Samsung Release Billion Dollar Eco-Management Initiative
In an effort to become the top sustainable electronics company, Samsung announced their Eco-Management 2013 Initiative. The company wants to achieve the following in their plan:
- Reduce their carbon emissions in their manufacturing plants by 50%
- Ensuring that 100% of their products are eco-friendly and exceed current eco-mark standards.
- Invest 5.4 trillion Korean won equivalent to approximately $4.33 billion U.S. dollars in eco-management initiatives
- Grow green partnerships with suppliers.
Samsung Electronic’s CEO and vice chairman Yoon-Woo Lee said this about the new initiative:
As a leading global technology company, Samsung Electronics has always taken our environmental responsibilities very seriously, but today we are committing to becoming a truly green enterprise that places eco-management at the very heart of our business decision-making and growth.
Electronics can have a huge impact through their massive use of electricity and tough ways to dispose of. The hope with this plan is to increase energy efficiency on all of their products as well as make materials used in their electronics recyclable. The large $4.3 billion investment will completely revamp all of their facilities and make them much more eco-friendly.
This plan is quite impressive and hopefully will set a higher bar in the electronics industry. They are currently one of the top electronic companies in terms of sales and in quality. I applaud this plan in that it will drastically reduce their impact on the environment.
Comments
Thanks for sharing…Nice Post..
It is rare when a company takes such a step in helping our fragile environment.
If this is true, and not just another promotional move, then I am very happy for the Samsung!!!
Sounds like great goals that Samsung is targeting, personally I hope they are able to reduce their carbon emissions by even more!
Till then,
Jean
The company will also strengthen environmental cooperation with suppliers and partners, including supporting the implementation of green management systems such as ISO 14001, and the establishment of greenhouse gas inventories.
I love all the products of Samsung. And I’m pretty much hopeful that company will make new history with Eco-Management 2013 Initiative program..
I’m glad to see a large corporate company like Samsung take a proactive approach to maintaining eco-friendly conduct. The global economy may be struggling, but more and more companies are realizing that in order to be competitive in the future, they must get serious today about the environmental impact of their products. If the fear of climate change doesn’t spur certain executives, the risk of declining revenues will.
Samsung is really taking a step in the right direction here. Chairman Yoon-Woo Lee seems to really want Samsung to go green. This is great news.
- Robert