Samsung Electronics is taking a stand against the climate crisis by focusing on modern technology. Their goal is to develop ultra-low-power semiconductors and achieve carbon neutrality by 2050. This commitment is part of their ‘New Environmental Management Strategy’ launched in September 2022.
The company is a leader in the electronics industry, making everything from semiconductors to smartphones. However, they face a challenge: their operations consume a lot of electricity—about 25.8 terawatt-hours in 2021. To address this, Samsung is committed to using renewable energy, even if it’s not easy due to high demand and limited domestic resources.
Samsung’s shift towards eco-friendly management is also about staying competitive globally. By 2030, they plan to invest over 7 trillion won in various environmental projects. These include reducing process gas emissions, recycling electronics, and conserving water. This investment doesn’t even cover the costs for renewable energy goals.
To reach carbon neutrality, Samsung will first tackle reductions in emissions from its Device Experience (DX) segment by 2030, aiming for full carbon neutrality across all segments by 2050. They will focus on lowering energy use throughout a product’s life, from production to disposal, through innovative technologies.
One key area of focus is improving energy efficiency during product use. Samsung wants using their products to contribute to reduced carbon emissions. They are also enhancing water resource management, especially in their semiconductor operations, where they aim for no increase in water intake.
By 2040, Samsung plans to use advanced technologies that minimize air and water pollution during semiconductor production, ensuring these pollutants are treated in an eco-friendly manner.
A Samsung official remarked, “We’re committed to tackling global environmental issues by leveraging our advanced technology and capabilities. We will develop carbon capture technologies and address air quality challenges.” They also aim to support social issues like youth unemployment by sharing resources and expertise.
Samsung has various programs to support youth education, such as the Samsung Youth SW Academy and Samsung Dream Class. They are also involved in other initiatives like C Lab for innovation and support funds for partners. Overall, their commitment to social responsibility is significant.
In recognition of these initiatives, Samsung topped ESG (Environmental, Social, and Governance) rankings in Korea last year, scoring 92.3 points—leading among the top 200 companies. This achievement reflects their dedication to transparency and sustainability.