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

30,34940,46525%

2050

100% of
emissions
targetBAU2050
Net-Zero

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
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

Transport
efficiency
improvement

Upgrade our AI- and big data-based dispatch management system
Improve transportation efficiency and introduce relevant solutions

Scope 2

Switch to
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

Facility
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

Scope 3

Support to
our
customers

Help our customers achieve net-zero emissions
in the transportation sector’s Scope 3 by 2050

1) PPA : It stands for Power Purchase Agreement which refers to a contract that outlines the terms for the purchase and sale of electricity at mutually agreed prices and intervals. 2) REC : It stands for Renewable Energy Certificate which is a certificate that verifies the provision 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.

Greenhouse Gas Emissions

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-eq

Category 3 Fuel and energy-
related activities : 1,747 tCO₂-eq

Category 6 Business
travel : 1,174 tCO₂-eq

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 Reduction Activities

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

Green investment

Activities

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

Activities to instill
eco-friendly practices

Activities

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

Development of
eco-friendly products

Activities

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

Biodiversity protection

Activities

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

1)Sustainable Aviation Fuel 2) The term is a compound word that combines ‘jogging’ and ‘plocka upp,’ a Swedish term that translates to ‘picking up’. This campaign is centered around an activity where participants pick up garbage while jogging.

Green Management

CDP (Carbon Disclosure Project) Response

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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