News Posts matching #Sustainability

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Samsung Electronics Expands its "Green Chip" Line-Up

Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced that five of its memory products achieved global recognition for successfully reducing its carbon emission, while 20 additional memory products received carbon footprint certification. Samsung's automotive LED packages also had their carbon footprint verification, a first in the industry for automotive LED packages, further expanding Samsung's portfolio of eco-conscious "green chips".

"It is exciting to see our environmentally sustainable efforts receiving global acknowledgements," said Seong-dai Jang, Senior Vice President and Head of DS Corporate Sustainability Management Office at Samsung Electronics. "We will continue our path towards a sustainable future with 'greener' chips enabled by Samsung's cutting-edge technology."

Samsung Receives its First Global Carbon Footprint Certification for Logic Chips

Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced that four of its System LSI products received product carbon footprint label certification from the Carbon Trust, the first of Samsung's logic chips to do so. Having received the semiconductor industry's first carbon footprint accreditation for memory chips from the Carbon Trust in 2019, Samsung has now broadened its ESG (Environmental, Social, and Governance) spectrum with this global recognition of 'eco-friendly' logic chips. Samsung also grabbed the industry's first triple Carbon Trust Standard for Carbon, Water and Waste in June 2021.

The Carbon Trust is an independent and expert partner of organizations around the world that advises businesses on their opportunities in a sustainable, low carbon world. The Carbon Trust also measures and certifies the environmental footprint of organizations, supply chains and products. Of the various certification categories of the Carbon Trust, Samsung's System LSI products received the CO2 Measured product carbon footprint label. The label certifies the chip's carbon footprint, which informs consumers of the impact that the product and its manufacturing process have on the environment. Receiving the CO₂ Measured label is a critical first step for carbon reduction, since it verifies the current carbon emissions of the product with globally recognized specifications (PAS 2050), which Samsung can use as a benchmark to measure future carbon reductions.

Micron Closes Sustainability-Linked Credit Facilities Totaling Nearly $3.7 Billion

Micron Technology, Inc. (Nasdaq: MU), today announced the successful closing of nearly $3.7 billion inaugural sustainability-linked credit facilities. The facilities, which create additional long-term value for Micron's stakeholders, reinforce the company's commitment to sustainability and 2030 environmental goals.

These facilities comprise a five-year $2.5 billion sustainability-linked revolving credit facility, which matures in May 2026, and a nearly $1.2 billion sustainability-linked term loan A, which matures in October 2024. The credit facility agreements refinance Micron's existing revolving credit and term loan A facilities with no impact to cash or debt balances while reducing future interest expense. Both the revolving credit facility and term loan A feature pricing adjustment mechanisms linking Micron's financial pricing to meeting the environmental targets the company has set for greenhouse gas (GHG) emission intensity, waste diversion from landfills and Responsible Business Alliance (RBA) score metrics. Crédit Agricole Corporate and Investment Bank (CIB) served as the sole sustainability structuring agent on both credit facilities.

This transaction reflects Micron's leadership in sustainable financing and positions the company as a top-five corporate sustainability-linked credit facility issuer in the U.S. while reaffirming Crédit Agricole CIB's role as a strategic investment bank and partner to global companies for sustainability.

Samsung Announces New Sustainability Policy, Phasing Out Plastic Packaging Materials

This piece of news is slightly off the beaten path for our usual coverage of solely PC hardware or gaming, but I think that Samsung's overall size in the worldwide market merits a headline. Sustainability efforts have been increasing for a number of years now (albeit slower than many of us would like), and Samsung, being the giant corporation that it is with threads in all sorts of product lines, has taken a bold step in achieving environmental sustainability. Plastic used for product packaging is being phased out with recyclable, environmentally-friendly products. Some plastic usages will be kept, though even those will see a revised, recycled-plastic or bioplastic materials.
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