Samsung Display has made a commitment to use 100% renewable electricity across both its domestic and international sites as part of its ambition to achieve net zero emissions by 2050.
The South Korean firm has joined RE100, a global initiative to promote the use of 100% green power, with plans to transition all overseas production sites, including in India and Vietnam, by the end 2022.
It also intends to develop low power and eco-friendly products, upgraded every year with the latest innovations, as well as transition all business vehicles to all-electric and hydrogen by 2030 to support its net zero target.
Samsung Display will work global material companies to develop different low-power displays, such as ECO² (ECO Square) OLED™, a technology that increases panel brightness by internalising polarising plate functions and reduces power consumption by 25% to 52%.
In addition, it plans to design processes from the initial stage of production with resource recycling in mind to minimise waste and establish a circular economy ecosystem.
The company has created a Carbon-Neutral Taskforce division to establish and implement specific roadmaps for each task.
JS Choi, CEO of Samsung Display said: “We are facing serious climate issues that require aggressive action. That’s why environmental strategy must become one of our highest priorities.
“Samsung Display will actively address this climate crisis — humanity’s biggest challenge — by continuing to reduce our carbon emissions, establishing a circular economy ecosystem in the display industry and developing low-power eco-friendly technologies.”