Biodiversity Conservation｜LG Energy Solution

Biodiversity Conservation

To preserve biodiversity, products must be produced in a sustainable manner that does not disrupt the balance of ecosystems. In line withe this principles, LG Energy solution is committed to reducing the consumption of natural capital and ensuring that used resources can be returned to nature. To this end, we have established a Biodiversity Protection and Deforestation Prevention Policy based on Kunming-Montreal Global Biodiversity Framework and the Science Based Targets Network (SBTN), and is actively carrying out biodiversity conservation initiatives in collaboration with local communities.

Biodiversity Management Roadmap

LG Energy Solution is committed to addressing the interlinked global environmental crises such as climate change, biodiversity, and deforestation, recognizing the need for comprehensive and complementary solutions.

01 Setting the Scene for Management

Establishment of a Biodiversity Management System
- Governance Establishment
- ESG Task Selection(ʻ22)
- Policy Development(ʻ24)

LEAP-based Assessment (Pilot)
- Targeting Production Sites (FY2024)
- Disclosure of Pilot Assessment

02 Advanced Risk Management

Quantitative Evaluation of Risk and Opportunity Factors
- Quantitative Evaluation of Risk and Opportunity Factors
- Identification of Detailed Key task for establishing the targets

03 Establishing a Disclosure System

Strengthening the Biodiversity Management System
- Establishing Biodiversity Targets (Metrics & Targets)
Value chain Risk Assessment
Disclosures Based on TNFD Guidance

Biodiversity Management Strategy

Accurately understanding the impacts and dependencies on natural capital and biodiversity provides an essential foundation for effectively identifying and addressing related risks and opportunities. In line with the LEAP (Locate, Evaluate, Assess, Prepare) approach of the Taskforce on Nature-related Financial Disclosures (TNFD), LG Energy Solution assessed the level of dependency on nature across its global production sites. The assessment results are disclosed in the ESG Report.

Biodiversity Conservation Activities – Activities to Protect Endangered Species in Cheongju

The Ochang Energy Plant of LG Energy Solution is taking part in Endangered Species Conservation Project organizedby the Geum River Basin Environmental Office to protect class II endangered wildlife, giant water bug, and preserve local biodiversity in Cheongju area. We have signed an MOU with the Geum River Basin Environmental Office and Cheongju municipal government to provide financial support and aid in the releasing of endangered species and improving their habitat. LG Energy Solution will continue to contribute to the conservation of ecosystems and biodiversity.

Assessment Results

Biodiversity Metrics & Targets

With a view to effectively managing nature-related dependencies and minimizing environmental impacts, LG Energy Solution has set three key objectives.


Key Objectives	Targets	Metrics & Performance
Contributing to a low-carbon economy	Achieving carbon neutrality across the entire value chain by 2050 and becoming carbon negative.	Climate Action 새 창으로 열기
Reducing environmental impact	Zero waste to landfill certification at all production sites* by 2026	Environmental Impact 새 창으로 열기
Monitoring the environmental impact of our supply chains	1. Addressing Climate Change Carbon Neutral Roadmap 2030: Achieve RE100 for all Tier-1 suppliers 2040: Extend RE100 for core value chains 2050: Realize carbon neutrality across the entire value chain 2. Responsible Supply Chain Management Operation of environmental management system aligned with global regulatory requirements Conduct supply chain due diligence in consideration of regulatory requirements Securing traceability of materials Due diligence and certification standards expanded to include environmental impacts	Sustainable Value Chain 새 창으로 열기

Biodiversity Policy