LG Electronics and Carbonfund.org Introduce Carbon-Neutral Products

LG Electronics (News - Alert) has announced that the company’s products have earned the new CarbonFreeCertification label. The company has joined hands with Carbonfund.org Foundation for this purpose.

Offering a wide range of ENERGY STAR (News - Alert) appliances and electronics products, CarbonFreeproducts represent the next step in LG's already robust environmental commitment both as a company and provider of energy-efficient products and services

LG completed a life cycle analysis (LCA) on six core products to determine their carbon footprints from raw material extraction and production to use and disposal, working with the Carbonfund.org Foundation, the leading nonprofit carbon reduction and climate solutions organization. CarbonFreeCertification is a transparent label that differentiates products that have undergone this rigorous third-party certification process, the company stated in a press release.

“As part of our goal to become the most sustainable consumer products company in the world, LG is thrilled to partner with Carbonfund.org in this groundbreaking effort," said Wayne Park, President and CEO of LG Electronics USA.  "Achieving the CarbonFree label for these products both validates the efforts we have made to reduce our carbon footprint and provides consumers important information they can trust.”

According to Carbonfund.org Foundation President Eric Carlson, this marks the first time that CarbonFree-certified LCD TV, LCD monitor, refrigerator, clothes washer, LED lamp or solar panel products will be available to the public. The LG TV, monitor, washing machine and refrigerator also will be ENERGY STAR qualified, in addition to the LG CarbonFree certification.

Recently, the company announced that its second–quarter net profit plunged as sales declined and its mobile phone business remained in the red. The company said Thursday it earned 108.4 billion won ($103.3 million) in the three months ended June 30. That was down 87.3 percent from net profit of 856.4 billion won a year earlier. The result did snap two straight quarters of net losses for the Seoul, the company known for its Optimus brand of smartphones.