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Our Action on Climate Change
LX Pantos is a total logistics company that fulfills its social responsibility through transparent and
systematic sustainability management activities.
LX Pantos is actively striving to minimize the climate and environmental impact throughout the entire logistics process for its customers.
LX Pantos is implementing and expanding activities to achieve its 2050 Net-Zero target in accordance with its carbon neutrality roadmap.
Reduction Roadmap
In accordance with the NDC1) target for 2050, LX Pantos has established its 2050 Net-Zero target, reflecting its estimated emissions and
mitigation measures. On our journey towards net-zero, the first step will be to achieve a 25% reduction compared to the levels of BAU2)
by 2030, thereby fulfilling our social responsibilities for carbon neutrality.
in the Paris Climate Agreement, which form the basis for efforts to mitigate carbon emissions by 2030. 2) BAU :It stands for ‘Business As Usual’, and refers to the GHGs that would be emitted in the absence of any mitigation efforts.
emissions
targetBAU2050
Net-Zero
As part of the efforts to achieve its 2050 Net-Zero target, LX Pantos has carried out a range of activities in accordance with its well-established,
time-bound action plans1) for each decade. These plans guide us towards our goal by outlining measures to curtail our energy consumption,
expand the use of renewable energy sources, and reduce our indirect GHG (Scope 3) emissions.
eco-friendly
modes of
transportation
- Convert all our commercial
vehicles to green alternatives - Introduce eco-friendly
freight vehicles
(for 1-ton or smaller ones)
- Adopt environmentally
friendly freight vehicles
(for mid- to large-sized
vehicles)
- Accomplish a 100%
transition to eco-friendly
vehicles
efficiency
improvement
- Upgrade our AI- and big data-based dispatch management system
- Improve transportation efficiency and introduce relevant solutions
renewable
energy use
- Install solar power
generation equipment
at more logistics centers - Implement the PPA1)
method - Procure RECs2)
- Begin utilizing renewable
energy sources to power
our logistics centers - Implement the PPA
method - Procure RECs
- Switch to using
renewable energy
at our logistics centers - Expand the use of PPAs
- Increase the proportion
of RECs purchased
energy
efficiency
enhancement
- Improve energy efficiency
in our buildings
- Adopt environmentally
friendly freight vehicles
(for mid- to large-sized
vehicles)
- Transition to AI- and
big data-based
smart buildings
our
customers
- Help our customers achieve net-zero emissions in the transportation sector’s Scope 3 by 2050
agreed prices and intervals. 2) REC : It stands for Renewable Energy Certificate which is a certificate that verifies the provision of renewable energy
Emissions Management
In 2020, LX Pantos was designated as a company subject to the Greenhouse Gas Emissions Trading Scheme. The company calculates, trades
and manages its emissions in accordance with the guidelines for reporting and certifying greenhouse gas emissions (Ministry of Environment
Notification No. 2023-221) and the 2006 IPCC guidelines. Additionally, LX Pantos systematically manages energy consumption across all
domestic business sites, including logistics centers, and performs various activities to reduce energy consumption.
LX Pantos’s greenhouse gas emissions in 2023 totaled 32,538 tCO2-eq, of which direct emissions (Scope 1) from freight vehicles and commercial
vehicles amounted to 22,471 tCO2-eq, accounting for 69% of total emissions. Indirect emissions (Scope 2) from the use of purchased electricity
and city gas at business sites amounted to 10,067 tCO2-eq, accounting for 31%. Furthermore, starting in 2023, to comprehensively manage and
reduce greenhouse gas emissions generated during business activities, LX Pantos identified Scope 3 categories based on business relevance
and importance and calculated the emissions. Moving forward, LX Pantos will continue to carefully analyze its environmental impact and fulfill
its social responsibility for addressing climate change through setting and implementing Scope 3 emission reduction targets.
- Scope 122,471 tCO2-eqGHG emissions from freight
transport/commercial vehicles
and natural gas use - Scope 210,067 tCO2-eqGHG emissions from electricity
use at logistics centers/offices - Scope 35,508 tCO2-eq
Category 1 Purchased goods
and services : 2,587 tCO2-eqCategory 3 Fuel and energy-
related activities : 1,747 tCO2-eqCategory 6 Business
travel : 1,174 tCO2-eq
To calculate, monitor, and manage GHG emissions, LX Pantos has established a dedicated team to build and operate an MRV (Monitoring,
Reporting, Verification) system for GHG calculation, reporting, and verification. Additionally, the company receives third-party verification of its
GHG emissions from a government-designated verification agency annually.
LX Pantos is undertaking various activities to reduce greenhouse gas emissions generated during its business processes.
investment
- Successfully transitioned 100% of our forklifts from diesel-powered to electric* Some freight vehicles for heavy cargo lift excluded
- Switched to LED lighting at our logistics centers
- Achieved an 80% ratio of eco-friendly packaging materials at logistics centers
(Shihwa MTV Center and GC Osan Center) - Reviewed the switch to Electronic Bills of Landing (e-BL)
- Joined the K-EV100, a Korean project for transitioning towards zero-emission vehicles
- Introducing renewable energy (solar power) to logistics centers
to instill
eco-friendly
practices
- Launched a range of campaigns promoting eco-friendly daily practices
(maintaining appropriate indoor temperatures, using electronic documents,
saving energy at business sites, and encouraging employees to suggest ideas
related to green logistics) - Implemented the use of multi-use cups (reusable cups and in-house cafeterias)
- Placed eco-friendly umbrellas, made from recycled materials, for public use
- Switching off all office lights during lunch breaks
of eco-friendly
products
- Signed MOUs with Air France-KLM and Korean Air Lines for SAF1) to mitigate
GHGs emitted from air transport - Utilized ‘Eco-Delivery (Maersk)’, a service provided by domestic and
international shipping companies that uses low-carbon fuel-powered vessels,
in an effort to reduce the GHGs emitted from marine transport
protection
- Participated in the Plogging2) campaign joined by 21 organizations,
including the Seoul Tourism Organization and the British Embassy Seoul - Created ‘Beautiful Forest’ in an area of Gangwon-do that was damaged by wildfire
This campaign is centered around an activity where participants pick up garbage while jogging.
-
CDP (Carbon Disclosure Project) ResponseIn July 2022, LX Pantos voluntarily joined the CDP1), a global ESG rating agency. By establishing climate
1)CDP (Carbon Disclosure Project) : Requests companies to disclose their climate change response status and
change response goals and actively pursuing detailed tasks, LX Pantos achieved a B- rating in the 2023
CDP's first evaluation, receiving recognition for its efforts in addressing climate change.
related information, and publishes an annual company evaluation report with ratings assigned. -
Excellent Green Logistics Company CertificationBy assessing the practical management scope and management system of eco-friendly logistics activities
relating to logistics facilities and transportation methods, we have attained certification as an excellent green
logistics company that contributes to the spread of eco-friendly logistics activities in the country. -
ISO14001 CertificationWe constantly improve our environmental goals and comply with the global standard requirements and
procedures related to the ISO14001 (Environmental management systems).