Electronics company - ESG Strategy and Risk Management
Empower
Growth
As part of an interim assignment, Hyacint Consult Partner Famke Schaap supported the EU Public Affairs & ESG Compliance team at Samsung Electronics (Brussels, Belgium). As part of this cooperation, key focus was on:
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Monitoring and influencing of EU legislative developments on sustainability due diligence (CSDDD), forced labour, CSRD (and ESRS reporting standards), as well as trade and customs barriers, export and import restrictions on raw materials and development of the Critical Raw Materials Act (CRMA).
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Supporting in-house awareness on relevant (EU) legislations and industry standards developments (RMI/RBA). Delivered internal training and awareness sessions (on EU policy on trade, customs and CBAM, sustainability due diligence ‘CSDDD’), prepare Q&A’s and information briefings.
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Guide compliance efforts on trade sanctions (Russia), supply chain due diligence (Battery regulation, CSDDD, Forced Labour Regulation). Support content development and review of annual sustainability report and Conflict Minerals report.
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External stakeholder engagement: Lead the process on Sustainability Stakeholders Requests: coordinate and complete responses to outstanding stakeholders requests on ESG matters ie GHG, decarbonization, conflict minerals compliance, CBAM, due diligence approaches, human rights, (Russia) trade sanctions, and develop responses regarding Sustainability Rankings (Corporate Human Rights Benchmark (CHRB) en Know the Chain (KTC).
Outcomes and take-aways:
The 6-month interim assignment, allowed the client to in-source targeted and on-the-job expertise, to complement the team. In times of dynamic changes on trade and sustainability, Hyacint Consult offered the monitoring and coordination that allowed the company to better anticipate impacts and prepare the Samsung Electronics in-house units for compliance and further improvements.
