We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The CEO of LG Electronics, Cho Joo-wan, is the Vice President of the Korea Electronics Association. (KEA website, last accessed September 2022)
Cho Joo-wan
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The CEO of LG Electronics, Cho Joo-wan, is the Vice President of the Korea Electronics Association. (KEA website, last accessed September 2022)
Cho Joo-wan
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea International Trade Assocition. (KITA website, last accessed July 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea International Trade Assocition. (KITA website, last accessed July 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea Enterprises Federation (KEF). (LG Electronics 2020-2021 Sustainability Report, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea Enterprises Federation (KEF). (LG Electronics 2020-2021 Sustainability Report, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea Chamber of Commerce and Industry (KCCI). (LG Electronics 2020-2021 Sustainability Report, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea Chamber of Commerce and Industry (KCCI). (LG Electronics 2020-2021 Sustainability Report, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea Semiconductor Industry Association (KSIA). (KSIA website, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics is a direct member of the Korea Semiconductor Industry Association (KSIA). (KSIA website, last accessed September 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics, as a subsidiary of LG, is a member of ZETA (updated October 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
LG Electronics, as a subsidiary of LG, is a member of ZETA (updated October 2022)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Policy Engagement Overview: LG Electronics appears to have very limited engagement with climate policy in South Korea. The company has expressed support for the Korea Emissions Trading Scheme (K-ETS) but does not appear to actively engage with the policy.
Top-line Messaging on Climate Policy: InfluenceMap found limited evidence of clear top-line messaging on climate policy by LG Electronics. In its 2020-2021 Sustainability Report published in May 2021, the company appeared to support the science of climate change, recognizing the relation between human activities and climate change.
Engagement with Climate-Related Regulations: InfluenceMap found limited evidence of LG Electronics’ engagement with climate-related regulations. In its 2021 CDP Climate Change response, the company stated support for the K-ETS and the policy’s contribution to GHG emissions reductions. In a February 2022 response to a survey from the European Environmental Bureau, LG Electronics stated support to end subsidies for fossil-powered boilers and water heaters in the EU, and supported a phase-out of fossil fuel boilers in the EU "as early as it is determined to be feasible" and "provided that the socio-economic impacts on the EU population are properly evaluated and addressed
Positioning on Energy Transition: InfluenceMap did not find evidence of LG Electronics’ engagement with the transition to a low-carbon energy mix.
Industry Association Governance: LG Electronics has disclosed a list of its industry association memberships in its 2021-2022 Sustainability Report, but with no further details of the company’s role within each organization’s governing bodies nor influence over their climate change policy positions. In its 2021 CDP Climate Change disclosure, LG Electronics disclosed its membership to the Korea Electronics Association. However, it did not disclose and assess its relationship with the Korea Chamber of Commerce and Industry (KCCI), the Korea Enterprises Federation (KEF), the Korea International Trade Association (KITA), and the Korea Semiconductor Industry Association (KSIA).