To further the 2050 Zero-Emissions Plans, Samsung Electronics has pledged to invest $5 billion in green projects by 2030.
The Samsung $5 billion green project is expected to be used up during the following eight years, or until 2030.
The largest chip manufacturer in the world said that its consumer electronics segment, which produces mobile phones and televisions, will achieve the net zero objectives by 2030 and that 2050 will be reached for all worldwide activities, including memory chips and semiconductors.
According to Samsung, it will spend around $5 billion by 2030 on environmental activities that include lowering process gas emissions, saving water, increasing the collection of electronic trash, and lowering pollutants.
In that approach, Samsung has already made some initial moves. For several of the top Samsung phones, such as the Samsung Galaxy S22 series, the corporation, for instance, employed recycled plastics that were destined for the ocean as raw materials. It also used fishing nets to make the Galaxy Z Fold 4, Z Flip 4, and Buds 2 Pro. In the future, these materials will be used for the whole company’s product range.
According to Samsung, its DX division was responsible for 17 million tons of emissions last year that are comparable to carbon dioxide.
“One of the biggest problems of our day is the climate disaster. Inaction would have unthinkable implications, necessitating contributions from all of us, including governments and companies. Samsung Electronics Vice Chairman and CEO, Jong-Hee Han, said in a statement.
Samsung wants to improve the recycling of materials like lithium and cobalt used in Samsung products in addition to its net zero emissions and water ambitions. By 2030, it hopes to collect electronic garbage in around 180 countries, up from the 50 or so where it is now doing so.
According to Kim, Samsung also wants to increase the amount of recycled plastic in its products to 50% of all plastic by 2030 and 100% by 2050 and increase the manufacturing of energy-efficient semiconductors and gadgets.
The business also intends to deploy carbon capture technology to turn carbon emissions from its semiconductor operations into a usable source of energy and establish treatment facilities at its chip manufacturing sites.
Other chip-making companies have already revealed identical ideas. While AMD only intends to cut its operating carbon emissions in half by 2030, Intel has pledged to achieve net-zero greenhouse gas emissions by 2040.
Samsung wants to meet the electricity needs of all the markets it operates in outside of Korea with renewable energy within five years, although it may take longer for Samsung to reach net zero. Through its participation in the RE100 program and subsequent execution of power purchase agreements, the firm will succeed.
