“Climate Change: Implications for Defense” that even if we completely stop releasing emission gasses into the atmosphere, the gases that are already there, will affect temperature for centuries[ CITATION Kin14 \l 1033 ]. In the article, “The Key Facts: Climate Change” the author lists several indisputable facts about climate change and states “Today’s warming is due to emissions from fossil fuels”[ CITATION Fas14 \l 1033 ]. Currently Samsung CSR and Sustainability policy, aims to reduce the effects their corporation has on the environment. One of its ongoing goals specifically focuses on reducing GHG emission gases[ CITATION Sam19 \l 1033 ]. However, it appears that even the measures Samsung is taking to reduce their emission footprint, will not be enough to lower global temperatures to prevent or reverse climate change [ CITATION Kin14 \l 1033 ]. On the following page is a table that outlines the internal benefits that Samsung adopted to reduce the effects they are causing on the environment. Some sustainability initiatives include Page | 5
helping local cities clean their water, upcycling measures to reduce waste from their products, reducing GHG emissions. Many of Samsung’s efforts outlined below earned awards, prizes, and recognition, by organizations like ENERGY STAR for their corporate initiatives in sustainability (see Exhibit A for a list of awards received in 2018). All costs referenced in this section, derive from capital funded by Samsung Shareholders and Investor’s to create, implement, and deploy the necessary initiatives (Samsung Electronics, 2019). It should be noted that there are tax related benefits that are associated with expenses due to CSR initiatives, that ultimately reduce the company’s tax liability[ CITATION Lau10 \l 1033 ]. Stakeholder Internal Benefit Costs Environment Samsung collected 3.55 Million tons of e-waste from 2009 – 2018 via e-waste take-back centers [ CITATION Sam19 \l 1033 ]. Cost to set up global e-waste take-back centers which supply CSR a tax benefit. However , the cost of turning the recycle materials to something new may be higher than buying new raw material[ CITATION Lau10 \l 1033 ] . Samsung earned the ISO’s 5000 certificate for adopting energy management system at 34 manufacturing worksites. It holds certification record for having all global sites certified [ CITATION Sam19 \l 1033 ]. ISO 50001, cost offsets by Tax cost savings from being energy efficient[ CITATION Lau10 \l 1033 ]. Participating in the United Nations, World Water Day, and water resources protection. Activities have improved water quality and ecosystems of streams and ponds since 1997.[ CITATION Sam19 \l 1033 ] Costs to fund the clean water operation since 1997; this can view positively by investors who appreciate morality in the company’s they invest in. Addition Samsung gains free advertisement[ CITATION Sam19 \l 1033 ] .
- Summer '17