LG Electronics (LG) continues to receive recognition for its commitment to sustainability and environmentally conscious practices. The 2024 LG OLED evo TVs have received Reducing CO2 and Measured CO2 certifications from Carbon Trust and the Environmentally Evaluated Mark from Société Générale de Surveillance SA (SGS), marking the fourth consecutive year of recognition for LG's ESG initiatives. The new LG OLED TVs have also received their second consecutive Recycled Content certification, further demonstrating LG's environmental responsibility.
Carbon Trust is committed to leading the world towards a zero-carbon future by assessing the environmental impact of a product's entire lifecycle, from production and distribution to usage and disposal. SGS certification focuses on resource efficiency and the presence of hazardous substances, while Intertek measures the percentage of recycled materials used. The organizations' respective approaches promote responsible consumption practices across various industries and contribute to the broader goal of sustainable development worldwide.
Notably, LG OLED self-lit TVs are garnering significant attention in stringent eco-friendliness assessments. Unlike LCD TVs, LG OLED TVs do not require backlighting, which translates to a simpler structure and fewer components needed. For example, a 65-inch LG OLED evo, made with lightweight composite fiber, requires only 40 percent of the plastic typically used in LCD TVs of the same screen size and weighs 20 percent less.
Based on projected LG OLED TV sales this year, the total amount of plastic used in LG OLED TVs from 2022 to 2024 is expected to be 45,000 tons less than that of LCD TVs sold over the same period. The reduction in plastic usage will lead to a reduction in carbon emissions of approximately 234,000 tons per year, equivalent to the carbon dioxide absorbed by a 30-year-old pine forest. This number accounts for one-third of the area of Seoul or about 31,000 football fields.
Recycled plastic accounts for about 20% of the plastic used in the production of all LG TVs, including LG OLED TVs, which amounts to about 4,000 tons of recycled plastic waste annually.
In addition to its environmental activities, LG's various ESG initiatives have been highly recognized by reputable organizations. In 2023, LG was included in the Dow Jones Sustainability Indices (DJSI World) for the twelfth consecutive year. The DJSI World index includes the top 10% of the 2,500 largest global companies based on their long-term economic, environmental, social and governance practices. The company's inclusion in this prestigious list for twelve consecutive years is a significant milestone, as LG is the only South Korean company in the Leisure Equipment & Products and Consumer Electronics categories.
Furthermore, LG has received a 'Comprehensive A grade' for three consecutive years in the ESG evaluation and rating by the Korea Corporate Governance Service (KCGS), and last year, the company received its fourth consecutive 'A' grade from the Morgan Stanley Capital International (MSCI) ESG Ratings.
“LG OLED TVs are an excellent choice for premium viewing and raise the bar for ESG standards,” said Baik Seon-pill, head of the LG Home Entertainment Company's product planning division. “LG will continue to make efforts to create a better planet for all.”
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