Lotte Group
Conglomerate
South Korea's fifth largest conglomerate. Interests include confectionery, retail, sports, restaurants, soft drinks and ice cream manufacturing, leisure and entertainment venues, magazine publishing, and real estate.

Overall

Owned KOR
Rating F
About the Ratings
Lotte Corporation
KOR

Company Assessment

Lotte Corporation
Criticism
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 13.3%.
This company is the world's 30th largest equity owner of companies producing single-use plastic waste, according to Minderoo Foundation's 2021 Plastic Waste Makers Index. Institutional asset managers and global banks are providing billions of dollars to companies that produce polymers from fossil fuels, as much as 100 times more than they provide to companies trying to shift to a circular economy. Plastic pollution is one of the biggest, most urgent threats facing our planet and our health.
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2023 and received a score of 5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
This company received an S&P Global ESG Score of 22/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
The 2023 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #198/350, with a total score of 13.3/100.
Information
This company appeared eighth on RepRisk's top ten "Most Controversial Companies of 2016". Companies on the list were severely criticised during 2016 by the world's media, governments and NGOs. Criticisms of Lotte include corruption, bribery, extortion and money laundering; fraud; tax evasion; and anti-competitive practices. [Listed under Information due to age of report]
This company's Lotte Shopping subsidiary received a score of 0/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
This company is a member of the World Cocoa Foundation (WCF), an international membership organization representing more than 100 member companies across the cocoa value chain. WCF is committed to creating a sustainable cocoa economy through economic & social development and environmental stewardship in cocoa-growing communities.

Company Details

Type:
Public company
Founded:
1967
Subsidiaries:
Lotte Wellfood Co Ltd
Confectionery maker
Korea's #1 confectioner. They bought Belgian chocolate makers Guylian in 2008. In 2020 Lotte Confectionery and Lotte Food merged, and rebranded to Lotte Wellfood in 2023.
Chocolaterie Guylian NV
Chocolate makers
Bought by Japanese owned Lotte Group in 2008.

Contact Details

Address:
Seoul, Republic of Korea
Website:
www.lotte.co.kr/global/en/main.do

Products / Brands

Guylian / Stuart Alexander (distribution & marketing)
Guylian Chocolate