Samsung has recently released its sustainability report for 2023. The report outlines the company’s commitment to reducing its environmental footprint and promoting social responsibility.
Samsung Electronics published its Sustainability Report 2023, in which it presents its advances and challenges in the area of social and environmental responsibility. The document addresses topics such as the management of greenhouse gas emissions, the use of renewable energy, the recycling of electronic waste, the promotion of diversity and inclusion, etc.
According to reports, South Korea’s current environmental strategy aims to achieve sustainability goals at the Device eXperience (DX) Division by 2030 and at the company level, including the Device Solutions (DS) Division by 2050. These initiatives focus on promoting sustainability by contributing positively to the environment.
One of the most significant areas of focus for Samsung in its sustainability report is reducing carbon emissions. The company has pledged to achieve net-zero carbon emissions by 2050, and it has indicated that it will accelerate its efforts to achieve this goal. Samsung is working on various initiatives to reduce its carbon footprint, including increasing the use of renewable energy and improving the energy efficiency of its products and operations.
Another key area of focus for Samsung in its sustainability strategy is promoting social responsibility. The company is committed to improving the well-being of its employees and promoting diversity and inclusivity in its workforce. Additionally, Samsung is working to create new business opportunities that contribute positively to society by developing sustainable products and services.
Samsung is also committed to responsible sourcing of materials and promoting ethical business practices. The company is continuously improving its supply chain to ensure that it adheres to the highest standards of environmental and social responsibility. Samsung continues to expand collaboration with various stakeholders. The company joined global initiatives such as RE100, the Asian Clean Energy Coalition (ACEC) and Platform for Accelerating the Circular Economy (PACE). Samsung also collaborated with Patagonia to launch a filter that reduces microplastics released from washing machines.
Samsung Electronics is committed to embedding sustainability in ourCEO and Vice Chairman – Jong-hee Han
business and product strategies while striving to play a leading role in
the global effort to build a sustainable future
The brand has completed its transition to renewable energy use in Vietnam, India and Brazil — in line with the company’s goal of fully transitioning to using renewable energy in DX and at all operating locations outside of Korea by 2027.
In addition, the company has increased the amount of recycled resin used in its plastic parts — moving toward a goal of using it in 50 percent of plastic parts by 2030 and in all plastic components by 2050
Samsung’s sustainability report highlights the company’s dedication to reducing its impact on the environment and promoting social responsibility. As a major player in the technology industry, Samsung’s efforts to minimize its environmental footprint and support a sustainable future are commendable and serve as an example for other companies to follow.