LG Honored For Supply Chain Sustainability
LG Electronics (LG) was honored for innovation in supply chain sustainability by the Green Electronics Council. Presented at CES Asia 2017, the GEC Catalyst Awards seek to inspire innovation in the design, manufacture, and use of electronics to advance global sustainability.
LG's special distinction as 2017 GEC "Catalyzing Impact at Scale" Honoree recognizes LG OLED TVs, which created a new premium TV category with environmental sustainability at its core. LG OLED TVs achieve significant reductions in hazardous and raw materials content compared to conventional LCD TVs, while LG's green product design for recycling and supplier programs advance supply chain sustainability.
"As part of our ongoing efforts to enhance customer value, LG strives to make products with greener features and to reduce the environmental impact of our products throughout their lifecycle," said Lee Choong-hak, executive vice president of LG Electronics in charge of corporate social responsibility initiatives. "LG OLED TVs, designed with the environment in mind, are prime examples of this lifecycle strategy approach."
“For example, LG OLED TVs have reduced weight and use PVC-free internal cables and BFR-free housing and parts. The emissive LG OLED panel emits light instead of a mercury-containing backlight lamp. Materials also are minimized to enhance recyclability,” Nancy Gillis, CEO of the Green Electronics Council, said. "The negative environmental and social impacts resulting from complex global supply chains are among the greatest challenges currently facing the IT industry. We congratulate LG for demonstrating ways to address this challenge and exhibiting sustainable supply chain leadership and innovation."
LG OLED TVs are optimized to minimize environmental impact and to provide high performance and customer value with features like perfect black and limitless contrast, and 4K Ultra HD and high-dynamic range capabilities. LG quantifies and analyzes the environmental impact of products at every stage of their lifecycle; implements its strategic framework for products with greener features, which takes into account three core factors of human, energy and resources; and drives R&D based on these factors.
What's more, the company's comprehensive supply chain sustainability management program helps suppliers improve their environmental performance by transferring LG's green technologies and related knowhow. The program helps LG promote suppliers' competitiveness in sustainability management and identify supply chain risks and address global regulatory requirements.
In addition to being named 2017 GEC Catalyzing Impact at Scale Honoree, LG supply chain sustainability has been recognized by the U.S. Environmental Protection Agency with the top-level Gold Tier Award in the EPA's Sustainable Materials Management Electronics Challenge and by the Institute of Scrap Recycling Industries with the ISRI Design for Recycling award for advanced new television products (LG OLED and LED 4K Ultra HD TVs) that emphasize recycling during every lifecycle phase.