Samsung’s Responsible Business Journey: ESG in Simple Terms

Samsung, one of the world’s largest companies, is taking steps towards responsible business practices. You might have heard about ‘ESG,’ which stands for ‘Environment,’ ‘Social,’ and ‘Governance.’ Samsung values these aspects and is committed to managing them responsibly.

  1. Caring for the EnvironmentSamsung cares about the future and is working to protect the environment. By 2030, they aim to achieve ‘Carbon Neutrality,’ meaning they want to reduce the carbon emissions produced during the creation, use, and disposal of their products. They’re researching ways to minimize carbon emissions and using renewable energy to address climate change.
  2. Contributing to Local CommunitiesSamsung wants to bring positive changes to local communities through its business. They collaborate on projects related to education, healthcare, and the environment. Especially, they support STEM education programs to encourage the dreams of children and teenagers.
  3. Transparent and Efficient Corporate OperationsSamsung is improving how the company operates and makes decisions to strengthen its governance. By enhancing the connection between the holding company and subsidiaries and establishing independent boards, Samsung aims to increase transparency, protect shareholder rights, and operate more efficiently.
  4. Maintaining a Leading Position Through Technological InnovationSamsung continues to lead by constantly innovating its technology. They invest in AI, IoT, 5G, and other key technologies of the Fourth Industrial Revolution. Through innovative products and services, Samsung provides new value to consumers.

Samsung is embracing ESG principles, fulfilling its responsibility to the environment, society, and corporate governance. Whether through eco-friendly practices, community contributions, transparent corporate operations, or technological innovation, Samsung is making a positive impact. The expectation is that they will continue these efforts, contributing to a sustainable future.


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