Samsung and Evoqua Water Technology Company

Evoqua Water Technology Company

The strategy for Evoqua Water Technologies is highlighted in the “materiality and our approach” section of the sustainability report. The strategy sets out to achieve the company’s goals. The strategies include creating environmental and social impact of our solutions, fostering sustainable product innovation, promoting communities in which the company works, measuring the environmental impact of company operations, and enhancing socially responsible governance (Evoqua Water Technologies, 2023): Samsung and Evoqua Water Technology Company.

The strategies are provided based on two sustainability reporting frameworks. The two include GRI and SASB. Notably, the frameworks are elaborated in the sustainability report’s appendix section. Even with the frameworks being given, there’s no direct link between the company’s goals and strategies.

Therefore, it was difficult to locate the strategies and frameworks. It required reading through several sections of the sustainability report to identify the strategies. Further, it was difficult to locate the frameworks that are elaborated on in the appendices section of the report.

Samsung

The sustainability report for Samsung SDI identifies strategies that the company should pursue to attain its sustainability goals. First, the company has a strategy of securing a super-gap in technology as a measure to differentiate its products from those of competitors. Essentially, this strategy will assist the company in pursuing the technological innovation goal. Second, the company seeks to attain profitability through a qualitative growth strategy.

Third, the company lists a strategy to maintain quality leadership, strengthen global operations, and create a premier corporate culture. Lastly, the company has a strategy of bolstering a win-win engagement with its partners. The strategies operations reported are based on the TCFD framework pillars, which include governance, strategy, risk management and metrics and markets (Samsung SDI, 2024).

Notably, the strategies are not directly connected with the stated goals. Making it difficult to locate the strategies and frameworks.  Further, the goals are indirectly associated with the goals and priorities. Notably, pursuing the strategies will eventually realize the goals as set in the company’s sustainability report.

References

Evoqua Water Technologies. (2023). Sustainability Report. https://aqua.evoqua.com/sustainability-reports/default.aspx

Samsung SDI. (2024). Sustainability Report. https://www.samsungsdi.com/esg/report/index.html

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Company 1: Evoqua Water Technology

Company 2: Samsung

Briefly summarize the strategies, if any, identified in each company’s sustainability report. Identify any reporting frameworks the reporting references, such as GRI, SASB, and TCFD.

Samsung and Evoqua Water Technology Company

Discuss how easy or difficult it was to find the strategies and frameworks. For example, you might address questions like: Were strategies directly connected with stated goals? Did the frameworks feature prominently or were they buried in the data?