#Sustainability #USA #Englewood Cliffs #Dow Jones #LG Electronics

LG Electronics Surpasses Sustainability Standards

In a remarkable feat, LG Electronics has secured its place in the Dow Jones Sustainability World Index (DJSI World) for the thirteenth consecutive year, reinforcing its dedication to environmental, social, and governance (ESG) practices. This recognition showcases LG as a leader among the top 10% of the largest 2,500 global organizations.

What sets LG apart is its distinction as the only South Korean company to maintain this position within the Leisure Equipment Products and Consumer Electronics category. Furthermore, the company has consistently excelled in its environmental policies, management practices, and human resources, earning the highest overall score in its industry category.

In addition to the DJSI World recognition, LG has also been listed in the DJSI Asia Pacific for 15 years and the DJSI Korea for 16 consecutive years, indicating its strong performance in the Asia-Pacific region and its home country.

Commitment to ESG Practices

LG's dedication to ESG values can be seen through its ambitious goals aimed at fostering a better life for all. The company has adopted a strategic framework labeled as 3C and 3D:

• - 3C for the Planet: Carbon neutrality, Circularity, and Clean technology.
• - 3D for People: Decent workplace, Diversity inclusion, and Design for all.

As part of its commitment to achieve carbon neutrality in product manufacturing by 2030, LG aims to transition to 100% renewable energy by 2050. Specifically, the company has set aggressive targets to reduce both direct greenhouse gas emissions (Scope 1) and indirect emissions (Scope 2) by 54.6% relative to 2017 levels. Strategies to accomplish these goals include implementing energy-saving technologies and integrating renewable energy into production processes.

Remarkably, LG also gained recognition as the first company in the home appliance sector to earn UN carbon credits in 2015, showcasing its proactive approach to sustainability.

Making Products Greener

Furthering its green initiative, LG plans to decrease greenhouse gas emissions from its seven major product groups by 20% compared to 2020 levels during their operational phase. These products include TVs, refrigerators, washing machines, dryers, air conditioners, and monitors, all of which have undergone energy efficiency improvements.

As a member of the UN Global Compact and the Responsible Business Alliance, LG adheres to international human rights and labor standards, signifying its commitment to strengthen human rights processes in response to evolving global ESG legislation.

In 2024, LG received an 'A' grade for the fourth consecutive year from the Korea Corporate Governance Service, highlighting the institutional support for its sustainability efforts. Additionally, the global ESG evaluation agency Morgan Stanley Capital International has awarded LG the same high grade over five years, confirming its reliable standing in the realm of corporate sustainability.

About LG Electronics USA

As a key player in the global technology landscape, LG Electronics USA, based in Englewood Cliffs, N.J., plays an integral role in LG’s operations, boasting a diverse portfolio encompassing home appliances, entertainment products, and climate control systems. Boasting a commitment to sustainability, LG is recognized as an 11-time ENERGY STAR Partner of the Year, emphasizing its mission to enhance quality of life today and in the future. For further insights, explore LG’s offerings at www.LG.com.

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LG continues to lead the way in setting high environmental and social standards in the electronics industry, demonstrating a sustainable business model that serves both its customers and the planet.