Samsung E&A Co Ltd

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In 2021, we have established and implemented two strategies: 'Project Delivery Solution', a growth strategy for the existing EPC market, and 'Beyond EPC: Green Solution for Net Zero' to foster new ESG-based businesses. We are striving to secure the necessary technologies to enter the green infrastructure and hydrogen energy business, and we are proposing ideas for energy consumption and greenhouse gas reduction to major customers by optimizing plant operation.
In particular, our executives are actively participating in climate change activities. The CEO is responsible for enterprise-wide environmental management and oversees the company's response to climate change. The CFO (General Manager of Management Support) is responsible for company-wide risk management, and is continuously discussing new and renewable energy, greenhouse gas reduction, and innovation for energy conservation. The CEO and management are encouraging active responses to climate change through a reward program based on climate change-related performance, such as greenhouse gas reduction performance. Samsung Engineering identifies risks and opportunities posed by climate change at the company-wide and project level. and reflect them in decision-making according to their importance and impact. Major risks include related policy and legal risks, technical risks related to the demand for low-carbon technology transition, and physical risks caused by abnormal climate events such as typhoons and floods.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Samsung Engineering is establishing and promoting a strategy called 'Beyond EPC Solution' based on ESG, a strategy to secure new businesses in the EPC market in order to foster new businesses in 2022. We are striving to secure the technology necessary to advance into the CCUS and green hydrogen energy business, and we are proposing ideas to reduce energy consumption and GHG emissions to our major customers by optimizing plant operation. In addition, climate change risks are monitored and managed through the ESG Working Group, and major issues are discussed with the ESG Working Group composed of executives on a quarterly basis. In particular, in October 2022, the ESG Committee established the basic direction of 'Participation in overcoming the global climate crisis' and the environmental management promotion plan ('100% renewable energy conversion and achievement of carbon neutrality', minimization of waste landfill, and 'resource circulation improvement' of water resource conservation activities). and established Samsung Engineering's ESG management system. In addition, climate change is the most important issue in the environment and energy sector, and GHG emission management is the most important in responding to/adapting to climate change. Therefore, under the supervision of the Environmental Management Group, the adequacy of performance management is verified through verification by a third-party external organization for GHG emissions Scopes 1, 2, and 3 calculated using the 'IPCC Guidelines for National Greenhouse Gas Inventories, 2006' every year. In addition, in December 2022, we completed a consulting business contract to acquire ISO50001 certification to advance Samsung Engineering's energy monitoring system, and in June, we offered an ISO50001 comprehensive consulting services for energy/environmental management managers at the project sites.