On June 28, Samsung Electronics released the 2024 edition of its Sustainability Report. Samsung continues to disclose the results of materiality
On June 28, Samsung Electronics released the 2024 edition of its Sustainability Report.
Samsung continues to disclose the results of materiality assessments focused on sustainable management that consider both the impacts of corporate activities on the external environment and external factors on the company. This report contains Samsung’s strategies and major achievements related to the environment, social and governance.
[Environment]
Climate Change and Energy │ Resource Circularity and Waste │ Water
In September 2022, Samsung announced its New Environmental Strategy which includes the company’s goals to achieve net zero Scope 1,2 emissions by 2050, maximize resource circularity to contribute to a circular economy and tackle environmental challenges through technological innovation.
Samsung’s Device eXperience (DX) division aims to reach net zero Scope 1,2 emissions by 2030. The DX division achieved 93.4% renewable energy conversion as of the end of 2023 — which includes 100% renewable energy used at major global manufacturing facilities in the United States, Europe, Korea, China, Brazil, India and Vietnam.
In line with the company’s Resource Circularity Roadmap, recycled resin was incorporated in 25% of procured plastic parts purchased last year. Moreover, the DX division expanded its electronic waste (e-waste) recovery and recycling programs to more than 70 countries as of the end of 2023.
Samsung’s Device Solutions (DS) division installed new process gas treatment facilities (regenerative catalytic systems, RCS) and expanded the use of liquid natural gas (LNG) waste heat recovery systems in 2023 to help reach net zero Scope 1,2 emissions by 2050.
