Samsung Electronics Aims to Achieve Net Zero Emissions by 2050; to Invest Over $5 Billion: Report

Samsung will also set long-term goals to reduce the emissions in supply chains.

Written by Jasmin Jose, Edited by Siddharth Suvarna | Updated: 15 September 2022 11:26 IST

Samsung Electronics Aims to Achieve Net Zero Emissions by 2050; to Invest Over $5 Billion: Report

Samsung aims to reduce emissions from process gases, by controlling and recycling electronic waste

Highlights

Samsung aims to reduce emissions from process gases
The company plans to develop new technologies
Samsung’s step in the positive direction has drawn praise from investors

Samsung Electronics is reportedly targeting net zero emissions by 2050 and plans to invest over $5 billion (roughly Rs. 39,760 crore) as it is shifting away from fossil fuels. The South Korean company has said that it plans to achieve net zero emissions across its smartphone, television, and consumer divisions by the end of this decade and across all global operations including semiconductors by 2050. Money will be invested in projects including reducing emissions from process gases, controlling, and recycling electronic waste.

According to a recent report by Reuters, Samsung Electronics is targeting net zero emissions by 2050 and plans to invest over $5 billion (roughly Rs. 39,760 crore) towards the goal.

As mentioned earlier, Samsung has set 2030 as the deadline to achieve net zero emissions across its smartphone, television, and consumer divisions. The tech giant plans to achieve net zero across all global operations by 2050.

Samsung Discloses July US Data Breach That Exposed Users' Personal Data

To recall, Samsung aims to reduce emissions from process gases, by controlling and recycling electronic waste, conserving water, and minimising pollutants.

The South Korean company also has plans to develop new technologies to decrease the power consumption in consumer electronics and data centres. Samsung will also set long-term goals to reduce the emissions in supply chains and logistics.

Galaxy Z Flip, Z Flip 5G Getting September 2022 Security Update: Report

Samsung's step forward in the positive direction has drawn praise from its investors.

Apple unveiled eight new products at its September ‘Far Out' event. Which ones will float — and which will sink? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.