LG Group
Chemicals, electronics and telecommunications
South Korea's fourth largest conglomerate.

Overall

Owned KOR
Rating C
About the Ratings
LG Corporation
KOR

Company Assessment

LG Corporation
Praise
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A-.
Source: CDP (2023)
The 2018-19 Solar Scorecard, produced by the Silicon Valley Toxics Coalition, rates solar panel producers on their commitment to the environment and worker safety. Areas looked at include emissions reporting, chemical reductions plan, workers rights and conflict minerals. This company received a score of 84/100.
Criticism
The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known global brands in the technology, clothing and automotive sectors, including brands owned by this company. The Australian Strategic Policy Institute's 2020 report estimates (somewhat conservatively) that more than 80,000 Uyghurs were transferred out of Xinjiang to work in factories across China between 2017 and 2019, and some of them were sent directly from detention camps.
Source: ASPI (2020)
Information
This company group is under a boycott call for their involvement in a controversial mining project in Rapu-Rapu, Philippines. Local residents face ecological disasters & their effects: health problems, loss of land & livelihood, and an uncertain future. LG owns 42% of the mine.
This company is a client of Biel Crystal, supplier of 60% of the world's touchscreen cover glasses. This SACOM 2013 investigative report discovered serious labour rights abuses in Biel Crystal's Chinese factories including excessive working hours, military-style management, worker suicides and blank work contracts. Moreover, Biel Crystal's Shenzhen factory has been fined by the Shenzhen municipal government for 3 continuous years of polluting the environment. [Listed under Information due to age of report]
This company is a Bronze Member of the Sustainable Brands Network, the leading peer to peer, learning and networking group designed to support brands in meeting their sustainability goals and ultimately become those leaders of the next sustainable economy.
In 2016 Greenpeace East Asia ranked the world's 30 biggest personal care companies on their commitment to eliminating microbeads from their personal care products. The scorecard was based on four main criteria: commitment & transparency, definition, deadline and global application. This company was ranked as 'getting there'. Microbeads are not retained by wastewater treatment and end up in the ocean where they are a threat to the marine environment.
This company received an S&P Global ESG Score of 50/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 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 Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet.

Company Details

Type:
Public company
Revenue:
147 billion USD (2018)
Employees:
220,000 (2012)
Subsidiaries:
LG Electronics Inc
Electronic goods manufacturer
Founded as Goldstar in 1958. World's #2 television manufacturer. Consumer electronics, mobile communications and home appliances.
LG Electronics Australia Pty Ltd
Household appliance wholesaling
Established 1997. Importer and distributor of home appliances, mobile phones and home electronics.
LG Household & Health Care Ltd
Consumer goods
Cosmetics, household goods, and beverages business. Founded in Korea in 1947.
The Avon Company
Beauty products
North America's largest direct selling beauty company. In 2016 Avon spun off its North American unit to create New Avon, which was acquired by LG in 2019. Renamed The Avon Company in Jan 2021.

Contact Details

Address:
Seoul, Republic of Korea
Website:
www.lgcorp.com

Products / Brands

LG Electronics Australia LG H&H / Key Pharmaceuticals (distributor)