South Korean multinational corporation Samsung Electronics has revealed its 2023 Sustainability Report, which presents the company’s latest strategies for sustainability across areas such as people, the planet, and principles.
The report highlights Samsung’s advancements, including the introduction of its Global Human Rights Principles and progress in implementing the New Environmental Strategy announced in September 2022.
According to the report, the New Environmental Strategy is a crucial component of Samsung’s growth, outlining the company’s plan to achieve net zero emissions within the Device eXperience (DX) division by 2030 and extends to the entire company by 2050.
“Everyday Sustainability is grounded in a goal to reach net zero carbon emissions by the end of 2030 for our DX Division, and as part of the DX Division, Samsung’s Mobile eXperience (MX) Business is essential in helping us deliver on our commitment,” said Inhee Chung, vice president of the Corporate Sustainability Centre at Samsung Electronics.
Chung further elaborated on its mobile-focused sustainability goals, which include incorporating more recycled materials in all mobile products, eliminating plastics in packaging, achieving zero standby power consumption for smartphone chargers, and striving for zero waste to landfill by 2025.
The report highlights several achievements, including:
- A 10 million tonnes CO2e reduction in scope 1 and 2 emissions
- A 31% transition to renewable energy
- The collection of 600,502 tonnes of e-waste, an increase of 9% from 2021
Alongside its environmental ambitions, Samsung’s 2023 report focuses on its commitment to respecting human rights and nurturing talent. It highlights the Global Human Rights Principles launched by the company in February 2023, which align with global standards such as the UN Guiding Principles on Business and Human Rights (UNGPs).
Additionally, Samsung introduced initiatives in 2022 to support employee growth and satisfaction. These include the Samsung Talent Exchange Program (STEP) and the Free Agent (FA) initiative, which aim to provide employees with opportunities to explore various roles within the company. Furthermore, Samsung launched The University of Samsung Electronics (The UniverSE), a comprehensive training platform designed to facilitate employees’ professional development.
To enhance transparency and showcase its sustainability-related endeavours, Samsung launched its Sustainability Website. Its platform offers a wide range of information, including strategy and goals, environmentally responsible products, progress updates, quantitative performance data, as well as policies and news.
For more detailed information, the full report can be accessed here.
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