Samsung Electronics unveils net-zero strategy

South Korea’s Samsung Electronics has announced a new environmental strategy including an aim to achieve net-zero by 2050. The company’s estimates show that this target includes a 17 million ton reduction in carbon emissions relative to 2021 levels. As part of this strategy, the company aims to target emissions in its operational processes, including semiconductor manufacturing, and power consumption-related emissions. Additionally, Samsung Electronics will seek to meet electricity demand for global operations solely through renewables by 2050. Vice chairman and CEO Jong-Hee Han said: “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.”