SEOUL, Sept 15 (Reuters) - Samsung Electronics
announced on Thursday it joined the RE100 initiative, a group of
global corporations committed to 100% renewable energy in the
Excluding Samsung, 22 out of the 379 companies that have
joined RE100 are South Korean, or 6%, according to Reuters'
calculation from a list by the CDP, an environmental non-profit
organisation that brings together companies seeking to join
All 22 have joined since 2020.
Here is a rundown of its South Korean compatriots'
environmental targets and announced initiatives.
Hyundai Motor Co, its sister company Kia Corp
and auto parts affiliates Hyundai Mobis and Hyundai
Wia joined RE100 in 2022.
While all four companies aim to transition to 100% renewable
energy by 2050, each will make independent efforts to achieve
targets ahead of schedule, by as early as 2040, depending on
energy supply and demand conditions at their respective overseas
operations, Hyundai said in a statement in April.
Hyundai Motor Group, South Korea's third-largest
conglomerate, is considering various ways to procure renewable
energy, such as self-production through solar panels and power
purchase agreements (PPA) with wind and solar energy producers,
LG ENERGY SOLUTION
Battery maker LG Energy Solution Ltd (LGES)
joined RE100 in 2021.
It said in August that it plans to complete the conversion
of global production facilities to 100% renewable energy by
2025, and is targeting turning all value chains -- from raw
materials, such as mines, to battery production -- to net zero
carbon emissions by 2050.
The South Korean firm, which supplies electric vehicle (EV)
batteries to automakers including Tesla Inc, General
Motors Co, Ford Motor Co and Volkswagen AG
, said it is on track to raise its conversion rate to
renewable energy to 60% or more by the end of this year, up from
33% in 2020.
"Batteries are a tool for sustainable life for mankind and a
key industry in the future," LG Energy Solution CEO Kwon
"LG Energy Solution will do its best to realise 'carbon
negative', beyond carbon neutrality, throughout management."
Affiliate LG Innotek, maker of camera modules
and other device components, joined RE100 in 2022.
SK Group, South Korea's second-largest conglomerate, has
been enthusiastic concerning environmental initiatives.
Seven SK affiliates joined RE100 in 2020 and 2021, including
SK Hynix, SK Telecom, battery component
developer SK IE Technology, holding company SK Inc
, chip materials maker SK Materials, chip wafer maker
SK Siltron and battery material maker SKC.
The world's second-largest memory chip maker SK Hynix is
aiming to procure 33% of the energy needed for its global
operations from renewables by 2030, and targets 100% renewable
energy by 2050.
"The international community is strengthening environmental
regulations," SK Group said in a statement in 2020.
"Countries like Korea that heavily rely on trade do not have
any other options but to adopt low carbon emission and
eco-friendly management of business such as the RE100 initiative
in order to bolster the country's export competitiveness."
Other South Korean companies that have joined RE100 are
Korea Zinc, telecom company KT,
cosmetics firm Amorepacific, Incheon International
Airport, KB Financial Group, Korea Water Resources
Corporation, Mirae Asset Securities, tech firm Naver
and Lotte Chilsung Beverage.
(Reporting by Joyce Lee and Heekyong Yang; Editing by Ana
Nicolaci da Costa)