GHG Emissions, Industrial, Sourcing Renewables, Wind - September 15, 2022
Samsung Electronics Sets 2030 Goals
Samsung Electronics Co., Ltd. announced its new environmental strategy with commitments to achieve enterprise-wide net zero carbon emissions and plans to use more renewable energy, as well as to invest in and research new technologies to develop energy-efficient products, increase water reuse and develop carbon capture technology.
Samsung Electronics will invest over KRW 7 trillion in its environmental initiatives by 2030, including for reducing process gases, conserving water, expanding electronic waste collection, and reducing pollutants, but does not include costs related to expansion of renewable energy use.
The electronics company set goals to achieve net zero carbon emissions (Scope 1 & Scope 2) for all operations in the Device eXperience (DX) Division by 2030, and across all global operations, including the Device Solutions (DS) Division, by 2050. The DX Division encompasses the company’s consumer electronics businesses, including Mobile eXperience, Visual Display, Digital Appliances, Networks and Health & Medical Equipment, while the DS Division includes the Memory, System LSI, and Foundry businesses.
Samsung Electronics also joined RE100, a global initiative dedicated to pursuing 100% renewable energy. As part of this commitment, the company plans to match electric power needs of all international markets where it operates, outside of Korea, with renewable energy within five years.
“The climate crisis is one of the greatest challenges of our time. The consequences of inaction are unimaginable and requires the contribution of every one of us, including businesses and governments,” said Jong-Hee Han, Vice Chairman and CEO of Samsung Electronics in a statement. “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 plan also details investments in new technologies to reduce emissions from process gases as well as to reduce power consumption in consumer products. The company plans to explore carbon capture and utilization technologies and tackle harmful airborne particulate matter.