Samsung Aims to Achieve Net Zero Emissions by 2050
Samsung today announced plans to achieve enterprise-wide net zero carbon emissions by 2050.
The electronics company is aiming for(Opens in a new window) net zero direct and indirect carbon emissions within its consumer electronics division by 2030, and across all global operations two decades later.
"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," Samsung Electronics CEO Jong-Hee Han said in a statement(Opens in a new window).
"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," he continued.
That includes using more renewable energy and investing 7 trillion won ($5 billion) in eco-friendly tasks like increased water reuse and carbon capture tech, according to the AP(Opens in a new window). All together, the firm expects to reduce some 17 million tons of carbon dioxide-equivalent (CO2e) emissions.
As part of its commitment, Samsung—which joined the global corporate RE100 initiative dedicated to pursuing 100% renewable electricity—aims to match electric power needs of all international markets where it operates (outside of Korea, home to many Samsung Electronics production facilities) with renewable energy within five years.
"Part of Samsung Electronics' pledge for a healthier planet includes ensuring its products are energy-efficient and use less electricity, while also ensuring that the entire product lifecycle is more sustainable, from raw material sourcing to disposal and recycling," the
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