The APG‘s letter sent to chips-to-gadgets giant Samsung implied that carbon emissions-to-revenue intensity came to 8.7 per cent in 2020, showing a comparison with 0.3 per cent of Apple, which does not manufacture chips, according to local reports.
“(Samsung) shall take bolder actions in recognition of a radical shift that is unravelling,” Park Yoo-kyung, head of Responsible Investment & Governance Asia Pacific at APG Asset Management, told The Korea Herald.
“It is welcoming news that Samsung has pursued eco-friendly business operation, and it is bound to continue. Moreover, we hope to learn about (Samsung‘s) plans to reduce carbon emissions in a way that is more radical than what it is now.”
APG is not the only institutional investor behind the capital that plays the role of a catalyst for businesses’ pursuit of carbon neutrality.
Earlier in January, BlackRock, an…
