Right now Samsung C&T, an affiliate of Samsung Group, is considering involvement in a new dirty coal power project in Vietnam, Vung Ang 2.
The world cannot afford to build any outdated fossil fuel projects.
Samsung, is this the "innovative" future you are building for us?
Don't build any new coal plants.
Vung Ang 2 is a controversial project. Banks such as UK's Standard Chartered and Singapore's OCBC have already publicly cut links to the deal.
Hong Kong’s CLP is trying to sell its stake due to climate concerns.
To bolster its brand, Samsung makes a big show of ‘acting for a low carbon future.’
It’s so-called sustainability commitments even win it awards.
Samsung's actions don't match the rhetoric.
Despite over 120 global financial institutions implementing policies to exit coal, Samsung’s insurance arm, Samsung Fire and Marine, is described as ‘missing in action’.
COAL IS A
Coal is the biggest threat to the global climate and air pollution is reported to kill over 70,000 Vietnamese every year.
Samsung’s environmental credibility will be destroyed if it agrees to build Vung Ang 2.