Lotte Chemical Corp

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Limited	Lotte Chemical offers only limited transparency around its climate-policy lobbying. It does name one specific piece of legislation it engages on – “the Act on the Allocation and Trading of Greenhouse Gas Emission Permits,” Korea’s emissions-trading system – and links this to the country’s 2050 carbon-neutral goal, but it does not list any additional bills or regulations. The company describes how it engages, stating that it has “participated in government discussions to propose constructive proposals for ETS policies” and that it “provides industry-specific suggestions and opinions to policy makers” while maintaining “cooperative relationships with government officials.” These descriptions reveal that it relies mainly on direct dialogue and written input, yet they do not identify the individual ministries, parliamentary committees or named officials that are the focus of its outreach. Lotte Chemical also discloses the broad outcomes it seeks: it wishes to ensure that “the current regulations on greenhouse gas emissions and the allowances allocated to the chemical industry” do not hinder the sector’s growth, and it aims to contribute methodologies and proposals that support Korea’s 2050 carbon-neutral objective. However, the company stops short of detailing the precise amendments, allowance levels or timelines it advocates. As a result, while some information is provided on the policy area, engagement channels and high-level goals, the disclosure leaves many important specifics undisclosed.	1

Lobbying Governance

Overall Assessment	Comment	Score
Strong	Lotte Chemical Corp has established a structured governance process for climate lobbying by entrusting the Environment Management Team—"directly under the CEO reporting line"—with leading both "direct and indirect policy engagement efforts are aimed at supporting the development of government greenhouse gas reduction methodologies and committing to active participation in the K-ETS." This assignment by the CEO ensures that policy engagement objectives "are in alignment with our overall climate change strategy as defined by the CEO, the Board, and the ESG Committee," and that "any and all engagement objectives are also designed with the entire company (including all business divisions) in mind," demonstrating oversight of direct lobbying with policymakers and alignment of indirect engagement. However, we found no evidence of a publicly available audit or third-party review assessing the alignment of its climate lobbying activities.	3