Global warming places life on earth in danger, posing a threat to fresh water, food, and energy supplies. Greenhouse gas (GHG) emissions are the primary cause of global warming. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
The technology and communication industry accounts for approximately 2% to 3% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy consumption, product manufacture, and product use. Digital technology, according to the International Telecommunication Union, has the potential to reduce world carbon emissions by roughly 17%. Technology companies can help other industries improve their operational efficiency, cutting GHG emissions.
LG Display Co Ltd (LG Display) is a thin-film transistor liquid crystal display manufacturer that designs and manufactures flexible displays, organic light emitting diode (OLEDs), and other display panels. In 2020, the technology company reported total GHG emissions of around 7 million tonnes CO2 equivalents (MtCO2eq), down 14% from 2019.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from sources that the firm owns or controls, such as fuel burnt by the company's vehicles. Indirect GHG emissions from the generation of purchased energy, such as the electricity needed to power the company's facilities, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as the production of packaging, product transportation, and product use.
Scope 2 emissions account for most of LG Display’s overall GHG emissions, accounting for 65% of total GHG emissions (4.56 MtCO2eq) in 2020. In 2020, the company's Scope 1 emissions fell by 26% and Scope 2 emissions have decreased by 6%.
In 2020, LG Display installed and operated reduction facilities at the Paju and Gumi plants to reduce GHG emissions. LG Display aims to reduce GHG emissions by 75.6% by 2050.
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