Foreign media evaluation ‘disappointing’ on Samsung Electronics’ carbon neutral goal, a long way to go to global standards

▲ Samsung Electronics announced a new environmental management strategy based on using 100% renewable energy by 2050. The picture shows Samsung Electronics’ Pyeongtaek semiconductor plant.

[비즈니스포스트] Foreign media evaluated Samsung Electronics’ green management goals, such as achieving carbon neutrality by 2050, as merely disappointing compared to major global companies.

As Yun Seok-yeol’s government is rather passive in promoting new and renewable energy, there are increasing demands on Samsung Electronics to show sincerity by increasing direct investment so that it can meet global standards in the eco-friendly field.

Reuters reported on the 20th that Samsung Electronics’ “inertia” in the eco-friendly field is ultimately a product of the Korean government.

This is a criticism of Samsung Electronics’ declaring a ‘new environmental management strategy’ on the 15th and proposing goals such as promoting carbon neutrality by 2050, reducing water use and fine dust production, expanding recycling and reducing product power consumption.

According to the new environmental management strategy, Samsung Electronics is participating in the RE100 campaign to achieve 100% of the company’s use of new and renewable energy, and to this end, it is converting its business sites around the world into sequential to renewable energy.

However, the plan to achieve carbon neutrality in Korea’s energy-intensive business and semiconductor business sites was only presented from a long-term perspective, and there are no specific measures related to the acquisition of new and renewable energy have been prepared again. .

Samsung Electronics referred to the need for policy support at government level because the supply and share of new and renewable energy in Korea is significantly lower than the OECD average and the unit price is also high.

According to Reuters, the target set by Samsung Electronics is far behind that of major competitor Apple, which announced plans to achieve carbon neutrality by 2030, and Japan’s Intel and Sony in 2040.

Taiwan’s TSMC, like Samsung Electronics, introduced 2050 as a carbon-neutral goal, but it is hard to avoid pointing out that Samsung Electronics was the last among major global competitors to propose a mid- to long-term eco-friendly management goal.

However, Reuters evaluated that Korea’s expertise in electricity procurement had an important impact on the background of Samsung Electronics’ late announcement of its goal to achieve 100% of the renewable energy share.

Korea has no renewable energy power generation facilities and the amount of electricity produced by Samsung Electronics in Korea is only 5% of the electricity demand.

Reuters believes that the fact that KEPCO has a monopoly on power generation, transmission and supply is the main cause of the slowdown in Korea’s renewable energy development.

Unless the current situation, where KEPCO focuses on fossil fuel-based power generation, is radically changed, Korea’s situation regarding the shortage of renewable energy will not be fundamentally resolved.

In the end, Reuters recommended that Samsung Electronics should not only rely on the Korean government’s new and renewable energy-related policies, but also strengthen its efforts to achieve carbon neutrality on its own.

This is because if Samsung Electronics fails to establish a ‘global standard’ that meets the global eye level in environmental management, it will inevitably lead to a decline in competitiveness in the medium term. to the long term.

Reuters reported, “Yun Seok-yeol’s administration still prefers nuclear power over renewable energy.

Samsung Electronics said it is making various efforts with its own budget to strengthen eco-friendly management and achieve carbon neutrality.

It includes goals such as building a facility to reduce carbon produced at semiconductor business sites or building a system to store and recycle it, developing fine dust reduction technology, and expanding energy supply and demand renewable abroad.

However, the plan announced by Samsung Electronics does not include a plan to lead change by building its own renewable energy power generation facility to achieve carbon neutrality.

Foreign media evaluation 'disappointing' on Samsung Electronics' carbon neutral goal, a long way to go to global standards
▲ A solar power plant that Apple is investing directly in the state of Texas.

Analysts say that for Samsung Electronics to achieve a true global standard in the environmentally friendly field, it will need to review how to produce and use new and renewable energy on its own, citing the cases of foreign competitors such as Apple.

After realizing the goal of seriously using renewable energy from 2015, Apple has succeeded in implementing 100% renewable energy in its offices, stores and data servers around the world sequentially.

According to Apple’s 2022 Eco-Friendly Report, approximately 13% of the new and renewable energy currently used in business sites around the world is procured from new and renewable energy power plants invested directly by Apple or of new and renewable energy power generation facilities at business sites.

Representative examples include the establishment and operation of a large-scale solar power plant in the United States directly by Apple, and the establishment of an environmentally friendly fund in China to invest in securing new and renewable energy infrastructure.

In addition, from the first half of the year, Apple is leading the regeneration of new and renewable energy in different ways, with 213 partners in 25 countries around the world achieving 100% use of renewable energy.

Apple’s major partners such as LG Display, Samsung SDI, and SK Hynix in Korea are also making various efforts by participating in the project to achieve carbon neutrality. Even Samsung affiliates are participating in the eco-friendly strategy led by Apple, not Samsung Electronics.

There is an order that Samsung Electronics should actively invest in establishing new and renewable energy power plants so that it can be recognized for its sincerity in its new environmental management strategy by benchmarking Apple.

According to the new environmental management strategy, Samsung Electronics has decided to invest more than 7 trillion won in various environmentally friendly projects in the future by 2030. However, it did not disclose the cost to reach the target of 100% of the share of energy renewable. Reporter Kim Yong-won

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