LG Display is establishing a systematic natural environment management system in collaboration with the National Institute of Ecology to conserve biodiversity near its Paju facility.
On November 3, LG Display announced that it has signed a partnership agreement with the National Institute of Ecology, which operates under the Ministry of Environment, to work on ecosystem conservation and restoration near its facility and to respond to the Taskforce on Nature-related Financial Disclosures (TNFD).
Through this agreement, LG Display will collaborate with the National Institute of Ecology, a specialized organization, to provide ecological information, education, and consulting for natural capital disclosure assessments, as well as jointly identify conservation and restoration projects for the surrounding ecosystem. The tasks identified through the assessment will be reflected in actual ecosystem protection activities, and the results will be utilized in sustainability management disclosures.
Natural capital disclosure systematically identifies and publicly shares the impacts of corporate activities on the natural environment and biodiversity, as well as the financial risks and opportunities arising from changes in the natural environment. This initiative is gaining international traction through the TNFD, which was launched in 2021.
Notably, LG Display plans to engage in restoration activities for endangered species, such as the crane and the red-crowned crane, by creating and managing habitats within the demilitarized zone (DMZ) near its Paju facility.
Additionally, leveraging the expertise of the National Institute of Ecology, LG Display aims to systematically manage the environmental information that forms the basis of disclosures and to specify biodiversity conservation activities around its facility.
Meanwhile, as a global panel supplier, LG Display is accelerating its eco-friendly management through AX innovation to minimize the environmental impact of its products.
By integrating AX into the life cycle assessment (LCA), which measures the eco-friendliness of products across all stages—from raw materials and manufacturing to transportation, usage, and disposal—LG Display has systematized the management of carbon emission data and automated the calculation and summary of carbon emissions for each product life cycle stage.
Kim Sung-hee, Chief Safety and Environmental Officer (CSEO) of LG Display, stated, "Biodiversity conservation is a crucial task for the sustainable growth of companies. Through our collaboration with the National Institute of Ecology, we will systematically understand the impact of corporate activities on nature and practice environmental management that leads to local ecosystem preservation."
* This article has been translated by AI.
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