Samsung Electronics Co Ltd

The Board of Directors, the highest decision-making body, oversees our sustainability management. The Governance Committee is tasked by the Board to consider sustainability related matters and items that are of interest to various stakeholders in order for us to fulfill our responsibility as a responsible global company. The Committee provides suggestions and opinions on defining our sustainability management strategy. [...] The Board supervises the company's sustainability direction and performance through regular Board meetings and Governance Committee under the Board [...] Sustainability agenda reviewed by the Board of Directors, include environmental matters such as climate change and circular economy, citizenship contributions, labor and human rights, diversity, health and safety, mutual growth with suppliers, compliance and ethics, etc. [...] Head of the Corporate Sustainability Center reports to the Board of Directors and the Governance Committee on main issues discussed at the Sustainability Council.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Samsung Electronics considers environmental issues such as climate change, product energy efficiency, water resources, and waste as important issues. These issues a on the operation and financial performance of the business. This includes establishing strategies for environmental management, discovering implementation tasks, executing investments, and enegaging in external engagement activities. CEO has a responsibility for all of this. The Sustainability Council brings together heads of business units and functional teams responsible for establishing strategies. This allows us to make that our engagement activities are consistent with overall climate change strategy.
In addition, The Environmental Management Task Force develops and oversees environmental management tasks including climate change responses. monitors relevant issues at individual business sites and explores ways to resolve them. The Eco-Council advances strategies to develop eco-conscious products and reviews outcomes.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]SDC was established in 2012, and it was incorporated into the Korea Target Management System, a legal requirement for climate change in Korea, and started to report and manage our greenhouse gas emissions.
In order to achieve successful greenhouse gas reduction, we conducted climate change-related activities together with the Korea Display Industry Association(KDIA). We responded to climate change-related requests from the government together with KDIA, and we also communicated our opinions through KDIA to Korea government. These activities included regularly conducting a research meeting on reduction activities between KDIA and KDIA affiliated companies every year, and occasionally presenting opinions in accordance with the government's enactment and revision of laws. By reflecting the results of these regular and irregular activities in our climate change response strategy, we have been able to successfully achieve our greenhouse gas reduction goals so far.
As examples of activities, various opinions were presented during the first Phase of Korea ETS, such as confirming normal operation and the amount of reduction or exemption, and considering the fairness of distribution by industry and reduction rate. In 2020, we considered together a request to secure the quantity of RECs for the purchase of new and renewable energy, and a price setting plan to minimize the increase in electricity operating costs. In 2021, we published the 2050 Semiconductor/Display Carbon Neutrality Joint Statement, which we signed and endorsed.
In addition, SDC presidents served as the 3rd, 5th and 7th presidents of the Display Industry Association, and the most recent 7th president's term of office was from 2019 to 2021.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes