Overview

• Proceeds will fund expansion of LG Innotek’s manufacturing operations in Haiphong, Vietnam.
• The facility marks IFC’s first sustainability-linked loan to a Korean company after an application and review that began last year.
• Loan pricing depends on verified progress against ESG targets, with stricter approval and ongoing oversight than conventional green loans.
• LG Innotek targets RE100 by 2030 and carbon neutrality by 2040, reporting about 638 GWh or nearly 60% of 2024 electricity from renewables.
• IFC’s Carsten Mueller and CFO Park Ji-hwan framed the deal as a partnership to advance the company’s sustainability performance.