Samsung to spend $4.29 Billion to reduce greenhouse-gas emissions
By siliconindia   |   Thursday, 23 July 2009, 19:22 IST   |    1 Comments
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Samsung to spend $4.29 Billion to reduce greenhouse-gas emissions
Bangalore: South Korea's Samsung Electronics which makes chips, flat screens and mobile phones, plans to invest 5.4 trillion won (US$4.29 billion) by 2013 to help reduce greenhouse-gas emissions from its factories and products. Of the 5.4 trillion won, the company said it would spend 3.1 trillion won developing eco-friendly products and 2.3 trillion won on energy-saving technologies and greening its manufacturing plants. The "PlanetFirst" project focuses on achieving low-carbon growth, the company said in a statement. It involves cutting greenhouse gas emissions from plants by 50 percent and reducing total indirect emissions from all products by 84 million tons through 2013, as well as ensuring all products exceed global eco-mark standards. The emissions cuts will come through improving the energy efficiency of products including TVs, refrigerators and air conditioners to the highest level in the industry, and reducing standby power consumption. The company is "committing to becoming a truly green enterprise that places eco-management at the very heart of our business decision-making and growth," said Yoon-Woo Lee, Vice Chairman and CEO of Samsung. "We aim to lead the way in tackling the environmental problems that are facing our planet," he added.

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