Samsung Electro-Mechanics said on the 10th it was selected for the "Platinum Club" in the climate change category at the "CDP Korea Awards," the highest grade in the category. It set a record of eight cumulative selections, the most among domestic corporations.
CDP (Carbon Disclosure Project) is a global nonprofit organization that provides investors and financial institutions each year with information on major listed companies worldwide, including their climate change response strategies, greenhouse gas emissions, and reduction efforts, and CDP assessment results are recognized, along with the Dow Jones Sustainability Indices (DJSI) and the FTSE4Good Index, as among the most credible sustainability management evaluation indicators.
The Platinum Club is the top-tier grade awarded only to those that have remained in the hall of fame for at least four years, and the hall of fame is limited to the top five corporations that have received the highest grade for five consecutive years in CDP assessments. In this assessment, five corporations, including Samsung Electro-Mechanics, were selected for the Platinum Club.
This year's CDP climate change category evaluated 16 items, including energy use, calculation and verification of greenhouse gas emissions, and greenhouse gas reduction targets, covering 22,100 corporations globally.
Samsung Electro-Mechanics was awarded the highest grade across the evaluation items for ▲ phased implementation of its carbon neutrality 2050 plan (Busan/Philippines PPA (renewable energy purchase) contracts, energy reduction, etc.) and regular operation of consultative bodies ▲ regular reporting of climate change issues to the ESG committee within the board of directors ▲ calculation and verification of greenhouse gas emissions (Scope 3) generated throughout all processes of product processing/transportation/disposal.
Samsung Electro-Mechanics also won an excellence award in the water resources category. The water resources category evaluated 14 items, including analysis of opportunities and risk factors and water pollution management systems. In particular, Samsung Electro-Mechanics was recognized for reusing about 11 million tons of water—equivalent to Suwon's one-month water supply—by reducing water use and expanding reuse facilities at domestic and overseas business sites.
Chang Duck-hyun, president of Samsung Electro-Mechanics, said, "We are doing our best for sustainable management, including responding to climate change and minimizing environmental impact," adding, "We will become a trusted corporation by embedding sustainable management."
Meanwhile, Samsung Electro-Mechanics is being recognized for its ESG performance not only by CDP but also by various sustainability evaluation organizations. It has been included for 16 consecutive years in the DJSI, the first among domestic corporations, for 15 consecutive years in the FTSE4Good Index, and earned "zero waste to landfill" certification at all domestic and overseas business sites, being evaluated as a leading ESG corporation.