The Board of Directors of Samsung Electronics immediately permitted the reorganization of its Governance Committee into the Sustainability Committee, and additional expanded its duties and oversight.
The newly established Sustainability Committee will proceed the roles of the Governance Committee, together with practising company social obligations and enhancing shareholder worth. In addition, the Committee will cope with a broader vary of ESG (Environmental, Social, and Governance) points, together with local weather change, round economic system, labor and human rights, range and inclusion, provide chain, and moral administration, thus setting the path for and monitoring the progress of the corporate’s sustainable administration.
The Sustainability Committee consists completely of unbiased administrators to make sure its independence. It will obtain stories on the primary points mentioned on the Sustainability Council, a company-wide consultative physique.
Over the years, Samsung has been strengthening its corporate-wide system for the administration of sustainability points by introducing a Sustainability Management Office below every enterprise unit and elevating the Corporate Sustainability Center to report on to the CEO. With the newest addition of the Sustainability Committee, the corporate has now related sustainable administration to span from enterprise models to the Board of Directors.
The firm is dedicated to additional strengthening the independence and variety of its Board of Directors, which can spearhead efforts to reinforce sustainability going ahead.
