Korea's #1 confectioner. They bought Belgian chocolate makers Guylian in 2008. In 2020 Lotte Confectionery and Lotte Food merged, and rebranded to Lotte Wellfood in 2023.
|Lotte Confectionery Co Ltd||KOR||website|
| Lotte Corporation
owns 100% of Lotte Confectionery Co Ltd
|Lotte Confectionery Co Ltd|
The WWF Palm Oil Buyers Scorecard 2021 assesses 227 companies on the actions companies have taken to ensure their own palm oil supply chain is sustainable and free of deforestation, natural ecosystem conversion, and human rights abuse. This company is rated 'lagging behind' with a score of 1 out of a possible total of 24.
Source: WWF Palm Oil Buyers Scorecard (2021)
Be Slavery Free's 2023 Chocolate Scorecard rates all the major chocolate companies on their labour and environmental policies and practices. Companies were asked questions in six areas: traceability and transparency; living income; child labor; deforestation and climate; agroforestry; and agrichemical management. This company received a red rating: "Needs to catch up with the industry".
Source: Be Slavery Free (2023)
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 12%.
Source: Forest 500 (2022)
This company is the world's 30th largest equity owner of companies producing single-use plastic waste, according to Minderoo Foundation's 2021 Plastic Waste Makers Index. Institutional asset managers and global banks are providing billions of dollars to companies that produce polymers from fossil fuels, as much as 100 times more than they provide to companies trying to shift to a circular economy. Plastic pollution is one of the biggest, most urgent threats facing our planet and our health.
Source: Minderoo Foundation (2021)
The 2021 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #186/350, with a total score of 16.2/100.
Source: World Benchmarking Alliance (2021)
This company received an S&P Global ESG Score of 22/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
This company appeared eighth on RepRisk's top ten "Most Controversial Companies of 2016". Companies on the list were severely criticised during 2016 by the world's media, governments and NGOs. Criticisms of Lotte include corruption, bribery, extortion and money laundering; fraud; tax evasion; and anti-competitive practices. [Listed under Information due to age of report]
Source: RepRisk (2016)
This company's Lotte Shopping subsidiary received a score of 0/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company is a member of the World Cocoa Foundation (WCF), an international membership organization representing more than 100 member companies across the cocoa value chain. WCF is committed to creating a sustainable cocoa economy through economic & social development and environmental stewardship in cocoa-growing communities.
Source: World Cocoa Foundation (2019)
|Revenue||2.3 billion USD (2022)|
|Subsidiaries||Chocolaterie Guylian NV|
|Address||Republic of Korea|
Products / BrandsGuylian