Potential offtaker

Samsung Electronics

www.samsung.com

Estimated electricity consumption

N/A

Countries of production presence

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Samsung Electronics is a South Korean multinational company that operates in the mobile phone sector. The company has been at the forefront of technological innovation and has been a leading player in the mobile phone industry. Samsung Electronics has been committed to sustainability and has been actively working towards decarbonisation and the use of renewable energy sources.

Decarbonisation is the process of reducing carbon emissions and moving towards a low-carbon economy. Samsung Electronics has been actively working towards decarbonisation by reducing its carbon footprint and promoting the use of renewable energy sources. The company has set ambitious targets to reduce its carbon emissions and has been working towards achieving these targets.

One of the ways in which Samsung Electronics has been working towards decarbonisation is through corporate energy management. The company has been implementing energy-efficient technologies and practices in its operations to reduce its energy consumption and carbon emissions. Samsung Electronics has been using energy-efficient lighting, heating, and cooling systems, and has been implementing energy-efficient processes in its manufacturing facilities.

Another way in which Samsung Electronics has been working towards decarbonisation is through the use of renewable energy sources. The company has been investing in renewable energy projects and has been promoting the use of renewable energy sources in its operations. Samsung Electronics has been using solar power and wind power to generate electricity in its manufacturing facilities and has been investing in renewable energy projects to support the transition to a low-carbon economy.

Corporate power purchase agreements (PPAs) have been an important tool for Samsung Electronics in promoting the use of renewable energy sources. A corporate PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy from the provider. Samsung Electronics has been signing corporate PPAs with renewable energy providers to purchase renewable energy for its operations. These PPAs have helped Samsung Electronics to reduce its carbon footprint and promote the use of renewable energy sources.

Samsung Electronics has been a leader in the use of corporate PPAs in South Korea. In 2019, the company signed a 15-year corporate PPA with a renewable energy provider to purchase 42,000 MWh of renewable energy per year. This was the largest corporate PPA signed in South Korea at the time and helped Samsung Electronics to reduce its carbon footprint by 21,000 tons per year.

Renewable energy has been a key focus area for Samsung Electronics in its sustainability efforts. The company has set a target to use 100% renewable energy in its operations by 2020. To achieve this target, Samsung Electronics has been investing in renewable energy projects and has been promoting the use of renewable energy sources in its operations.

In 2018, Samsung Electronics announced that it had achieved its target of using 100% renewable energy in its operations in the United States, Europe, and China. The company had installed solar panels in its manufacturing facilities and had signed corporate PPAs with renewable energy providers to purchase renewable energy for its operations.

Samsung Electronics has been recognized for its sustainability efforts and has received several awards and certifications. In 2020, the company was included in the Dow Jones Sustainability Indices (DJSI) for the tenth consecutive year. The DJSI is a global index that tracks the performance of companies in terms of sustainability and corporate responsibility.

In conclusion, Samsung Electronics is a South Korean multinational company that operates in the mobile phone sector. The company has been committed to sustainability and has been actively working towards decarbonisation and the use of renewable energy sources. Samsung Electronics has been implementing energy-efficient technologies and practices in its operations, signing corporate PPAs with renewable energy providers, and investing in renewable energy projects to reduce its carbon footprint and promote the use of renewable energy sources. The company has set ambitious targets to use 100% renewable energy in its operations and has been recognized for its sustainability efforts.

✓ Current offtaker under Corporate PPA's
✓ Climate Action 100+ company