The Global Impact Coalition (GIC), a CEO-led collaborative platform for a net-zero chemicals future, has announced LG Chem as its newest member. According to GIC, LG Chem’s membership sends a strong signal to Asia and the broader industry that global collaboration is essential to developing sustainable and commercially viable solutions.
LG Chem is the first Korean company to join GIC.
Achieving net zero includes advancing sustainable materials and reducing carbon footprints across the value chain. LG Chem’s sustainable innovations range from producing bio-based and recycled plastics to developing solutions that contribute to global energy transition goals.
Through its membership in the GIC, LG Chem will collaborate with global industry leaders to scale sustainable technologies and explore new circular business models. LG Chem will work with other industry leaders on topics including sustainable methanol, improving end-of-life plastics recycling and utilizing AI to guide value creation along the chemicals value chain.
Developed at the World Economic Forum, GIC was founded by some of the world’s leading chemical companies to tackle critical challenges to advance towards a circular and net-zero future. By fostering collaborative projects and developing new business models, GIC provides a platform for co-creation and commercialization of transformative technologies. GIC members include BASF, SABIC, Clariant, Covestro, LyondellBasell, Mitsubishi Chemical Group, Sabanci Holding, Syensqo, SUEZ and Siemens Energy.
What People Are Saying
Hak Cheol Shin, vice chairman and CEO of LG Chem: "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 the GIC’s mission."
Charlie Tan, CEO of the Global Impact Coalition: “We are honored 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.”
