About the company
Headquartered in Seoul, LG Chem is the largest chemical company in South Korea. The company belongs to the LG Group and operates within several business areas such as petrochemicals, energy solutions, advanced materials and life sciences. In addition to various petrochemicals, its products include agrochemicals as well as pharmaceuticals and industrial and electronic products. It is solely a business-to-business company (the consumer products division has been spun off into a separate entity).
Transparency
6 out of 25 points
Action points
- Start publishing volumes of hazardous substances that leave the company’s facilities as products or services
- Report on the company’s global hazardous substances portfolio (beyond EU/US) on a substance-by-substance basis
- Be encouraged to have a lower reporting threshold (<1000 ppm) for the hazardous substances present in the company’s products and include more hazard classes as well as report the effected revenue on a more detailed level, substance by substance
Phase-out of persistent chemicals
3 out of 25 points
Action points
- Start reporting and/or limit the share of revenue from persistent chemicals considerably
- Stop producing persistent chemicals and set up a timed phase-out plan
- Stop buying/importing persistent chemicals and set up a timed phase-out plan
Product portfolio
5 out of 25 points
Action points
- Reduce the number of hazardous substances the company is using, producing and placing on the market
Safer solutions
0 out of 25 points
Action points
- Either start reporting the company’s share of safer solutions or increase it substantially. As a minimum, REACH candidate list substances must be excluded from such products
- Publicly commit not to develop or market new products containing hazardous substances. As a minimum, REACH candidate list substances must be excluded from such products
- Publicly commit to increasing the share of sales of safer solutions
Category breakdown