Samsung Electronics aims to achieve net zero emissions by 2050; To invest over $5 billion: Report

Samsung Electronics is reportedly targeting net zero emissions by 2050 and plans to invest more than $5 billion (about Rs 39,760 crore) as it moves away from fossil fuels. The South Korean company has said it plans to achieve net zero emissions across its smartphone, television and consumer divisions by the end of this decade and across all global operations, including semiconductors, by 2050. The money will be invested in projects, including reducing emissions from the processes. Recycling of gas, control and electronic waste.

According to a recent report by Reuters, Samsung Electronics is target to It is planned to invest more than $5 billion (about Rs 39,760 crore) towards net zero emissions and target by 2050.

As mentioned earlier, Samsung has set 2030 as the deadline for achieving net zero emissions across its smartphone, television and consumer divisions. The tech giant plans to achieve net zero across all global operations by 2050.

To recall, Samsung aims to reduce emissions from process gases, by controlling and recycling electronic waste, conserving water and reducing pollutants.

The South Korean company also plans to develop new technologies to reduce power consumption in consumer electronics and data centers. Samsung will also set long-term goals to reduce emissions in supply chains and logistics.

Samsung’s move in a positive direction has garnered praise from its investors.