Samsung Electro Mechanics

Samsung Electro Mechanics's reported carbon emissions

Samsung Electro-Mechanics (KR), an electrical machinery and apparatus manufacturer, reported a total of approximately 1.99 billion kg CO2e for the year 2024. This figure encompasses Scope 1, Scope 2 (market-based), and Scope 3 emissions. For Scope 1, emissions were approximately 94.48 million kg CO2e. Scope 2 emissions, calculated on a market-based approach, were about 1.25 billion kg CO2e, while the location-based figure was approximately 1.40 billion kg CO2e. Scope 3 emissions totalled approximately 647.65 million kg CO2e, with the largest contributors being purchased goods and services (approximately 302.19 million kg CO2e) and processing of sold products (approximately 146.15 million kg CO2e). In 2023, the company's total emissions were approximately 1.90 billion kg CO2e. Scope 1 emissions were about 106.48 million kg CO2e. Scope 2 emissions (market-based) stood at approximately 1.21 billion kg CO2e, and Scope 3 emissions were approximately 576.80 million kg CO2e, with purchased goods and services accounting for the largest portion at approximately 318.81 million kg CO2e. Samsung Electro-Mechanics has set several climate commitments: * A long-term target to reduce absolute Scope 1 and Scope 2 emissions by 57% from 2014 levels by 2040. * A goal to achieve 100% renewable energy use by 2050. This will be accomplished through on-site solar power systems, power purchase agreements (PPAs), renewable energy certificates (RECs), and off-site PPAs. * The company is also installing and operating treatment systems to reduce Scope 1 emissions from process gas usage. * A near-term target to convert 100% of its corporate vehicles to electric vehicles by 2030. * An intensity-based target to reduce greenhouse gas emissions per unit of revenue by 7% by 2025, compared to 2014 levels.