2023-07-14 17:37:46
On June 30, Samsung Electronics released the 2023 edition of its Sustainability Report; check document details
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Through its Sustainability Report, Samsung discloses its sustainability strategy and performance in the areas of People, Planet and Principle. The report highlights key activities over the past year, including progress in implementing the New Environmental Strategy announced in September 2022 and the launch of the company’s Global Human Rights Principles.
The New Environmental Strategy specifies the company’s action plan to achieve sustainability goals at the Device eXperience Division (DX) by 2030 and at the enterprise level, including the Device Solutions Division (DS) by 2050, as well as its efforts to contribute to the climate action and an increasingly circular economy.
In 2022, Samsung completed its transition to renewable energy in Vietnam, India and Brazil — in line with the company’s goal to fully transition to renewable energy in DX and all operating locations outside Korea by 2027. In addition, the company increased the amount of recycled resin used in its plastic parts — moving towards its goal of using it in 50% of plastic parts by 2030 and in all plastic components by 2050.
In 2022, Samsung DS Division expanded Regenerative Catalytic Systems (RCSs) installations at its sites to treat process gas more efficiently and reduce direct greenhouse gas (GHG) emissions. Additionally, through its efforts to restore water to its natural state before discharge by 2040, Campus Hwaseong has achieved the highest Platinum rating issued by the Alliance for Water Stewardship (AWS).
Samsung continues to expand collaboration with various stakeholders. The company has joined global initiatives such as RE100, the Asia Clean Energy Coalition (ACEC) and the Platform for Accelerating the Circular Economy or Platform to Accelerate the Circular Economy (PACE). Samsung also collaborated with Patagonia to launch a filter that reduces microplastics released by washing machines.
This year’s Sustainability Report delves into the company’s approach to respecting human rights and promoting talent. In February 2023, Samsung announced its Global Human Rights Principles, which highlight the company’s commitment to respecting human rights in accordance with international standards, such as the United Nations Guiding Principles on Business and Human Rights (UNGPs) .
In terms of talent development, the company launched the Free Agent (FA) initiative and the Samsung Talent Exchange Program (STEP) in 2022 — expanding opportunities for employees to experience different roles within the company. Samsung also launched Samsung Electronics University (The UniversE), a comprehensive training platform that supports the professional development of employees.
Additionally, Samsung has included sustainability-related metrics in organizational unit and executive performance reviews since 2021. Depending on the area or function, these performance metrics include GHG emission reduction metrics, transition to renewable energy, product development with energy efficiency, compliance and affordability.
Finally, in February 2023, Samsung released its sustainability website, a comprehensive platform that provides detailed information on the company’s sustainability-related activities. The site covers a wide range of topics, including strategy and goals, ongoing efforts and progress, environmentally responsible products, policies, quantitative performance data, news and feature stories, as well as recognitions and awards.
The full text of the Samsung Electronics 2023 Sustainability Report can be downloaded here.
For more stories regarding Samsung’s sustainability initiatives and ESG agenda, click here.
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