Recently, Samsung Electronics published its 2023 sustainability report, in which the company details its sustainability initiatives and its progress in the areas of people, planet, and principles. The most significant events and accomplishments of the past year are highlighted in the report. This is what I mean:
Samsung’s Sustainability Report for 2023
The New Environmental Strategy and the Global Human Rights Principles are examples of the company’s remarkable development or achievements. Achieving net zero in the Device Experience (DX) Division by 2030 and in the Device Solutions (DS) Division (at the business level) by 2050 are two essential goals discussed in the corporation’s New Environmental Strategy.
Samsung has converted all of its operations to 100% renewable energy in Vietnam, India, and Brazil. The plastic components of the company’s goods now include a more significant percentage of recycled resin than before. The company has installed RCSs (Regenerative Catalytic Systems) at its plants to treat process gas and reduce direct greenhouse gas emissions.
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The Hwaseong Campus, one of Samsung’s semiconductor campuses, has been given a Platinum grade by the Alliance for Water Stewardship (AWS) for its measures to return water to its natural state.
The firm is also a member of the Renewable Energy 100, the Asian Clean Energy Coalition, and the Platform for Accelerating the Circular Economy. To further the fight against microplastics, Samsung is working with Patagonia to introduce a filter to their washing machines.
The company’s Global Human Rights Principle details the measures and strategies it plans to take. It is already taking to respect human rights and promote talents, released in the first quarter of this year, in February 2023.
In this vein, Samsung Electronics has established UniverSE (The University of Samsung Electronics) in addition to the FA (Free Agent) project and STEP (Samsung Talent Exchange Program). Finally, the company has developed a sustainability website where interested parties can learn more about the company’s many sustainability-related initiatives.
