LG Energy Solution Ltd.
Industry Group: Electrical Equipment
Country/Region: South Korea
Identifier: KRX:373220
LG Energy Solution is the third-largest battery maker for electric vehicles with about 15% global share in 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for more than 60% of total revenue in 2023. LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem’s battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland, and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai, and Stellantis.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Electrical Equipment 110 out of 301
Universe
Global Universe 6939 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Schneider Electric SE |
10
Low
|
1 out of 301 |
| ABB Ltd. |
15.4
Low
|
15 out of 301 |
| Delta Electronics (Thailand) Public Co. Ltd. |
17.6
Low
|
25 out of 301 |
| Vertiv Holdings Co. |
22.6
Medium
|
77 out of 301 |
| LG Energy Solution Ltd. |
24.2
Medium
|
110 out of 301 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
How do the ESG Risk Ratings work?
Top Material ESG Issues for LG Energy Solution Ltd.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted LG Energy Solution Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
