SEOUL, March 12 (Korea Bizwire) —Samsung Electronics is taking steps to incorporate environmental, social, and governance (ESG) practices into its upcoming 54th regular shareholders’ meeting. The meeting, scheduled for March 15, will feature efforts to reduce paper usage by replacing mail related to the meeting with electronic announcements. The initiative is expected to save approximately [...]
SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics Co.’s Brazil office on Monday (local time) unveiled an online store-dedicated discount policy to promote the recycling of old home appliances. The new program, dubbed EcoTroca, provides a discount coupon to consumers who return old home electronics as a way to encourage their disposal in a proper and sustainable [...]
SEOUL, Feb. 13 (Korea Bizwire) — Samsung Electronics Co. said Monday it aims to broaden the use of eco-conscious materials to all its smartphone products in the coming years. The world’s largest smartphone maker said it plans to use recycled plastic materials in all its new flagship Galaxy smartphones and stop using plastics in packaging [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. is accelerating the implementation of an eco-friendly management strategy by establishing a section dedicated to so-called “low-carbon” meals at its in-house restaurant and launching a “PC Off” initiative. According to industry sources, the global tech giant is scheduled to launch “PlanEat Choice,” a dedicated section for [...]
SEOUL, Jan. 22 (Korea Bizwire) — Consumers will be given 300 won (US$0.24) in cashable points for every beverage they buy in a reusable cup at cafes, the environment ministry said Sunday, in a new waste-reduction program. Under the program, the 300-won “carbon neutrality” points will be paid when consumers buy a beverage either in [...]
TAMPA, Fla., Jan. 17 (Korea Bizwire) — Not only are disposable vaping devices fueling the world’s ongoing youth vaping epidemic, these single-use plastic e-cigarettes are responsible for the growing, exorbitant amount of toxic waste plaguing our earth. As if it isn’t harmful enough that disposable vape products are purposely targeting our youth with brightly colored [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s SK Group said Monday it has signed a partnership deal with the sovereign wealth fund of the United Arab Emirates (UAE) to establish a carbon credit market in Asia, as part of efforts to tackle climate change in the private sector. SK Group Chairman Chey Tae-won signed [...]
SEOUL, Jan. 6 (Korea Bizwire) — The government plans to slap a 150.9 billion-won (US$118.9 million) fine on the country’s leading refinery, Hyundai Oil Bank Corp., for discharging wastewater with unsafe levels of toxic materials, officials said Friday. The fine is around 1 percent of the company’s annual sales and is the largest amount ever [...]
SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Environment has distributed an educational and experience program manual for the exhibition of animals at zoos to municipal governments and zoos across the country. The exemplary cases of the manual indicate that the programs should be halted if visitors do not comply with control or if [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc. said Monday it had set up the Sustainability Reporting System (SRS) to comprehensively unveil its environmental, social and governance (ESG)-related data. The SRS will disclose the memory chip maker’s ESG strategies, objectives, activities, performance and policies. A variety of ESG information ranging from the point of orientation [...]