Colombo, July 20, 2023 – Samsung Electronics, a global leader renowned for its cutting-edge technology and commitment to innovation, is thrilled to announce the release of its highly anticipated 2023 Sustainability Report. This comprehensive report provides a detailed overview of Samsung’s sustainability strategy and remarkable performance across three fundamental pillars: People, Planet, and Principle.
The 2023 report highlights Samsung’s extraordinary achievements throughout the past year, showcasing the successful implementation of the New Environmental Strategy, a groundbreaking initiative announced in September 2022, and the introduction of the company’s Global Human Rights Principles.
At the core of Samsung’s sustainability drive is the New Environmental Strategy, which outlines the company’s unwavering dedication to achieving net-zero emissions at the Device eXperience (DX) Division by 2030 and at the company-wide level, including the Device Solutions (DS) Division, by 2050. These ambitious goals reflect Samsung’s unwavering commitment to combating climate change and fostering a circular economy.
In a significant milestone, Samsung has already transitioned to 100% renewable energy usage at operational sites in Vietnam, India, and Brazil, aligning with the company’s commitment to completely transition to renewable energy at DX and all operational sites outside Korea by 2027. Additionally, Samsung has made remarkable progress in increasing the utilization of recycled resin in its plastic components. By 2030, the company aims to incorporate recycled resin in 50% of its plastic parts, with a vision to encompass all plastic components by 2050.
Moreover, the DS Division has expanded the deployment of Regenerative Catalytic Systems (RCSs) across its facilities, significantly enhancing process gas treatment efficiency while reducing direct greenhouse gas emissions. These efforts exemplify Samsung’s proactive approach to addressing environmental challenges. Furthermore, Samsung’s Hwaseong Campus has been honored with the prestigious Platinum rating from the Alliance for Water Stewardship (AWS), recognizing the company’s exceptional endeavors to restore water to its natural state before discharge by 2040.
In line with its commitment to collaboration, Samsung actively engages with various stakeholders and has joined influential global initiatives such as RE100, the Asian Clean Energy Coalition (ACEC), and the Platform for Accelerating the Circular Economy (PACE). As a testament to its dedication to environmental concerns, Samsung has partnered with Patagonia to launch a groundbreaking filter that effectively reduces microplastics released from washing machines.
In February 2023, Samsung announced its Global Human Rights Principles, which uphold the company’s profound commitment to respecting human rights in accordance with internationally recognized standards, including the UN Guiding Principles on Business and Human Rights (UNGPs). Additionally, Samsung introduced the Free Agent (FA) initiative and Samsung Talent Exchange Program (STEP) in 2022 to provide employees with diverse opportunities to explore different functions within the organization. Moreover, Samsung launched The University of Samsung Electronics (The UniverSE), a comprehensive training platform dedicated to supporting employees’ professional development.
To further solidify its sustainability objectives, Samsung has incorporated sustainability-related indicators into the performance evaluations of organizational units and executives since 2021. These indicators encompass a wide range of areas, including GHG emissions reduction, the transition to renewable energy, development of energy-efficient products, compliance, and accessibility.
As part of its commitment to transparency, Samsung proudly unveiled its Sustainability Website (Sustainability | Samsung Electronics) in February 2023. Serving as a comprehensive platform, the website offers detailed information on the company’s sustainability-related activities. Covering a wide range of topics, including strategy and goals, ongoing efforts and progress, environmentally responsible products, policies, quantitative performance data, news and featured stories, as well as recognitions and awards, the Sustainability Website exemplifies Samsung’s dedication to open and honest communication.
Samsung Electronics remains firmly committed to leading the charge towards a sustainable future. By setting ambitious targets, implementing innovative strategies, and fostering meaningful collaborations, Samsung aims to create a better world for all, ensuring a harmonious balance between technological advancement and environmental stewardship.