On June 12, Samsung Electronics launched the 2020 version of its Sustainability Report. The newest model of the report, which has been printed yearly since 2008, provides a complete take a look at the outcomes of company sustainability administration1 actions that passed off all through 2019.
The cowl of Samsung Electronics’ 2020 Sustainability Report
With the discharge of this 12 months’s report, Samsung Electronics endeavors to supply a measure of hope and help amidst the continued international well being disaster. The firm goals to do that by sharing insights it has gained over the previous 50 years defending the protection and wellbeing of workers and companions, and fixing challenges for purchasers and native communities. These efforts, that are coated intimately within the report, embody 1) establishing a devoted staff within the early stage of a disaster, and making a working surroundings that places security first in accordance with the rules of assorted nations’ well being authorities, and a couple of) sustaining a protected provide chain and offering native communities with technical help, expertise, know-how and infrastructure.
The report additionally discusses the outcomes of sustainable administration actions throughout numerous enterprise models. For instance, the report outlines how Samsung’s most up-to-date sustainable initiatives span not simply merchandise but additionally packaging, upcycling, and the processing of supplies. In this fashion, the report makes every enterprise unit’s dedication to and funding in sustainable useful resource administration abundantly clear.
These efforts have led to various milestone achievements in 2019 which can be outlined intimately on this 12 months’s report.
Last 12 months, Samsung’s renewable vitality utilization reached 92 % within the U.S., China and Europe. As the report notes, as outstanding as that determine is, it might quickly be eclipsed, as Samsung is on observe to succeed in 100 % by the top of the 12 months.
Samsung’s whole renewable vitality utilization elevated by 14 occasions in comparison with 2017, from 229 GWh to three,220 GWh. And in recognition of their success increasing the usage of renewable vitality, the United States Environmental Protection Agency introduced Samsung Electronics America, Inc., Samsung Austin Semiconductor, LLC, and Samsung Semiconductor, Inc. with the 2019 Green Power Leadership Award for Excellence.
The firm additionally took important steps towards transitioning to a round economic system, which prioritizes using sustainable supplies and minimizes waste. In specific, disposable supplies comparable to plastic and vinyl are step by step being changed in packaging with sustainable sources like paper. By the top of this 12 months, Samsung plans to interchange all paper utilized in product packaging for its Consumer Electronics and IT & Mobile Communications divisions with sustainably sourced paper.
In addition, the corporate made important progress on strengthening training with regard to labor and human rights. Together with the International Organization for Migration (IOM), Samsung organized instructional periods for human useful resource personnel that mentioned the moral recruitment of migrant employees to assist shield their human rights. In 2020, the corporate will launch a newly developed labor and human rights coaching program in collaboration with Business for Social Responsibility (BSR), a sustainability consulting agency.
Under the precept of demonstrating clear and accountable enterprise practices, for the primary time, Samsung appointed an Independent Director as Chairman of its Board of Directors. This particular person will function an middleman between the Board’s Executive Directors and Independent Directors who supervises the corporate’s administration actions extra objectively.
The report elaborates on actions associated to 6 key themes – Commitment to the Environment in Our Operations, Product Stewardship, Enabling People, Technology for Good, Investing in Our Employees, and…
