In order to contribute to the reduction of greenhouse gas emissions, the company LG plans to take advantage about 600,000 tons of recycled plastic by 2030. This goal is contained in the initiative related to the creation of a sustainable ecosystem in the use of electronic waste with more use of recycled materials from electronics and household appliances.
During 2020, LG used about 20,000 tons of recycled plastic for its products and the plan is to increase that amount tenfold by 2025. Recycled plastic is currently used for the interior of LG TVs, monitors, speakers, washing machines, refrigerators and air conditioners, but LG plans to expand its use to the exterior of the product. In addition to using more recycled plastic, the use of raw plastic is also reduced. This year, as many as 18 OLED TVs will be produced with less raw plastic (up to 10,000 tons less) compared to last year when 14 OLED models were produced.
LG additionally plans to increase the share of recycled electronic waste in production from 4.5 million tons per year in 2006 to more than 8 million tons by 2030, with 3.07 million tons collected at the end of 2020. LG also supports e-waste processing and recycling initiatives in 52 countries. The LG Chilseo recycling center, which opened in 2001 in South Korea, not only takes over electronic waste, but also produces new components from recycled plastic and delivers parts to a nearby LG home appliance factory where they are used for new products, such as are refrigerators.
LG is committed to reducing greenhouse gas emissions over the “lifespan” of products – from production and transportation to use and recycling. Commitment to sustainable business is also evidenced by the agreement that LG signed in June with the Korean Ministry of Environment and local organizations, which stipulates that the main R&D campus, LG Sciencepark, will no longer use plastic in production.
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