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Climate Change

Dutch pension fund urges Samsung, others to take climate action

South Korean tech giant said to lag Apple in cutting carbon emissions

Dutch pension fund APG says 10 South Korean companies need to do more to help reduce greenhouse gas emissions. (Source photos by screenshot from APG's website and Reuters) 

SEOUL -- A Dutch pension fund is urging Samsung Electronics, SK Hynix and eight other South Korean companies to take climate action, saying they are behind global peers in cutting greenhouse gas emissions.

APG said on Thursday that it has sent a letter to CEOs and chairs of 10 South Korean companies in which it has invested a combined $2.5 billion, challenging them to produce carbon reduction strategies and commitments. Samsung's rate of emissions over revenue stood at 8.7% in 2020, far higher than Apple's 0.3%, the fund said.

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