What you should know
- Samsung has unveiled a new strategy for the environment.
- The company plans to have net zero carbon emissions by the year 2050.
- Samsung has set its goal to achieve zero carbon emissions by 2030 for its consumer electronics division.
Samsung has invested KRW 7 trillion (around $5 billion) in a new strategy to reduce carbon emissions and make its electronic products more eco-friendly.
The company’s plan to reach its environmental goal involves developing energy-efficient technologies, making clean air technology, and creating innovative products. Samsung plans to make these changes in its Device eXperience division (DX), a little earlier to reach net zero carbon by 2030. DX, the company’s consumer electronics unit, produces smartphones, televisions and other electronic devices.
Samsung already took small steps in that direction. Samsung, for example, has already taken small steps in this direction. Repurposed ocean-bound plasticsAs a raw material for many of our products best Samsung phonesIncludes the Samsung Galaxy S22 series. Its Galaxy Z Fold 4Z Flip 4, Buds 2 Pro, and Z Flip 4 were also available Made using repurposed fish nets. These materials will be used throughout the company’s product line in future.
Samsung notes that 17 million tonnes of carbon dioxide equivalent emissions were emitted by its DX division last year.
“The climate crisis is one of the greatest challenges of our time. The consequences of inaction are unimaginable and require the contribution of every one of us, including businesses and governments,” Jong-Hee Han, vice chairman and CEO of Samsung Electronics, said in a Statement(opens in a new tab. “Samsung is responding to the threats of climate change with a comprehensive plan that includes reducing emissions, new sustainability practices and the development of innovative technologies and products that are better for our planet.”
Samsung clearly has set a high goal to eliminate carbon emissions. The South Korean tech giant Samsung will use technologies to reduce greenhouse gases and gas byproducts in its chip manufacturing process.
The company plans to also install treatment facilities at its chip production plants and to use carbon capture technology to convert the carbon emissions from its semiconductor plants to a sustainable source of energy.
Similar plans were previously revealed by other chipmaking giants. Intel, for example, has promised to have net-zero greenhouse gas emission by 2040. AMD, however, only intends to cut its operational carbon emissions by half.
Samsung will be net-zero in five years, although it may take longer. However, it intends to meet the electric power needs of all other markets that it serves with renewable energy. It will achieve this by joining the RE100 initiative through which it will enter into power purchasing agreements.
Samsung has already made it possible to match electric power demands in the U.S. and China with renewable energy. Next is to increase power purchase agreements in these markets for renewable energy.
