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Samsung secures 250,000 tons of carbon credits through agroforestry, mangrove projects
Samsung Electronics managed to secure a total of 250,000 tons of carbon credits through agroforestry and mangrove projects in India and Indonesia, according to the company’s 2024 Sustainability Report.
Samsung is especially focusing on reduction projects that not only reduce GHG emissions but also improve the quality of life and income levels of the local community such as cookstoves and agroforestry.
The company also plans for transition to 100% zero-emission vehicles (electric and hydrogen cars) in Korea by 2027. It also plans to continue to implement GHG reduction projects to achieve its direct emission reduction and net zero targets.
The company anticipates that GHG emission reduction targets assigned to companies subject to K-ETS according to the Republic of Korea’s Nationally Determined Contribution (NDC) will continue to be strengthened.
In the short term, the company expects increases in investment due to increasing carbon prices, adopting energy efficient technology, and responding to extreme weather caused damages to be potential risks.
It also expects easing of carbon pricing sensitivity due to securing external carbon credits and energy cost reduction due to deploying highly energy efficient technology to be potential opportunities.
Samsung also anticipates change in consumer spending patterns and preference for environmentally responsible products to be potential mid-term opportunities, while expecting physical impacts like temperature rise and water resource depletion to be potential long term risks.
Samsung US subsidiaries have increased their renewable energy use by means like installing solar power generating facilities in company buildings and purchasing Renewable Energy Certificates (RECs).
Solving the climate crisis facing the world is a task that requires everyone’s participation, and Samsung wants to create a journey together with its suppliers.
Samsung Electronics established an operational system to promote GHG reduction in 2022 and are implementing substantive reduction activities.
It developed a guide to help its suppliers calculate their GHG emissions and set reduction targets, as well as operating a step-by-step support program for reduction activities.
Recycling :
The Device eXperience (DX) Division is striving to apply recycled and recyclable materials. It took note of plastic waste, considered the largest threat to marine environments, and developed innovative technologies to recycle discarded fishing nets.
It is also continually expanding its use of recycled and recyclable materials such as recycled aluminum and glass.
Samsung Electronics reduces environmental impacts by replacing plastics and vinyl used in several products’ packaging with recycled materials while reducing GHG emissions in its product transportation through miniaturizing and lightweighting its packaging.
The Galaxy S24 series launched in 2024 used 100% recycled paper in package boxes as well as for protection papers attached to product front and rear.
The company considers national traits in operating its e-waste recovery and recycling programs, either directly operating recycling centers or collaborating with recycling associations and companies.
It has recovered a total of 6.297 million tons of e-waste from 2009 to 2023. The company will expand its waste product recovery system to all countries with product sales, or approximately 180 countries, and plan to recover a total of 10 million tons of e-Waste by 2030 and 25 million tons by 2050 from 2009.
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