The Global Impact Coalition (GIC), a CEO-led collaborative platform focused on achieving a net-zero chemicals future, proudly welcomes LG Chem as its newest member.
As one of the world’s leading chemical companies and a pioneer in sustainable materials, LG Chem’s membership signals the importance of global collaboration in addressing climate challenges.
LG Chem: A Key Player in Sustainable Innovation
LG Chem’s decision to join GIC underscores its commitment to advancing sustainability across the industry.
As the first Korean company to become part of GIC, LG Chem sends a powerful message to Asia and the global chemical sector about the necessity of international partnerships for reducing emissions.
With its expertise in bio-based and recycled plastics and its dedication to developing solutions that support the global energy transition, LG Chem has long been at the forefront of sustainable innovation.
By joining GIC, the company will contribute to scaling up sustainable technologies and exploring circular business models.
Focus Areas for Collaboration
Through its GIC membership, LG Chem will work alongside other global industry leaders on critical projects, including:
- Advancing sustainable methanol production.
- Improving end-of-life plastics recycling processes.
- Leveraging AI to enhance value creation along the chemicals value chain.
These efforts align with LG Chem’s mission to reduce carbon footprints and drive the transition to a circular economy.
Leadership Commitment to Climate Action
Hak Cheol Shin, Vice Chairman and CEO of LG Chem mentioned, “Joining the Global Impact Coalition reflects LG Chem’s dedication to leading the way in sustainability. The GIC provides a unique opportunity to collaborate with peers and co-create solutions to accelerate the transition to a circular, net-zero future. We’re eager to bring our expertise in sustainable materials to the GIC and contribute meaningfully to its mission”.
GIC: A Platform for Industry-Wide Transformation
GIC was incubated at the World Economic Forum. It was established by leading chemical companies to address critical challenges in achieving a circular and net-zero future.
GIC fosters collaborative projects and develops transformative business models. This enables its members to co-create and commercialize sustainable technologies.
Major industry players currently form the GIC membership. These include BASF, SABIC, Clariant, Covestro, LyondellBasell, Mitsubishi Chemical Group, Sabanci Holding, Syensqo, SUEZ, and Siemens Energy.
A Stronger Global Presence
Charlie Tan, CEO of the Global Impact Coalition stated, “We are honoured to have LG Chem join the Global Impact Coalition. Their presence strengthens GIC’s global reach, particularly in East Asia, a region central to the chemical sector’s future. Together, we can fast-track the chemical sector’s transition to a circular and low-carbon economy”.
Building a Sustainable Future Together
As GIC expands its global network, LG Chem highlights the growing momentum for international collaboration. This effort aims to create a sustainable chemicals industry.
As per the press release, the partnership will play a vital role in accelerating innovation and achieving a circular, net-zero future
