In 1987, the World Commission on Environment and Development (WCED) proposed the concept of sustainable development in a report titled “Our Common Future”. Highlighting the importance of ensuring the sustainability of future generations, it defined sustainable development as ‘development that meets the needs of the present without compromising the ability of future generations to meet their own needs.’ Our products and services are carefully designed with the consideration of contributing to a sustainable future alongside our customers, society, and the environment.
In 2011, we introduced our Eco-Index, an evaluation index unique to our company that seeks to evaluate the eco-friendliness of our products. Developed by LGE, the Eco-Index quantiﬁes our products’ eco-design into grades through an eco-friendliness evalutaion. It classiﬁes groups and models of products into three grades according to their level of eco-friendliness: Green 1 Star, Green 2 Star, and Green 3 Star. We realistically operate and manage eco-index standards by analyzing and reﬂecting changes in the product development environment. In addition, we strive to increase the proportion of Green 3 Star products, i.e., products that are evaluated as being the highest level according to the Eco-Index. We will continue to conduct eco-friendly evaluation and performance management based on the Eco-Index in order to develop and expand upon green products with the ultimate goal of satisfying customers.
We pursue business strategies that considers eco-friendly elements, and we implement activities in accordance with these strategies, thereby continuing to minimize waste generated during delivery to customers after production. Following the development of the Eco-friendly Packaging Design Guide, which contains guidelines for reducing packaging material use and volume, and expanding reuse and recycling, we have been steadily expanding the application of this guide to all of our products. In addition, we are actively participating in a pilot project aimed at evaluating the reusability of packaging materials with the ultimate goal of reducing the amount of waste we generate. Going forward, we will strive to minimize the burden placed on the environment via business activities that take eco-friendly factors into consideration, such as expanding the reuse of product packaging materials in order to reduce waste.
Here at LGE, we are implementing policies aimed at ensuring compliance with regulations on the collection and disposal of discarded home appliances in different parts of the world, while also continuing our efforts to contribute to the creation of a better future environment by building infrastructure for waste collection. In order to achieve a cumulative collection of 4.5 million tons of e-waste by 2030, we are conducting various activities to collect discarded home appliances such as increasing the recycling rate of collected products and designing products in consideration of the proportionate use of raw materials and their recycling potential. Going forward, we aim to fulfill a resource circulation economy that takes into consideration economic feasibility and environmental factors throughout all stages of a product, from mining and procurement of resources to manufacturing, distribution, use, and disposal.
Here at LGE, we are strengthening our competitiveness in the solar industry by providing high-performance and high-quality solar modules and diversifying our business portfolio, and continuously providing customers with value for the energy use. In particular, we are continuously improving the output of modules in order to strengthen product competitiveness, and are reducing total costs through various activities aimed at reducing product cost. Moving forward, we will continue to expand our business in terms of solar power generation parts and solutions, in addition to diversifying our business portfolio by entering the market for applicable products.