1:10:53 PM PDT - Sunday, September 25th, 2022

Samsung aims to make global operations and products carbon neutral by 2050  

By Editor - Thu Sep 15, 6:46 am

Samsung announced Thursday it will invest more than $5 billion (7 trillion KRW) in its carbon-neutral projects and environmental technologies through 2030, aiming to make its global operations and products net zero carbon emission by 2050 in an effort to tackle the climate crisis. The company says the strategy includes reducing emissions from the production process and power/water consumption throughout the entire product lifecycle, from raw material sourcing to recycling and disposal. Samsung plans to remove Scope 1 and 2 carbon emissions for all operations in the device experience (DX) business, which includes consumer electronics such as mobile devices, TVs, digital appliances and health equipment, with a goal of reducing about 17 million tons of carbon dioxide equivalent (CO2e) emissions by 2030. (Scope 1 means direct emissions from sources owned by a company such as a power plant or a fleet of cars; Scope 2 covers indirect emissions from the generation of energy a company purchases like electricity, cooling, heat and steam.) Its device solution (DS) division — the memory chip and foundry business – also targets eliminating carbon emissions across global operations by 2050. The announcement follows criticisms by activists and investors over the tech giant’s slow reduction of fossil fuel reliance, which accounts for more than 80% of its electricity use. “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,” vice chairman and CEO of Samsung Electronics Jong-Hee Han said in a statement

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Samsung aims to make global operations and products carbon neutral by 2050

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