company in Korea-EU Carbon Credit Trading System" this year.

In the  social sector, the company actively carried out social contribution activities for the underprivileged, the disabled, and the youth to resolve social issues. The annual number of employees participating in the volunteer services has increased nearly 5 times from 1,239 in 2009 to 5,730 in 2018. Employee volunteering hours also increased by 56 times in 10 years from 750 hours per year to 41,700 hours per year.

The company also continued to carry out shared growth activities to build a win-win cooperation culture with its suppliers.  The company has made various win-win efforts in the fields of finance, technology, management and education, including a 63 billion KRW win-win growth fund, CSR consulting and online/offline education support. As a result, it received the highest rating for three consecutive years, according to the 2019 Shared Growth Index.

Chung Cheol-Dong, LG Innotek's CEO, said, "We will become a 'fundamentally sound company' that pursues sustainable growth with the trust of stakeholders." He also said,  "We will communicate with our stakeholders through various channels and actively reflect their opinions and advices in our management."

LG Innotek's Sustainability Report was verified by the Korea Productivity Center, a third-party verification agency, to increase its credibility. It also complies with the Global Reporting Initiative (GRI) standards, an international reporting standard for sustainability management. The report can be found in  the  LG Innotek's website (http://visit.news/innotek3)

Photo URL : http://visit.news/jra3

More News by PR Newswire India

Ascom Commended by Frost & Sullivan for Dominating the Enterprise Wireless Phone Market with 20 Percent of the Shipment Share

Eastman collaborates with NB Coatings to offer sustainable automotive plastic

Parallel Wireless Helps to Deliver on MTN's OpenRAN Vision across Africa

Godrej Locks to Commemorate 3rd Home Safety Day on 15th November

Siklu Announces the Terragraph Product Family

Merck Licenses CRISPR Gene-Editing Technology to Evotec

Global urology leader Advanced MedTech co-leads SonoMotion's US$10 million Series B fundraising

PeopleStrong Appoints Ex-Aon Hewitt CEO Sandeep Chaudhary as President

Neurovalens Unveils Modius SLEEP, a Genius Next-Gen Device Powered by Neuroscience to Optimize Sleep Health and Address the Global Sleep Crisis, Without Medication

Quectel Opens R&D Center in Belgrade to Expand Global Presence

Appointment of Deepak Malhotra as a Director on Azure Power Global's Board

FreedomPay Announces An Agreement With Marriott International For Commerce Technology Innovation

Xinhua Silk Road: Wetland city Changde hosts international marathon event

Xinhua Silk Road: NE China's Heilongjiang launches winter tourism roadshow in Beijing

Volkswagen Joins SEMI; Membership to Advance Automotive Electronics

A Call to Action on Advancing Cyberstability: Global Commission (GCSC) Launches Final Report

MSI Unveils the Complete Product Line up of the New 'Content Creation' Series in India

UST Global Acquires Contineo Health, a Leading Healthcare Technology Consulting Firm Specializing in EHR Optimization

Seclore and Safetica Join Forces to Automatically Detect, Protect and Track Sensitive Information the Last Mile

GCPL's BBLUNT Re-energizes Growth With a Keen Eye on E-commerce and New Innovations in Their Hair Care and Styling Range

Xinhua Silk Road: Chery's engine listed among China's top ten engines for 2019

New World Gold Council Survey Highlights Substantial Opportunities for Gold

ThoughtWorks Honored With Excellence in Gender Inclusivity Award by NASSCOM

2019 World Sensors Summit Unveiled - Zhengzhou Embraces Whole World

Vymo Wins Aditya Birla's Bizlabs Fintech Award for Mobile-first Personal Sales Assistant

SummitAI Sierra Brings Enhanced AI Capabilities to Flagship ITSM Solution

Xinhua Silk Road: Sensor industry projects flock to settle in Zhengzhou, C. China

Statement: Vision Impact Institute Supports Women in Japan Demanding Rights to Wear Glasses at Work

WeBank's Henry Ma on Digital Banks: Promote Financial Inclusion and Achieve a Sustainable Business

Teleperformance in India Recognised as Best Employer 2019

Habanos, S.A. Presents Its World Preview of the Romeo y Julieta Maravillas 8, an Exclusive Edition to Celebrate the Chinese New Year

Hitachi Chief Revenue Officer to Share Winning Digital Strategies at the Sales Team Accelerator Retreat: A Frost & Sullivan Executive MindXchange

Prepare Your Business for the Workplace of 2025: Top Trends Impacting Latin America

ATAI Life Sciences and Cyclica launch joint venture to revolutionize drug development for mental health disorders

Ribbon Deploys Colt Japan's Emergency Calling Service

The Second China International Import Expo concludes successful run

The Fifth Edition of Solaris - IIM Udaipur's Annual Management Fest Concludes on High Note

Embassy Office Parks REIT Announces Second Quarter FY 2019-20 Results; Reports Another Strong Quarter of Leasing and a Quarterly Distribution of Rs. 4,630 Million

Admissions 2020-21 Open at India's First Design University

'Right To Protein' Health Campaign Launched to Create Awareness About the Importance of Proteins in an Indian Diet

Jaquar Group's Mehra Family Joins the Forbes List of top 100 Billionaires of India

Jana Small Finance Bank Raises Rs 225 Crores Capital

2019 World Sensors Summit and Expo Held in Zhengzhou, China

Global Modular and Prefabricated Building Market Set for Robust CAGR of 6.3% from 2018 to 2025

TATA Projects Builds 1000-bed Hospital

Swascan Collaborates With Video Conferencing Provider to Proactively Address Software Vulnerability

Kavalan's Latest Bottle Features a Studded Crown Fit For a King

CreditMantri Wins the Prestigious Jason J. Spindler 'Big Data for Impact' Award and the Alphamundi Foundation Impact Finance Awards at UNDP-SDG Finance Geneva Summit in Oct, 2019

Executive Education Programs from Michigan State University Coming to India

We Lose 11 Years on Smart Devices: Singapore health tech company calculates the cost of screen time with this revolutionary tool


Indian Neo Banks are Democratising ERP and Financial Services for Underserved SMBs - Ezo Banks

JA Solar Supplies High-efficiency PERC Modules for a 32MW Solar-Plus-Storage Project in Hokkaido

SpeakIn Finds its Latest Investor in Aditya Ghosh, CEO South Asia OYO

Telangana Chief Minister has transformed...
Chidambaram urges Congress to lead attac...
Majority SC judgment in Sabarimala templ...
Ghaziabad: UP Chief Secretary suspends e...
Urinating, defecating in open to cost Rs...
Improvements in Indian health system 'si...
 Top Stories
Bengaluru Tech Summit kicks off (Le... 
Heidelberg eyes expansion through a... 
Another human rights activist kidna... 
N-E students' union takes to street... 
Two women from Andhra turned away b... 
Himachal Cabinet recommends winter ... 
High stakes for Congress in Karnata... 
Miracle that AIADMK government surv...