Samsung will spend $5.02 billion to become greener

Samsung will spend $5.02 billion to become greener

Samsung Electronics announced a new environmental strategy to achieve carbon neutral status by 2050, and the company will spend approximately 7 trillion South Korean Won on environmental programmes, including the development of solutions to reduce emissions of technological gases, as well as to reduce energy consumption in consumer products.

Projects are also planned to develop technologies for the capture and disposal of carbon and particles of harmful substances in air from the production process, and investments do not include the costs of increasing the use of renewable energy.

As part of the new strategy, the company intends to achieve carbon neutrality for the Domestic Machinery and Microschemistry Divisions by 2030.

Samsung Electronics joined the global RE100 initiative, which aims to use 100% of renewable energy sources, where the company plans to take up electricity consumption by its enterprises in all international markets outside South Korea only from renewable energy sources within five years.

According to the company, of the 17.4 million tonnes of greenhouse gases released by its enterprises in 2021, chips and components accounted for 15.6 million tons, or 90 per cent, while the production of devices, including mobiles, accounted for only 10 per cent of emissions.

In 2021, Samsung's chip and component unit used 144 million tons of water, accounting for 88% of the total amount consumed by the company, equivalent to 164 million tons.

Samsung also plans to increase the processing of metals, such as lithium and cobalt, used in production devices, and to that end the company plans to increase the number of countries where it collects electronic waste from 50 to 180 by 2030.

As part of the implementation of the new Samsung strategy, it is intended to bring the share of reused plastic in its devices to 50% by 2030 and 100% by 2050.

Funding will also be provided for the development of new memory chips with super-low energy consumption, which will significantly reduce the annual energy consumption of memory devices used in data centres and mobile devices by 2025.

In addition, the company plans to introduce energy-saving technologies into the main models of seven household electronics products — smartphones, refrigerators, washing machines, air conditioners, televisions, monitors and PCs — in order to reduce their energy consumption by an average of 30% by 2030 compared with devices with similar 2019 specifications.