▲ The cowl of Samsung Electronics’ 2021 Sustainability Report
On June 28, Samsung Electronics launched the 2021 version of its Sustainability Report.
Covering the company sustainability efforts in 2020, the report consists of highlights in every of the next areas: Board of Directors’ independence and transparency; stronger compliance and moral administration; sustainability governance; sustainability within the pandemic period; sustainability achievements by enterprise unit. Detailed actions are introduced beneath the 5 sustainability pillars of Environment, Our Employees, Empowering Communities, Digital Responsibility and Sustainable Supply Chain.
In this 12 months’s report, the corporate highlights the brand new voices of each inner and exterior stakeholders similar to MZ era staff and NGOs, on high of the message by the Chair of the Board and high administration on its unwavering dedication to company sustainability.
Following the separation of the Chair and the CEO inside its Board of Directors in 2018, Samsung Electronics appointed its first-ever unbiased director as Chair of the Board in 2020.
For stronger compliance and moral administration, the corporate elevated its Compliance staff to straight report back to the CEO, and to make sure the independence and authority of Chief Compliance Officer. The firm additionally expanded a reporting system by which an out of doors stakeholder can anonymously report a authorized violation. The Samsung Compliance Committee, an unbiased entity separate from Samsung Electronics was additionally established to strictly monitor compliance dangers.
The sustainability governance was additionally additional enhanced. In 2020, the Sustainability Council began to be led by the Head of Corporate Management Office. Furthermore, the Corporate Sustainability Center in control of sustainability methods and stakeholder engagement was promoted as a direct group beneath the CEO. In addition, Sustainability Management Offices had been newly established in enterprise items to strengthen execution of sustainability methods. Since 2021, sustainability KPIs have been added into the efficiency analysis and compensation of executives, encouraging them to think about sustainability administration in all components of the enterprise.
In 2020, Samsung Electronics made numerous efforts to make sure the protection of its staff, its enterprise companions, and native communities in the course of the COVID-19 pandemic. The firm operated in-house screening clinics in Hwaseong, Suwon and Gumi in Korea, and offered private hygiene merchandise to its staff. Samsung additionally offered its enterprise companions that had been going through financial challenges with enterprise stabilization funds and logistics bills, amongst others. Also, the corporate has donated Galaxy Tab gadgets to UNHCR, the UN Refugee Agency for refugee camp youths in Kenya, whose academic atmosphere has worsened because of COVID-19.
The report additionally introduced the sustainability efficiency by enterprise unit together with Consumer Electronics (CE) division’s Eco-Package and photo voltaic cell distant management; the Information Technology & Mobile Communications (IM) division’s Galaxy Upcycling and the Samsung Global Goals Campaign; and the Device Solutions (DS) division’s strides in decreasing the power consumption of merchandise in addition to actions geared toward decreasing the carbon emissions from manufacturing processes.
Environment-related efficiency may also be discovered within the report. In 2018, Samsung dedicated to supply renewable power for 100% of all worksites within the U.S., China and Europe by 2020. With carried out motion plans tailor-made to every area, the corporate achieved its renewable power goal for these worksites in 2020.
The firm additionally amended its labor and human rights insurance policies in 2020. It strengthened its Child Labor Prohibition Policy and Migrant Worker Policy. In the Global Code of Conduct, Samsung additionally assured the suitable to freedom of affiliation. The…
