Samsung plans to announce its climate goals, including joining the RE100 initiative, around the time Yoon Suk-yeol takes office as president of South Korea on May 10.
A well-informed source said that Samsung Electronics is expected to join a group of global corporations committed to using 5% renewable energy in May.
Currently, many of Samsung's partners such as Apple are promoting this plan to contribute to efforts to deal with climate change.
Samsung plans to announce its climate goals, including joining the RE100 initiative, around the time Yoon Suk-yeol takes office as president of South Korea on May 10.
According to this source, Samsung has discussed with President-elect Yoon's transition committee about regulations and barriers related to the use of renewable energy.
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RE100 is a global initiative by the British non-profit organization "Climate Group" (Climate Group) initiated in 2014. Accordingly, companies participating in RE100 commit to using 2050% renewable energy by 100.
Samsung Electronics, the world's largest chip manufacturer, is said to be quite "slow" in making a commitment to using clean energy.
Two years ago, Samsung's domestic rival was SK Hynix has joined the RE100 initiative. Other partners around the world such as Apple, TSMC and Intel are also among the 350 members participating in this initiative.
For a long time, Samsung has acknowledged that it will face risks if it does not take action against climate change. Based on 2020 revenue, Korea's largest corporation is estimated to be at risk of losing up to 25.800 billion won (20,6 billion USD), or 20% of direct business-to-business (B2B) transaction revenue. if not switch to renewable energy.
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Samsung's chip factories in China and the US have used 100% renewable electricity from 2019, but only accounted for 10,7% of the group's total global electricity consumption in 2020.
Samsung's chip factories in Korea alone use 63,5% of total electricity output, mainly fossil fuels. Samsung is building a third chip factory in Pyeongtaek and plans to build three more factories in this city.
According to a Korean parliamentarian, when completed, these plants are expected to consume 21,6 TWh/year, exceeding the total electricity consumption of Busan - Korea's second largest city with 3,3 million people./ .
According to Vietnamplus