Samsung Named World's Most Sustainable Technology Company
Sep 21, 2011
| Print this page
Appliance and consumer electronics maker Samsung Electronics Company was named the world's most sustainable technology company in the 2011 Dow Jones Sustainability Index (DJSI) annual review. Samsung said the ranking came as a result of its performance across a range of economic, environmental, and social criteria.
Samsung received a total score of 86, the highest sustainability assessment of 52 companies listed in the technology supersector, which combines five technology sectors.
"This result is reflection of Samsung's belief that we can deliver positive value by protecting the environment and contributing to communities in which we operate while generating economic performance," Byungsuk Choi, executive vice president and head of the Partner Collaboration Center, Samsung Electronics.
The DJSI review highlighted the company's leadership in Climate Strategy, Environmental Reporting, and Product Stewardship. As of the first half of 2011, Samsung has reduced its greenhouse gas emissions at its manufacturing facilities by 38% on a sales-normalized basis against 2008 levels, putting it on-track to exceed its target of a 50% reduction by 2013. The company also operates recycling and take-back programs in more than 60 countries worldwide, with its Samsung Recycling Direct program now spanning more than 1,150 locations in North America.
In the Economic measure, Samsung received the technology supersector's top assessment for Product Quality and Recall Management, Risk & Crisis Management, as well as Customer Relationship Management.
Samsung was first listed in the DJSI in September 2009 and received a gold class listing in the semiconductors sector in September 2010, indicating its total score was within 5 percent of the sector leader.
Launched in 1999, the DJSI is a global assessment of the sustainability performance of the world's leading companies. Selection into the DJSI World is based on an analysis of economic, environmental, and social performance by Sustainable Asset Management (SAM), an investment specialist group focused exclusively on sustainability investment strategies.
Back to Breaking News