Samsung is committed to carbon neutrality by 2050. To do this, the giant details many initiatives by joining the RE100 program in particular.
Samsung has pledged to achieve carbon neutrality for the entire company by 2050. It will spend around €5 billion over the next 27 years to make this a reality. Although this project is not as aggressive as that of Microsoft, which has committed to achieving carbon neutrality by the end of the decade, the South Korean giant intends to implement changes very soon. to make its Device eXperience (DX) Division carbon neutral by 2030.
Samsung commits to carbon neutrality by 2050
Samsung’s DX division handles everything consumer electronics, including manufacturing operations for smartphones and displays, and it was only responsible for 10% of greenhouse gas emissions in 2021. At the same time, the division responsible for chips and components, which is often the one that generates the most revenue, was responsible for 90% of the 17.4 million tonnes of greenhouse gases emitted during the year. last.
To do this, the giant details many initiatives
Clearly, there is still a lot of work to be done for this division to achieve carbon neutrality. One of the avenues that the company wishes to follow is to develop technologies that would make it possible to significantly reduce the by-products of the production of semiconductors. Samsung also plans to set up processing plants at its chip manufacturing sites. Additionally, the company will develop carbon capture and utilization technologies that can harness carbon emissions from its semiconductor factories, store them, and turn them into any usable source.
notably by joining the RE100 program
The tech giant has joined RE100, a global initiative for companies that want to use renewable energy for their operations. It will start by running the DX division and all operations outside of South Korea on renewable energy alone within the next five years, before reaching 100% of all its energy needs worldwide by to 2050. Samsung also detailed other environmental projects in its announcement, including its commitment to promote water reuse and expand its e-waste collection initiative to 180 countries, up from 50 currently.
A spokesman for one of the shareholders told Reuters that Samsung had pushed back on such a public promise of carbon neutrality so much that some long-term investors were beginning to worry. Kim Soo-jin, ESG Strategy Group Director – Environment, Social and Governance, which relates to the three main factors used to assess the sustainability of an investment – from Samsung, explained: “We are a company that manufactures directly … so there are various challenges and at all levels. Finally, we are a technology company… So we will contribute positively to climate change through the development of technologies. And since we are a big company and our products are very popular, we will have an impact through numbers.”