Samsung Electronics Releases 2022 Sustainability Report

Vietnam Development

Samsung Electronics Vietnam plant in Bac Ninh (Photo: VNA)

Samsung Electronics has published the 2022 edition of its Sustainability Report, which summarizes the performance of the company’s sustainability activities in 2021 and includes the main activities under its five sustainability pillars: Environment, Our Employees, Supply Chain sustainable supply, community empowerment and digital responsibility.

In particular, the report highlights the following significant results: stronger sustainability governance in the Board of Directors, expansion of sustainability activities in the business units, adherence to the United Nations Global Compact and placement of the Sustainability Council under the direct supervision of the CEO in 2022.

During 2021, Samsung Electronics prioritized sustainability in the management of its business interests and significantly strengthened its sustainability governance to ensure that this principle continues to apply to all parts of its organization.

To strengthen the oversight of sustainable activities by the Board of Directors in 2021, the Governance Committee, which previously fell under the purview of the Board of Directors, was expanded to the Sustainability Committee in July 2021. The Sustainability Council, an advisory body Executive-level, it was brought under the direction of the CEO in early 2022.

Samsung highlights its effort to offer sustainable products to its customers. As part of these, it has launched eco-conscious innovations such as smartphones and monitors that incorporate recycled materials from discarded fishing nets and plastics from the oceans, and new low-power semiconductors.

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He also highlighted the development of SmartThings Energy, an artificial intelligence-based service that helps conserve energy through a power-saving mode that smart home appliances come equipped with, and SolarCell remote controls, which can be charged by light. from the sun or interior lighting.

In addition, the company increased its use of renewable energy by 31%, compared to 2020, continuously expanding the use of renewable energy in all its facilities around the world.

It also plans to reach 100% renewable energy in its Latin American and Southwest Asian stores by 2025, a goal that has already been achieved in the United States, Europe and China.

The South Korean company is also expanding its cooperation with its stakeholders regarding sustainability. In March 2022, the company joined the UN Global Compact, a specialized organization dependent on the United Nations that was created in 2000 with the aim of promoting the sustainable growth of companies and society in general. It is also developing a washing machine that reduces the impact of microplastics in collaboration with Patagonia.

Finally, Samsung Electronics carried out numerous Corporate Social Responsibility (CSR) activities that focus on education with the aim of fostering the technological capabilities of future generations, Creative Laboratory (C-Lab) projects that contribute to the vitality and diversity of the Korean startup ecosystem and the Future Technology Cultivation Initiative, which supports creative and innovative Research and Development (R&D) in the fields of basic science, novel materials, and information and technology technologies. communication (ICT).

One notable example is that of a team led by professors from the Pohang University of Science and Technology (POSTECH) that is supported by the Cultivating Future Technologies Initiative.

The full text of the Samsung Electronics 2022 Sustainability Report can be downloaded from the official page through the following link:

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