LG Energy Solution Ltd

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Company Summary

LG Energy Solution Ltd. is a leading Electrical Equipment company based in South Korea with a focus on ESG practices. With a ESG score of 24.2, the company is considered to have a medium risk rating. LG Energy Solution, also known as LGES, is the third-largest battery maker for electric vehicles (EVs) globally, holding a 15% market share in 2023. Their EV battery segment contributes over 60% of their total revenue. Apart from EV batteries, LGES produces batteries for various applications such as mobility, mobile phones, laptops, and energy storage systems. The company, which was spun off from LG Chem's battery division in December 2020, has manufacturing facilities in Korea, China, Poland, and the United States. Key clients include major automotive companies like General Motors, Tesla, Volkswagen, Hyundai Motors, and Stellantis.

ESG Rating Overview

Sustainalytics

Ranking
Industry Group
Electrical Equipment140 out of 315
Universe
Global Universe7696 out of 16215

Overall ESG Rating :

61
Rating Scale
0-25Poor 25-50Satisfactory 50-75Good75-100Excellent
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