Samsung

Samsung's reported carbon emissions

Samsung, a leading entity in Semiconductor and Related Device Manufacturing headquartered in South Korea (KR), reported significant carbon emissions in its latest disclosures. For the reporting year 2024, the company's total absolute emissions across Scopes 1, 2, and 3 amounted to approximately 124.5 billion kg CO2e. This figure comprises 4.73 billion kg CO2e for Scope 1, and 10.16 billion kg CO2e for Scope 2 (market-based). Scope 3 emissions were substantially higher, reaching approximately 105.61 billion kg CO2e, with the majority attributed to the use of sold products (approximately 82.71 billion kg CO2e) and purchased goods and services (approximately 10.83 billion kg CO2e). In 2023, Samsung's total emissions were approximately 124.29 billion kg CO2e, with Scope 1 at 3.73 billion kg CO2e, Scope 2 (market-based) at 9.56 billion kg CO2e, and Scope 3 at approximately 106.97 billion kg CO2e. The previous year, 2022, saw total emissions of approximately 137.90 billion kg CO2e, including Scope 1 at 5.97 billion kg CO2e, Scope 2 (market-based) at 9.08 billion kg CO2e, and Scope 3 at approximately 115.96 billion kg CO2e. Samsung has established several climate commitments and reduction targets. Notably, the company aims for net zero Scope 1 and 2 emissions by 2050. More imminently, the DS Division has announced its goal for net zero Scope 1 and 2 emissions by 2050, while the DX Division plans to achieve net zero Scope 1 and 2 emissions by 2030. Furthermore, Samsung has committed to reducing its absolute GHG emissions by 30% by 2030 from a 2020 baseline across Scopes 1 and 2. In terms of near-term goals, Samsung aims to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade (2025). The company is also transitioning its corporate vehicle fleet to electric vehicles by 2027 and completing energy transition at all global operations sites by 2027, with specific targets for regional completion. Previous intensity-based targets included a 70% reduction in GHG emission intensity by 2020 compared to 2008 levels.