Famous for innovation in consumer electronics and a progressive approach to sustainability, Samsung has been called out by NGOs for links to the construction of the controversial Vung Ang 2 coal-fired power plant in Vietnam.
The proposed plant has been repeatedly targeted by NGOs in recent years for its potential to pollute and exacerbate the climate crisis, and a number of companies including Standard Chartered Bank, OCBC Bank and DBS have withdrawn from Vung Ang 2, citing conflicts with tightened climate policies.
Campaigners have also pointed out that Vung Ang 2 has air pollution standards far lower than those in Korea, which is one of the world’s biggest investors in overseas coal projects.
A collective of green groups including Greenpeace, Solutions for Our Climate and Market Forces said in a campaign due to run in international media this week that Samsung’s involvement in Vung Ang 2 goes against group-level sustainability pledges, which include reducing greenhouse gas emissions, and will tarnish the company’s brand image.
“Innovation is such a big focus for Samsung. It seems odd that a company so focused on building the next new thing wants to build 19th century technology,” Bernadette Maheandiran, a researcher for investments watchdog Market Forces, told Eco-Business.
The campaign launches less than a month after environmental protests prompted Samsung Securities, the conglomerate’s financial investment arm, to withdraw from the Adani Abbot Point coal terminal in Australia. Prostesters had called for a boycott of Samsung products. Tiếp tục đọc “Samsung targeted by NGOs for proposal to build coal power station in Vietnam”