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Last updated: September 16th, 2022 at 13:53 UTC+02:00
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Samsung ranked 6th out of 50 in BCG's 2022 list of “Most Innovative Companies” after Apple, Microsoft, Amazon, Alphabet, and Tesla. Once again, in this case, the term “innovative” pertains specifically to these companies' efforts towards changing their business models and products in a way that supports climate and sustainability.
According to the study, Samsung is one of the few companies that have embraced environmental, social, and governance principles to lower its carbon footprint and create sustainable solutions.
As an example of Samsung's recent efforts, the company developed environmentally friendly retail boxes for many of its products and removed the wall charger for smartphones and tablets, as per the EU Commission's regulations. It has extended firmware support for many devices and launched a self-repair program for Galaxy smartphone users in the USA.
More recently, Samsung announced that it wants to achieve net zero carbon emissions by 2050 and has joined the RE100 initiative to achieve its goals. The company is developing solutions to reduce power consumption and maximize product lifecycle. Samsung is also working to conserve water and reduce pollution for its semiconductor manufacturing processes.
Some of the most recent Galaxy flagships even feature non-critical components manufactured from recycled fishing nets and other post-consumer materials. All of these efforts combined, and more, have allowed the company to rank among the most innovative companies of the year.
Mihai is a blogger and column writer at SamMobile. His first Samsung phone was an A800 which took a lot of beating, and a part of him still misses the novelty of the clamshell design. In his free time, he enjoys watching shows, documentaries, and stand-up comedy; listening to music, taking walks, and occasionally playing old(er) video games.
