LCY is committed to establishing a robust corporate governance system, strictly complying with laws and regulations across all operating jurisdictions, and practicing business integrity and ethical management. We strive to foster a corporate culture rooted in integrity and accountability, upholding the highest standards of business integrity at the operational level while developing an effective governance mechanism that serve the long-term interests of the company and its shareholders while fulfilling the group's social responsibilities. By establishing an appropriate internal control system, we ensure that the company's internal rules are aligned with external regulations and are thoroughly implemented, thereby mitigating operational risks and embedding sustainable corporate governance.
The ESG Sustainability Strategy Committee ( ESG SSC ) is supported by cross-functional working groups: Green Transformation, Social Inclusivity, Employee Care, and Corporate Governance. These working groups bring together expertise from business operations, R&D, and production sites to assess the impacts of material sustainability issues and climate-related risks on LCY's operations. They are also responsible for exploring strategic responses and formulating and implementing the company's sustainability transition policies.
Following a proposal submitted by the ESG SSC and approved by the board in 2024, LCY formally updated and established its low-carbon transition pathway in Q1 2025 to align with the Science Based Targets ( SBTs ). The updated roadmap establishes a medium-term target of achieving a 42% absolute reduction in Scope 1 and Scope 2 GHG emissions by 2030, responding to the Paris Agreement's the 1.5° C pathway, while establishing a long-term vision of net-zero emissions by 2050.
