The South Korean multinational electronic corporation Samsung Electronics has committed $5 billion towards a net zero carbon emissions future.
It says it will invest more than $5 billion in the carbon-neutral mission before 2030, expecting to meet its goal by 2050. Samsung electronics claimed that these plans would help to reduce the effect of climate change. The program will look to modify the procedures involved in manufacturing unprocessed materials, reprocessing, discarding, and electricity and water utilization processes. These plans are reliable and sustainable. A part of the investment will focus on developing novel carbon reduction technologies. They will install treatment facilities on the company’s semiconductor manufacturing lines, which will process gasses from semiconductor manufacturing.
Samsung has the intention to get rid of Scope 1 and Scope 2 of carbon emissions. Scope 1 is the direct carbon emissions from an organization or an industry such as a power plant or a Car company. Scope 2 is the indirect carbon emissions obtained from the creation of power a company buys, like electricity, light, heat, steam, and cooling.
Scope 1 and Scope 2 net zero emissions have been planned for all functions in the digital transformation business. The digital transformation business includes electronics featuring mobile devices, Smart television, computer, appliance, and health instruments. Samsung plans to decrease at least 17 million carbon dioxide emissions in digital devices by 2030.
The news has brought a lot of uproar among investors and activists worldwide. They have complained especially of the imperception of the Samsung company over fossil fuel reliability.
‘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,’ vice chairman and CEO of Samsung Electronics Jong-Hee Han said in a statement.
Samsung Electronics has joined hands with global initiatives to make possible 100 percent renewable energy used by corporations. In addition, companies like Apple, Microsoft, and Taiwan Semi conduct Manufacturing companies have also agreed to the reduction of carbon emissions. The company will rely on power purchase agreements (PPA), renewable energy certificates, and other green funding programs.
To make the net zero emissions by 2050 achievable, Samsung has taken steps by getting consumers to reprocess the used products through its recycling program. Samsung plans also include reducing the use of plastic to make its devices by 50 percent by 2030 and 100 percent by 2050.
Samsung electronics company has started using recycled products for some of their devices, and fishing nets have been used for Galaxy Z fold four and Galaxy x 22 to make its plastics. They say that reprocessing products are helpful and will continue to use them for other devices, especially IoT devices.
It is believable that Samsung Electronics will achieve its goals and plans. This view is because they have a big production operation and succeeded. Therefore, net zero emissions can’t be a failure. After all, their devices are usually exceptional.
Samsung will also introduce a circular economy to reduce waste by emphasizing recycling. It will also invest in ultra-low power memory chips for smartphones and data centers, which are due for operation by 2025.
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