Samsung SDI Establishes Sustainability Management Committee to Strengthen ESG Management

Promoting ESG Initiatives Including 100% Renewable Energy Transition and Used Battery Recycling

[Asia Economy Reporter Jin-ho Kim] Samsung SDI has established a 'Sustainability Management Committee' under its board of directors to strengthen ESG (Environmental, Social, and Governance) management.

According to Samsung SDI on the 3rd, the Sustainability Management Committee, composed entirely of four outside directors, is responsible for decision-making on strategies and policies related to the company's sustainability management and matters aimed at enhancing shareholder value.

Additionally, the 'ESG Strategy Group,' which was previously under the Planning Team, has been elevated to the 'Sustainability Management Office' directly under the Chief Financial Officer (CFO). This office is in charge of establishing and promoting ESG strategies, responding to stakeholder cooperation requests, and publishing sustainability reports.

Samsung SDI plans to further strengthen ESG management through this organizational restructuring. Starting with overseas production bases, Samsung SDI is promoting the transition to 100% renewable energy at all domestic and international business sites by 2050.

To reduce greenhouse gas emissions, the company has introduced energy-saving high-efficiency equipment and changed the operation methods of infrastructure facilities. It has also introduced electric vehicles and electric buses for business use at domestic sites and established electric vehicle charging infrastructure. To activate the recycling of used batteries, Samsung SDI has collaborated with specialized companies to build a recycling circulation system for battery scrap (waste) and plans to expand this system to overseas bases in the future.

Yoon-ho Choi, President of Samsung SDI, said, "ESG management is an important strategy that goes beyond corporate social responsibility and determines the future competitiveness of companies," adding, "We will do our best to fulfill social responsibilities regarding the environment and safety, strengthen social contribution and win-win cooperation, and enhance the value for stakeholders, including shareholders."

This content was produced with the assistance of AI translation services.