LX Pantos

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.

Greenhouse Gas Reduction Roadmap

Mid- to Long-Term Reduction Targets

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.

1) NDC (Nationally Determined Contribution) : It refers to the national greenhouse gas (GHG) reduction targets established by each country participating 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.
BAU(Business As Usual)
Emission Target
[Unit : tCO2-eq]
2022
34,631
2030
29,93639,91525%
2050
100% of
emissions
target
BAU2050
Net-Zero
* BAU (Business As Usual) has been recalculated in 2024 to reflect changes in the business environment.
Detailed Reduction Measures by Period

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.

1) Time-bound action plan : it outlines specific actions to be taken within each time horizon
~2023~2040~2050
Scope 1
Transition
to eco-
friendly
vehicles
  • Introduce 1-ton and
    2.5-ton electric
    vehicles (EVs)
  • Establish and
    implement plans for
    EV charging
    infrastructure
  • Expand eco-friendly
    vehicle adoption to
    medium and large
    freight trucks
  • Operate EV charging
    stations at logistics
    centers and key hubs
  • Convert all freight
    vehicles to green
    alternatives
  • Ensure sustainable
    operation of charging
    ingfrasture
Making
improvements
to transport
efficiency
  • Introduce AI- and big
    data-based dispatch
    management system
  • Set optimized routes
    and improve
    operational efficiency
  • Upgrade Smart
    Logistics Center
  • Minimize carbon
    emissions through
    real-time data analysis
  • Fully prepare
    carbon-neutral
    transportation
    solutions
  • Fully replace with
    greener modes of
    transportation
Scope 2
Renewable
energy
transition
  • Expand solar power
    generation facilities
    at logistics centers
    (2.5MW installed)
  • Implement the PPA
    method1)
  • Procure RECs2)
  • Increase the
    percentage of
    renewable energy
    used at logisitics
    centers
  • Expand PPA and REC
    purchases
  • Achieve 100%
    renewable energy
    conversion at all
    logistics centers
  • Further expand PPA
    adoption and
    additional renewable
    energy procurement
Enhancing
facility
energy
efficiency
  • Improve energy
    efficiency in buildings
    (using LED lighting
    and smart energy
    systems)
  • Pursue green building
    certifications (e.g.,
    LEED) for logistics
    centers
  • Adopt AI- and big
    data-based smart
    buildings
  • Transition to AI- and
    big data-based smart
    structures
Scope 3
Scope 3
Supporting
Reduction
  • Enhance transport
    efficiency in line with
    clients’ carbon
    reduction needs
  • Expand the percentage
    of eco-friendly
    transportation and
    apply carbon
    reduction solutions
  • Provide tailored
    reduction solutions
    for customers
  • Establish Net
    Zero-based
    transport services
1) PPA (Power Purchase Agreement) : A contract that outlines the terms for the purchase and sale of electricity at mutually agreed-upon prices and intervals agreed prices and intervals. 2) REC (Renewable Energy Certificate) : A certificate that electricity users can purchase to verify their use of renewable energy

Greenhouse Gas Emissions Management

Response to the Greenhouse Gas Emissions Trading Scheme and Energy Consumption 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.

GHG Emissions Monitoring, Reporting, and Verification

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.

GHG Emissions Reduction Activities by Scope

LX Pantos is undertaking various activities to reduce greenhouse gas emissions generated during its business processes.

Scope 1
Activities
  • Transitioning to electric vehicles and electric forklifts1)
    - Converting all forklifts at domestic sites to green models and maintaining a 100% conversion rate
Scope 2
Activities
  • Procuring and generating renewable energy
    - Introducing solar power to supply logistics centers with renewable energy starting in 2025 (expected annual reduction of up to 500 tons)
  • Cutting back on energy use from lighting
    - Replacing lights at its logistics centers with LED lighting
    - Switching off all office lights during lunch breaks
Scope 3
Activities
  • Securing the supply chain for green transportation
    - Mitigating GHG emissions during transportation by switching to greener modes of transportation (modal shift)
    - Signing MOUs and operating programs for switching to eco-friendly fuels (SAF/SMF) with global carriers
1)Excluding some diesel folklifts for heavy cargo lifting

Green Management

  • Response to the Carbon Disclosure Project (CDP)

    In July 2022, LX Pantos voluntarily joined the CDP1), a global ESG rating agency. By establishing climate 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.

    1) CDP (Carbon Disclosure Project): Requests companies to disclose their climate change response status and related information, and publishes an annual company evaluation report with ratings assigned.
  • Excellent Green Logistics Company Certification

    By 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 Certification

    We constantly improve our environmental goals and comply with the global standard requirements and procedures related to the ISO14001 (Environmental management systems).

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