Samsung Electronics Introduces New Environmental Policy
Samsung Electronics has launched a new sustainability strategy to combat climate change. It aims to use more renewable energy, produce energy-efficient products, increase water reuse, and develop carbon capture technology.
The new commitment is centred on achieving net zero carbon emissions (Scope 1 & Scope 2) for all Device eXperience (DX) Division operations by 2030, and for all worldwide operations, including the Device Solutions (DS) Division, by 2050.
The DX Division contains the company's consumer electronics businesses, such as Mobile eXperience, Visual Display, Digital Appliances, Networks, and Health & Medical Equipment, while the DS Division includes Memory, System LSI, and Foundry.
In addition, Samsung Electronics has joined RE100, a global initiative dedicated to achieving 100% renewable energy. As part of this goal, the company intends to meet the electric power needs of all worldwide markets where it operates outside Korea using renewable energy within the next five years.
The new plan expands on Samsung Electronics' previous climate efforts by significantly broadening the scope of its programmes and investments. To enable a brighter future for all, Samsung will develop new technologies and implement sustainable practices.
Jong-Hee Han, Vice Chairman and CEO of Samsung Electronics, said:
"The climate crisis is one of the greatest challenges of our time. The consequences of inaction are unimaginable and require the contribution of every one of us, including businesses and governments. Samsung is responding to the threats of climate change with a comprehensive plan that includes reducing emissions, new sustainability practices, and the development of innovative technologies and products that are better for our planet.”
The environmental commitment of Samsung Electronics also includes an enterprise-wide effort to improve resource circularity throughout the whole product lifetime, from raw material sourcing to recycling and disposal.
The plan also includes investments in innovative technology to reduce process gas emissions and electricity consumption in consumer products. The company also plans to explore carbon capture and utilisation methods as well as ways to combat toxic airborne particulate matter.
Recognising the need for creative approaches to environmental sustainability, Samsung Electronics plans to invest more than KRW 7 trillion in environmental initiatives by 2030, including lowering process emissions, conserving water, increasing electronic waste collection, and lowering pollutants. The investment number does not include costs associated with increasing the usage of renewable energy.