Expanding the circular economy ecosystem, maximizing recycling and protecting irreplaceable resources
- Samsung Display aims to help fight climate change and achieve carbon neutrality by 2050.
- Minimize direct emissions (Scope 1) by expanding process gas reduction equipment and developing alternative gases
- Join the RE100 initiative to minimize indirect emissions (Scope 2)
- Aiming to convert overseas production bases, including Japan, to renewable energy Vietnam When Indiaby 2022
- Convert all commercial vehicles to 100% clean electric and hydrogen vehicles by 2030
- We develop low power consumption and eco-friendly products and upgrade them every year with the latest innovations
- Expand the circular economy ecosystem, recycle critical resources and minimize environmental impact
- Join us in overcoming the global sand depletion crisis by recycling glass, carrier glass, construction materials and fiberglass
- Aggressively invest in improving water-based processes and infrastructure to increase reuse and eliminate waste of this valuable resource
- We design processes from the very beginning of production with recycling in mind, minimizing waste and establishing a circular economy ecosystem.
Seoul, South Korea, October 12, 2022 /PRNewswire/ — Samsung Display today announced its environmental strategy to become carbon neutral by 2050.
To this end, the company recently joined RE100, a global initiative to promote the use of 100% renewable electricity. With the goal of achieving net zero emissions by 2050, Samsung Display aims to use 100% renewable electricity in all of its domestic and foreign operations.
As part of its fight against climate change, Samsung Display leverages continuous R&D and collaboration with global materials companies to develop differentiated low-power displays such as ECO² (ECO Square) OLED™ . The plate works and reduces power consumption by 25% to 52%.
Samsung Display promotes the recycling of process materials and the development of resource-recycling materials to protect irreplaceable resources such as sand and water, and is an eco-friendly economic model that pursues sustainability through resource conservation and recycling. Expand the circular economy ecosystem that is
Until 2040, Samsung Display plans to continue pursuing its environmental strategy through recycling resources, reducing water waste, and developing environmentally friendly materials.
JS Choi, CEO of Samsung Display, said: “Samsung Display will continue to reduce our carbon footprint, establish a circular economy ecosystem in the display industry, and develop low-power, eco-friendly technologies to help address one of humanity’s greatest challenges, the climate crisis. will be dealt with proactively.”
- Promote process gas reduction, alternative gas development and renewable energy use to achieve carbon neutrality by 2050
Samsung Display plans to achieve carbon neutrality by 2050 by reducing both direct (Scope 1) and indirect (Scope 2) carbon emissions. To reach that goal, the company will invest in infrastructure that minimizes direct carbon emissions during the display manufacturing process by reducing the use of electricity, process gases and fuels. Expansion of process gas reduction facilities.Development of low GWP (Global Warming Potential) alternative gas, etc.
To reduce indirect carbon emissions from electricity usage, Samsung Display joined RE100 in September, announcing that it will gradually introduce renewable electricity to its operations worldwide through 2050.
Samsung Display has already completed the conversion of its production bases in China to renewable energy in 2020, and plans to promote the use of renewable energy at all overseas production bases, including China. Vietnam When Indiaby the end of this year.
In addition, the company plans to increase the percentage of environmentally friendly company vehicles each year by participating in the 2030 Pollution-Free Vehicle Conversion 100, which aims to convert all company vehicles to electric or hydrogen vehicles by 2030. is.
Samsung Display is working with global component suppliers to improve the efficiency of organic materials, while in 2021, through the development of low-power, eco-friendly technologies such as ECO² OLED™, we will be able to reduce greenhouses from consumer product production. The plan is to continuously reduce effect gas emissions. ECO² OLED Plus™ in 2022.
- Expand the circular economy ecosystem and pursue sustainable use Irreplaceable resources such as sand and water
Samsung Display aims to establish a circular economy ecosystem in the display industry by minimizing resource waste, designing production processes with resource circulation in mind, and developing recyclable resources. is expanding its efforts.
In preparation for the global sand depletion crisis, Samsung Display continues to cooperate with companies in other sectors to recycle substrate glass and carrier glass (panel mounting glass used in the flexible OLED manufacturing process). We plan to expand the circular economy ecosystem by doing so. Building materials, glass fiber raw materials (used for ship structural materials, automobile interior materials, etc.).
Samsung Display has also developed a common plastic container that can be reused for panel shipping regardless of model. This can replace certain model containers that are normally discarded after use. The company is looking to expand the use of these reusable containers and may replace them with more environmentally friendly materials in the future.
Due to the large amount of water used in the display industry, Samsung Display is increasing its investment in protecting water resources. The company will actively implement water responsibility as part of its 3R (Reduce, Reuse, Recycle) activities and reduce its water usage every year. The company plans to improve manufacturing processes and utility infrastructure and increase investment in advanced water treatment facilities to maximize water reuse.
To achieve carbon neutrality, Samsung Display created a carbon neutral task force division to establish and implement specific roadmaps for each task. Samsung Display will also track the progress of various environmental management initiatives through the Sustainability Council.
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About Samsung Display
Samsung Display Co., Ltd. is an industry leader in providing cutting-edge display solutions to the world. The company extends the display market beyond smartphones, TVs, laptops and monitors to smartwatches, VR, game consoles and automotive applications. In addition, we have close partnerships with various global manufacturers.Head office location Koreawith a range of large-scale facilities, Samsung Display has a production plant China, VietnamWhen Indiaand operates offices in nine countries around the world. Known for innovation, Samsung Display is the world’s first to enable mass production of his OLEDs, leading the foldable display market. We provide consumers with extraordinary experiences and limitless possibilities.
Samsung Display has prioritized environmental and social values throughout the product manufacturing process. We will further evolve into a sustainable organization dedicated to eco-friendly products that contribute to the betterment of mankind.
For more information, please visit www.samsungdisplay.com or http://global.samsungdisplay.com/.
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