LG to Spend about $18 billion over the next 10 years to reduce greenhouse gases and water consumption
LG group will spend 20 trillion won (US$17.92 billion) over the next 10 years to reduce greenhouse gases and water consumption, including 10 trillion won in research and development. Under the plan, LG’s affiliates will cut greenhouse gas emissions to 60 percent of their 2009 levels by 2020 and reduce water consumption to 70 percent by making manufacturing processes more environmentally friendly. LG said it aims to generate 10 percent of its revenue from new green businesses, including solar batteries, lithium-ion batteries and light-emitting diode (LED) lighting. LG group- South Korea’s fourth-largest family-run business is the world’s third-largest handset maker and the world’s No. 2 flat-screen panel maker.