We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The CEO of Samsung C&T, Koh Jung-suk, is the Part-time Vice President of the Korea International Trade Association. (KITA website, last accessed July 2022)
Koh Jung-suk
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The CEO of Samsung C&T, Koh Jung-suk, is the Part-time Vice President of the Korea International Trade Association. (KITA website, last accessed July 2022)
Koh Jung-suk
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The CEO of Samsung C&T, Han Seung-hwan, is a member of the Tourism Committee of Korea Chamber of Commerce and Industry (KCCI). (KCCI website, last accessed October 2022)
Han Seung-hwan (한승환)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
The CEO of Samsung C&T, Han Seung-hwan, is a member of the Tourism Committee of Korea Chamber of Commerce and Industry (KCCI). (KCCI website, last accessed October 2022)
Han Seung-hwan (한승환)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Samsung C&T America is an international member of AFPM (as of January 2023)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Samsung C&T America is an international member of AFPM (as of January 2023)
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: Samsung C&T appears to have very limited engagement with climate policy in South Korea. The company has disclosed engagement with the GHG Target Management System and the Korea Emissions Trading Scheme (K-ETS) in South Korea, and has supported investments in new LNG infrastructure without specifying the need for CCS or methane abatement measures.
Top-line Messaging on Climate Policy: InfluenceMap found limited evidence of clear top-line messaging on climate policy by Samsung C&T. In its 2021 Sustainability Report, published in April 2021, Samsung C&T stated support for ‘global efforts to overcome the climate crisis’, but without a clearly defined timeframe for GHG emissions reductions.
Engagement with Climate-Related Regulations: Samsung C&T appears to have limited direct engagement with climate policy in South Korea. In its CDP 2021 climate change response, Samsung C&T disclosed that it was engaging via the Korea Business Council for Sustainable Development for the ‘enhancement’ of the K-ETS, but did not provide further details on the outcomes sought. In the same CDP response, Samsung C&T disclosed that it was engaging with the Korean Ministry of Land, Infrastructure and Transport for ‘improving and supporting’ the GHG Target Management System, including provisions for increased participation by medium-sized construction companies in the scheme. Samsung C&T has not disclosed a clearly identifiable, dedicated disclosure of its climate change policy positions and engagement activities on its corporate website.
Positioning on Energy Transition: Samsung C&T has limited but negative engagement with the energy transition, by supporting the role of unabated LNG in the energy mix. In a press release published on its corporate website in March 2021, Samsung C&T appeared to support the long-term role of LNG in the energy mix by stating support for a new LNG export base in Qatar. In this press release, Samsung C&T stated that LNG was ‘gaining importance as an eco-friendly natural energy business’. In March 2022, Samsung C&T supported investment in new fossil fuel infrastructure in Vietnam in the form of an LNG import terminal and Combined Cycle Power Plant Project, without specifying the need for CCS or methane abatement measures.
Industry Association Governance: Samsung C&T disclosed its membership to the Construction Association of Korea, the Korea Business Council for Sustainable Development, and the Korea Chamber of Commerce and Industry (KCCI) in its CDP 2021 climate change response. KCCI has actively opposed climate regulations and emissions reduction targets in South Korea. Samsung C&T lacks a dedicated, clearly identifiable disclosure of its engagement with industry associations on its corporate website.