Identify climate change phenomena and issues
Analyze impacts, risks, and opportunity factors
Risk and opportunity analysis criteria : Stakeholder’s interest / Industry trend / Business impact / Internal capability / Probability of occurrence
Establish response strategies
Implement and monitor projects
Analyze results and check with the target
term Increased costs due to the rise in GHG emissions permit prices and reinforced pollutant discharge regulations * Refer to the Annual Business Report Purchase of permits minimised through GHG emissions reduction activities Easing of price sensitivity by attaining permits through projects in cooperation with outside partners
term Increased investment in high-efficiency equipment, GHG emissions reduction equipment, and water resource recycling equipment Increased R&D investment to develop advanced emissions reduction technologies Reduction of GHG emissions and energy costs of business sites Creation of business opportunities such as energy management systems
term Increased costs for attaining high-efficiency and eco-conscious product certifications Reduced sales of products with low energy efficiency ratings Increased R&D costs for high-efficiency and eco-conscious products Release of high-efficiency and eco-conscious products Leading to increased sales and brand awareness
term Increased production costs due to the rise in short-term energy costs Reduced B2B sales due to customer demand for renewable energy use Energy cost reduction by sourcing renewable energy and participation in renewable power generation projects
term Increased investment costs for the installation of environmental/safety/emergency facilities for natural disaster prevention Increased costs for business restoration and lost business opportunities in the event of a natural disaster Decreased insurance costs through investment in natural disaster response facilities New business opportunities such as the launch of the National Disaster and Safety Network
term Increased business site operating costs due to cooling and heating device installation, etc. Increased investment costs for air pollution prevention equipment installation Increased sales from the expansion of highly efficient air conditioner, air purifier, and dryer businesses
Reducing Greenhouse Gas Emissions and Expansion of Renewable Energy Use
Samsung Electronics is focusing on the reduction of GHG emissions and energy used in manufacturing.
Each business site forecasts the annual GHG emissions and identifies GHG reduction projects that are optimised for the manufacturing process, and also establishes and executes reduction plans.
Since the declaration to expand renewable energy use in 2018, we took into account the renewable energy policies and infrastructure in different global regions to devise specific renewable energy transition plans and implement them sequentially.
Reducing Greenhouse Gas emissions During Use of Products
The Eco-Council comprise environmental specialists and divisional working level consultative groups at Samsung Electronics. They monitor energy-conserving technologies and environmental regulatory trends, and devise strategies to improve the energy efficiency of new product to reduce GHG emissions during the use of the product.