Lotte Wellfood
Lotte Wellfood Co., Ltd., a prominent player in the food industry, is headquartered in South Korea (KR) and operates extensively across Asia. Founded in 2000, the company has established itself as a leader in the production of high-quality processed foods, including ready-to-eat meals, snacks, and health-oriented products. Lotte Wellfood is renowned for its commitment to innovation and quality, utilising advanced technology to ensure the freshness and nutritional value of its offerings. The company has achieved significant milestones, including expanding its product range to cater to diverse consumer preferences. With a strong market position, Lotte Wellfood continues to excel in delivering unique culinary experiences, making it a trusted name in the food sector.
DitchCarbon Score
How does Lotte Wellfood's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Food Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lotte Wellfood's score of 24 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lotte Wellfood's reported carbon emissions
In 2023, Lotte Wellfood reported significant carbon emissions, with a total of approximately 1,123,000,000 kg CO2e attributed to Scope 3 emissions. This includes emissions from various categories such as purchased goods and services (about 902,474,300 kg CO2e), upstream transportation and distribution (approximately 312,119,600 kg CO2e), and processing of sold products (around 125,505,000 kg CO2e). In 2022, the company disclosed Scope 1 and Scope 2 emissions totalling approximately 216,952,000 kg CO2e, with Scope 1 emissions at about 64,891,000 kg CO2e and Scope 2 emissions at approximately 152,151,000 kg CO2e. Despite these figures, Lotte Wellfood has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. The company does not inherit emissions data from a parent organization, and all reported data is directly from Lotte Wellfood Co., Ltd. Overall, while Lotte Wellfood has made strides in emissions reporting, the absence of defined reduction initiatives suggests a need for enhanced climate action strategies moving forward.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 64,891,000 | - |
| Scope 2 | 152,151,000 | - |
| Scope 3 | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lotte Wellfood is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
