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Announces first year results of PlanetFirst(TM) initiative to become leading eco-friendly company by 2013
Submitted by: Samsung Electronics Co., Ltd
Posted: Jul 28, 2010 – 10:00 PM EST
SEOUL, South Korea, Jul. 28 /CSRwire/ - Multimillion dollar clean tech investments; top ranked in eco-friendly products; lowered emissions
Samsung Electronics Co., Ltd, a global leader in digital convergence technologies and device solutions, today announced the first year results of its sweeping PlanetFirst™ initiative, a companywide commitment to become one of the world's most environmentally friendly companies by 2013.
Outlining its progress in achieving the comprehensive sustainability goals laid out under the PlanetFirst™ initiative, Samsung said it invested a total of 1.01 trillion Korean won (about US$865 million) in developing environmentally friendly products and building green manufacturing sites in 2009. The company has also reduced sales-normalized greenhouse emissions* from its manufacturing facilities by 31 percent and increased average energy efficiency of its new products by 16 percent.
"Over the past year, Samsung has made a global, companywide commitment to meeting and surpassing our Eco-Management 2013 goals," said Park Sangbum, senior vice president and head of the CS & Environment Center, Samsung Electronics. "We're focused on understanding the impact of everything we do and becoming a true leader in sustainable business practices."
Samsung reported its progress across four core objectives laid out under the Eco-Management 2013 initiative, which was unveiled in July 2009:
Reducing greenhouse emissions from facilities and products
Expanding eco-friendly products offering
Investing in eco-friendly R&D and manufacturing facilities
Building eco-management partnerships with customers and suppliers
Looking ahead, Samsung has pledged to cut cumulative indirect greenhouse gas emissions from all products by 84 million tons over five years and invest a total of 5.4 trillion won (about US$4.28 billion) in various eco-management programs through 2013.
Samsung Electronics released its 2009 - 2010 Sustainability Report in July. For additional information, the report can be located at: http://www.samsung.com/us/aboutsamsung/citizenship/oursustainabilityreports.html
* Greenhouse Gas Emissions Normalized by Sales - Total greenhouse gas emissions are divided by annual revenue in order to provide a consistent measure of green manufacturing efficiency. (unit: tons of CO2e/100 million Korean won revenue)
** Good Eco-Product - Samsung assigns each newly developed product an eco-rating (Eco-Product, Good Eco-Product, or Premium Eco-Product) based on strict internal evaluation criteria. In order to be considered a Good Eco-Product, products must exceed basic industry requirements, exhibit differentiating eco-friendly features and satisfy global eco-mark standards.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.