Corporate
Samsung to Plant Millions of Trees to Fight Climate Change
1/3/2022
Addressing climate change requires action. Samsung is committed to doing our part to reduce our environmental footprint by embedding sustainability into our business strategies and operations, developing innovative products for a circular economy, and empowering eco-conscious consumers to make a positive impact in their communities. But we know there is still so much more work to do. That’s why we’re broadening our climate strategy by leveraging existing solutions to capture and sequester carbon dioxide (CO2) from the atmosphere.
Today, Samsung Electronics America is launching a new nature-based project to take actions that support a healthy climate and planet. Our company has set a goal to plant two million trees in Madagascar by the end of the first quarter of 2022. Samsung is partnering with climate solutions platform, veritree, to manage the tree-planting initiative by harnessing blockchain technology to verify and track every step of the reforestation process.
“Samsung’s sustainability journey is an ongoing and multi-faceted one. Investing in tech innovations, such as those that create efficiency improvements and minimize waste, in combination with nature-based solutions, are vital in the fight against climate change,” said Mark Newton, Head of Corporate Sustainability at Samsung Electronics America. “Drawing on our history of open collaboration, we’re teaming up with veritree for the tree-planting initiative as an added way to contribute to a better global society.”
The Ultimate Giving Tree
Trees and forests play a critical role in stabilizing the climate. They impact the carbon cycle, regulate ecosystems, conserve biodiversity, and can help support the well-being and livelihood of local communities. Samsung will work with on-the-ground experts from Eden Reforestation Projects and community members to plant two million mangrove trees near the Mahajanga region of Madagascar, a coastal region faced with biodiversity challenges due to deforestation on an enormous scale. The tropical trees are expected to restore roughly 200 hectares of land and sequester roughly one billion pounds of CO2 over a 25-year period.