Samsung E&A announced on the 28th that it has published its '2024 Sustainability Management Report,' which contains the direction and strategy for carbon neutrality, energy transition, and technological innovation to achieve sustainable growth.
The report explained that it identifies five key issues based on Samsung E&A's ESG strategy framework. To strengthen its capacity for implementing sustainable management, Samsung E&A established its own ESG strategy framework last year.
This year's report is structured based on that strategy framework and particularly includes the sustainability management achievements and activities related to the five key issues: ▲ low-carbon industrial transition ▲ eco-friendly technological innovation ▲ climate change response ▲ enhanced health and safety ▲ ethical management.
Samsung E&A has been continuously striving to achieve carbon neutrality and participate in overcoming the global climate crisis. Following the goal established in 2022 to reach net zero by 2050 and to use 100% renewable energy by 2030, it is currently promoting energy efficiency across all its locations through certification of the international standard for energy management systems, ISO 50001.
Additionally, it is making various efforts such as transitioning domestic business vehicles to zero-emission cars, purchasing green premiums, and acquiring renewable energy certificates.
In particular, it has been expanding the use of renewable energy through the purchase of renewable energy certificates at its overseas business sites in Thailand, Hungary, and Mexico. Moreover, it is systematically integrating and managing greenhouse gas emissions generated at domestic and overseas business sites by enhancing its self-developed environmental energy management system (SEEM-S).
This report also reveals Samsung E&A's E&Able and AHEAD strategies, which pursue sustainable management and solutions to social challenges, based on its energy transition business and technological innovation. E&Able is an energy transition and eco-friendly solution centered around E&Able Low (low carbon), E&Able Zero (zero carbon), and E&Able Circle (environment).
In addition, it includes the latest achievements and activities in the various areas of ESG, such as expanding investments in eco-friendly technology corporations (environment), enhancing employee diversity through the 'Global Mobility' program (society), and shareholder return policies (governance).
Namgoong Hong, CEO of Samsung E&A, stated, "We will continue to communicate transparently with stakeholders through our sustainable management activities," and added, "We will advance our sustainable strategy and innovation to take the lead in solving social challenges such as the climate crisis."