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Samsung announces plans to use 100% renewable energy by 2020
Investors - JUNE 15, 2018

Samsung announces plans to use 100% renewable energy by 2020

by Jody Barhanovich

Samsung Electronics has committed to increase its use of renewable energy in the United States, Europe and China. As part of this effort, Samsung plans to source renewable energy for 100 percent of the energy used for all of its factories, office buildings and operational facilities in the United States, Europe and China by 2020. In the medium to long term, the company will seek to further increase its use of renewable energy around the world.

In line with this commitment, Samsung Electronics has joined the World Wildlife Fund’s Renewable Energy Buyers’ Principles and the Rocky Mountain Institute’s Business Renewables Center.

In Korea, Samsung Electronics supports the government’s national strategic plan to increase the country’s renewable energy use by 20 percent by 2030 as well. Beginning this year, as an initial commitment, Samsung will additionally install approximately 42,000 square meters of solar panels in Samsung Digital City. The company will continue to add approximately 21,000 square meters of solar arrays and geothermal power generation facilities beginning 2019 in its Pyeongtaek campus and 2020 in its Hwaseong campus.

With these efforts in place, Samsung Electronics is positioned to increase its use of renewable energy globally to match the equivalent amount of energy created by an average 3.1-gigawatt solar power plant by 2020.

As part of its extended strategy, Samsung Electronics also will engage its partners across the supply chain. Beginning next year, Samsung plans to work with its top 100 partner companies to help them set their own renewable energy targets, in partnership with the Carbon Disclosure Project Supply Chain Program, which the company intends to join next year.

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