Samsung wants to hit zero carbon emissions by 2050 with $5B in investments

What you need to know

  • Samsung has announced a new environmental strategy.
  • The company aims to reach net zero carbon emissions by 2050.
  • For its consumer electronics division, Samsung aims to hit its zero-carbon target by 2030.

Samsung is investing KRW 7 trillion, or around $5 billion, in a new environmental strategy meant to turn its chips and electronic product manufacturing into an eco-friendly process and reach net zero carbon emissions by 2050.

The company’s blueprint to achieve its environmental goal includes making energy-efficient products, developing innovative technologies, and using clean air technology. However, Samsung intends to implement these changes in its Device eXperience (DX) division a bit earlier in order to achieve net zero carbon by 2030. DX is the company’s consumer electronics division, which produces smartphones, televisions, and other electronic devices.

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