Η LG Electronics (LG) with an enduring vision for a better life for its customers, it pursues sustainable innovation in all areas of its diverse business activities
For a responsible corporate citizen, running a global business is not only about providing quality products and services to customers worldwide, but also about creating a positive social impact around the globe.
As the pressing problems of our environment and society accelerate in these changing times, companies' sustainable strategies must evolve accordingly. Recognizing this, LG has revealed the most updated vision to achieve greater social impact.
LG's new sustainable vision, recently revealed, is perfectly aligned with the phrase: Better Life for All. While LG has consistently demonstrated its commitment to providing a better lifestyle to customers through its innovative products and services, this phrase marks another step forward for the company. Going forward, LG is expanding the scope of its sustainable practices to create a better life not only for its customers, but also for the environment, employees, suppliers and everyone who calls this planet home.
In terms of sustainability, the phrase Better Life for All describes LG's new goal of creating a regenerative environment for the greater well-being of all life by establishing a circular economy – a term that describes a model of production and consumption that minimizes waste and the extraction of new resources.
The company is finally moving from its goal of doing less environmental damage in the traditional linear economy – a system where materials are processed into products and discarded after use – to creating an entirely new business process that promotes the recycling of finite resources. With the new initiative, LG is redirecting more of its environmental efforts to the recovery and recycling of used products.
The phrase Better Life for All it also embodies LG's commitment to a more inclusive and diverse society, embracing diversity and forming close alliance circles with its employees, corporate partners and stakeholders.
While LG has always strived to work closely with its partners to achieve sustainability, the company is establishing further guidelines for better collaboration with its supply chain partners, cultivating a corporate culture that embraces diversity and diversity, and introducing products that are accessible to all.
As with its vision, the company's specific sustainability goals and plans for implementing related practices are constantly evolving over the years. In 2021, LG created a comprehensive framework for its sustainable practices. Key initiatives were restored and categorized according to a new ESG structure and corporate ESG communication guidelines were established for the first time.
This year, LG has further enhanced its extensive program of ESG initiatives in the recently announced "BETTER LIFE PLAN 2030". With the «BETTER LIFE PLAN 2030 », LG pursues a number of initiatives in the broad categories of 'Environment' and 'Society'.
You can find the 2021-2022 LG Electronics ESG STORY BOOK and FACT BOOK here.
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