On June 28, Samsung Electronics launched the 2024 version of its Sustainability Report.
Samsung continues to reveal the outcomes of materiality assessments centered on sustainable administration that think about each the impacts of company actions on the exterior setting and exterior components on the corporate. This report comprises Samsung’s methods and main achievements associated to the setting, social and governance.
[Environment]
Climate Change and Energy │ Resource Circularity and Waste │ Water
In September 2022, Samsung introduced its New Environmental Strategy which incorporates the corporate’s objectives to attain web zero Scope 1,2 emissions by 2050, maximize useful resource circularity to contribute to a round economic system and sort out environmental challenges via technological innovation.
Samsung’s Device eXperience (DX) division goals to succeed in web zero Scope 1,2 emissions by 2030. The DX division achieved 93.4% renewable vitality conversion as of the tip of 2023 — which incorporates 100% renewable vitality used at main international manufacturing services within the United States, Europe, Korea, China, Brazil, India and Vietnam.
In line with the corporate’s Resource Circularity Roadmap, recycled resin was included in 25% of procured plastic elements bought final 12 months. Moreover, the DX division expanded its digital waste (e-waste) restoration and recycling applications to greater than 70 nations as of the tip of 2023.
Samsung’s Device Solutions (DS) division put in new course of gasoline therapy services (regenerative catalytic methods, RCS) and expanded using liquid pure gasoline (LNG) waste warmth restoration methods in 2023 to assist attain web zero Scope 1,2 emissions by 2050. As a results of numerous discount actions, the DS division’s Scope 1,2 emissions decreased by 11.6% in 2023 in comparison with 2022. Additionally60-megawatt
Proving the excellence of its water administration systems, Samsung obtained Platinum certification — the very best stage — from the Alliance for Water Stewardship (AWS) for its Giheung, Hwaseong and Pyeongtaek services in Korea and its Xi’an facility in China. Furthermore, the firm is lowering waste technology by increasing the variety of useful resource circularity certifications obtained from Korea’s Ministry of Environment to incorporate certifications for 9 new gadgets as of March 2024.
[Social and Governance]
Employees │ Supply Chain │ Information Security and Protection │ Product Quality and Safety │ Business Conduct
Samsung is upholding human rights and improving working environments whereas striving to create a powerful company tradition for executives and staff. The Global Grievance Resolution Policy was enacted in April 2024 to make sure grievances acquired are pretty and constantly dealt with per the corporate’s Global Human Rights Principles. With a purpose of accelerating the variety of ladies within the workforce, Samsung plans to greater than double the baseline variety of ladies executives by 2030 as in comparison with 2022.
Continuing its assist for workers with disabilities, Samsung opened a subsidiary normal office in 2023 known as “Stellar Forest” to create sustainable jobs for individuals with developmental disabilities. Starting with a confectionary producer that provides baked items to Samsung staff, Stellar Forest plans to diversify into further industries to create extra job alternatives match for these with disabilities.
Samsung is step by step increasing its provide chain administration scope to incorporate second-tier and non-manufacturing suppliers. Third-party audits have been launched to pick second-tier suppliers in 2023, extending the Supplier Code of Conduct from manufacturing suppliers to all suppliers that present services to Samsung.
Furthermore, the corporate expanded its safety platform Samsung Knox to cowl not solely smartphones but additionally good TVs and good dwelling home equipment. With common…
