Samsung Electronics will power its factories, office buildings and operational facilities around the world entirely with renewable sources.
The tech giant said on Thursday it plans to install solar panels that could pan out to 63,000 square meters and geothermal pumps in its campuses in South Korea by 2020, and it will fully power its sites in Europe, China and the U.S. with renewables by the end of the decade. In order to expand this effort around the world in the medium to long-term, Samsung Electronics joined the Business Renewables Center (BRC), a membership platform that streamlines and accelerates corporate purchasing of renewables.
As an initial step, Samsung Electronics will install solar panels on parking lots and building rooftops at its Suwon headquarters, south of Seoul, covering an area of 42,000 square meters this year. The company will then add 21,000 square meters of solar panels and geothermal power facilities in 2019 for its Pyeongtaek site and in 2020 for its Hwaseong site. Pyeongtaek and Hwaseong are home to the company’s semiconductor operations.
The plan is in line with the government`s national strategic plan to increase the country`s renewable energy use to 20 percent by 2030, and the company will source renewable energy for 100 percent of energy use in Europe, China and the U.S., said a company official.
Samsung Electronics said it will also work with the top 100 partner companies in its supply chain to help them set and achieve their renewable energy targets next year. It will also look to join the global Carbon Disclosure Project (CDP) Supply Chain Program, which helps companies monitor and manage their impact on climate change.
By Lee Jae-cheol and Minu Kim
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