Lotte Chemical Publishes '2025 ESG Report'...Discloses Achievements in Advancing Management Framework
Expansion of Climate Disclosures Based on International Financial Reporting Standards
Broadened Scope of Double Materiality Assessments
Lotte Chemical has disclosed its achievements in advancing its ESG management framework, including the expansion of climate-related disclosures based on International Financial Reporting Standards (IFRS) S2 and the broadened scope of double materiality assessments.
On June 26, Lotte Chemical announced the publication of its '2025 ESG Report' containing these details.
Lotte Chemical has expanded the scope of its analysis of the financial impact of climate issues, in accordance with IFRS S2, the global disclosure standard established by the International Sustainability Standards Board (ISSB). Starting this year, the analysis now covers consolidated subsidiaries such as Lotte Fine Chemical and Lotte Energy Materials. This enables a more comprehensive analysis and disclosure of the risks and opportunities posed by climate change on a consolidated basis.
The scope of double materiality assessments has also been extended to consolidated subsidiaries. By considering both environmental and social impacts as well as financial impacts, the company has identified key ESG issues at the group level. Lotte Chemical has selected seven material issues on a consolidated basis and is establishing management targets for each.
In the area of biodiversity, the company is pursuing conservation projects tailored to the characteristics of each business site, based on the impact assessments conducted last year. In addition, Lotte Chemical has established a Carbon Task Force, and is strengthening its ESG management execution by refining 20 strategic ESG initiatives focused on carbon neutrality, a circular economy, and product sustainability.
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Lee Youngjun, CEO of Lotte Chemical, stated, "Lotte Chemical is enhancing its sustainable competitiveness through business structure innovation and the transition to a low-carbon-based business portfolio," adding, "We will continue to make sustainability a core value in all management decisions and further enhance our ability to execute these initiatives."
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