Samsung Electronics Co., Ltd. is mainly engaged in the production of consumer electronic products. The company produces consumer electronics, including color televisions (CTVs), monitors, printers, air conditioners, refrigerators, laundry machines, and others; information technology & mobile communications, including computers, handhold phones, network systems, and digital cameras; as well as device solutions, which includes dynamic random access memories (DRAMs), flashes, and thin film transistor-liquid crystal displays (TFT-LCDs).
Samsung recognizes the importance of climate risks and actively integrates policies and measures to minimize its impacts. In regards to its products, the company implements eco-design for a wide range of products, innovating ways to improve product efficiency and pursing formal “eco” ratings for most development projects coming down the pipeline. Samsung also carries out a significant amount of recycling to ensure responsible disposal of its products at the end of life. On the operations side, the company has adopted a Global Environmental, Health and Safety system, sets environmental targets and undertakes energy and water conservation projects. Samsung also expects its suppliers to consider environmental and social risks, requiring them to comply with formal standards for quality and environmental management; notably, over 2,000 of the company’s suppliers obtained an ISO 14001 certification. Additionally, Samsung is a member of the Electronic Industry Citizenship Coalition and conducts third-party audits across relevant codes and policies for human rights, the results of which are reported in its annual sustainability report.
Despite strong employee engagement programs, Samsung has lagging compensation policies. In addition, the company faces antitrust litigation and fails to implement corporate governance best practices.
Industry: Information Technology
Country: South Korea
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.