Samsung Reports Net Zero Progress, Pledges Over $5B by 2030

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Samsung Electronics, the world's biggest mobile phone maker, is almost a third through its goal to be net zero as it ramped up its sustainability efforts in 2022 and pledged more than $5 billion to decarbonize its consumer electronics operation.

carboncredits.com/, Jul. 10, 2023 – 

The South Korean tech major achieves 31% in its transition to meet its target by 2030, up 11% from 2021.

Samsung's Carbon Emissions

Technology companies, which have a significant impact on people and economies, have also been one of the largest carbon emitters. The industry has a carbon emission of 2%-3% of global emissions in 2021, which is close to aviation's footprint.

But the tech sector has been spending huge efforts in cutting down its carbon footprint, with major companies committed to slashing their carbon emissions and targeting net zero emissions.

• Among the major tech companies, Samsung has the biggest footprint of over 20 million metric tonnes (Mt) of CO2 equivalent in 2021.

Samsung Electronics strongly rely on fossil fuels, which is significantly responsible for its carbon footprint. More than 80% of its power consumption is from non-renewable, fossil-fuel-based sources. Both its Scope 1 and 2 emissions for constructing manufacturing lines have been rising as shown below.

Another research by Electrics Hub further shows that the Seoul-based company emits more pollution than any other tech company. Its carbon footprint is equivalent to the emissions of 4.3 million cars on the road each year.

According to the same report, Amazon, the world's biggest e-commerce firm, came second with 16.2 million Mt of CO2. This makes the giant retailer the largest polluter among the "Big Five" tech companies, including Alphabet, Apple, Meta, and Microsoft. The four remaining companies emitted much lower CO2e compared to Samsung.

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