Samsung pledges to defeat coronavirus in 2022 sustainability report
Last updated: June 12th, 2020 at 18:31 UTC+01:00
Samsung today released the latest edition of its sustainability report meant to illustrate the forethought that goes into the company'southward business decisions. The 136-folio document unsurprisingly puts Samsung'south COVID-19 response forepart and center. Afterwards all, the effects of the ongoing health crisis are already permeating Samsung'due south many operations across the planet, and so solving the novel coronavirus pandemic is certainly virtually the peak of the chaebol'due south priority listing.
Samsung intends to do so past continuing to invest in countless bleeding-edge technologies, as well as seeking input from its employees of all backgrounds. Its 2020 sustainability report hence reveals the business firm organized a massive online forum encompassing over 100,00 employees for the sole purpose of solving the COVID-19 outbreak. The happening, held in April, shaped Samsung'due south early response to the pandemic, including its decision to form a dedicated crunch team and implement strict quarantine measures minimizing employee infection cases.
Nearly $2 billion in relief efforts
Additionally, Samsung already provided the equivalent of $830 million worth of funds at zero- and depression-cost interest rates to businesses affected past the crisis. The conglomerate'south recent relief efforts also included advanced payments to its many suppliers totaling some $one.08 billion, the report reveals. Moving forward, Samsung intends to continue doubling downwards indirect contributions to the global COVID-19 fight in the course of consumer products and services such every bit smartwatch apps and clemency initiatives.
The 2020 sustainability report too reveals Samsung'due south increased focus on teaching initiatives meant to minimize the chances of another global pandemic happening in the future. Samsung itself previously best-selling information technology has still to feel the worst effects of the coronavirus crunch, though it's non like its production output isn't already sufferring.
Source: https://www.sammobile.com/news/samsung-pledges-to-defeat-coronavirus-in-2020-sustainability-report/
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