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Hon Hai Technology Group (Foxconn) GHG Reduction Targets Validated by SBTi
2023/04/11
Hon Hai Technology Group (Foxconn) GHG Reduction Targets Validated by SBTi
Ambition in line with 1.5°C trajectory, a climate action imperative 11 April 2023, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced it received internationally-recognized, science-based validation for its near-term targets to reduce greenhouse gas (GHG) emissions by the end of this decade, affirming the climate mitigation strategy by the world’s largest electronics manufacturer is on the right track. The validation by the Science Based Target initiative (SBTi) means Foxconn’s committed targets are in line with a 1.5°C trajectory, a crucial threshold from pre-industrial levels on global warming for ensuring a safer, sustainable world. As part of the journey stages under SBTi, Foxconn first committed to ambitious carbon reductions in 2021, and followed up with a detailed submission under Foxconn’s formal name. The SBTi approved Hon Hai Precision Industry Co Ltd.’s near-term science-based emissions reduction target. Detailed in April 2022, the company commits to reduce absolute GHG emissions 42% by 2030, from a 2020 base year.  "After Foxconn issued our eight, long-term environmental goals last year, we worked to ensure each goal could meet international standards and stand up to science-based review. Going forward, we will continue to collaborate with third-party organizations to conduct systematic data analysis and regularly review the Group’s green performance,” says Foxconn Chief Environment Officer Ron Horng. The SBTi validation is part of the global initiative by CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.     More background In recent months, Foxconn participated in relevant studies to support thinking on climate-oriented solutions, including “Down To Earth”, corporate case studies published by the Asian Corporate Governance Association on climate governance efforts; and “Women in Business, Climate Action Taiwan”, a survey by the British Chamber of Commerce in Taipei on the role of women and Taiwan’s progress on tackling the climate emergency. Foxconn operates 173 campuses in 24 countries, and adheres to the concept of "sustainable operation = EPS+ESG". Foxconn formulates annual energy conservation targets at the beginning of each year and adopts incentive policies to promote energy-saving technology upgrades among various sub-groups and business groups. The Group also actively explores energy-saving technologies and facilitates energy-saving projects. To promote the transformation of Foxconn’s energy structure, the Group continuously increases the installed capacity of rooftop and ground photovoltaic power stations through self-construction and acquisition, while also directly purchasing clean energy and storing electricity during off-peak periods. In carbon inventory work, Foxconn synchronously plans carbon verification at the overall organizational level, adopting the Greenhouse Gas Protocol, an internationally-recognized carbon verification standard, to carry out comprehensive carbon inventory work in scopes 1, 2 and 3. In terms of scope 1 and scope 2 within the Group's operating boundaries, Foxconn employs four major measures to cut GHG emissions: operational energy conservation, direct purchase of green energy, construction of green energy facilities, and investment in purchasing green energy certificates. Foxconn actively works with its supply chain partners to diversify carbon reduction guidance demonstration projects. In initial stages, active communication on carbon reduction planning is conducted with suppliers, with on-site visits and production process investigations done to assess carbon emissions and reduction means. During later stages, a guidance SOP is established with regular verification and exchanges to promote the sharing of carbon reduction achievements.
2023/04/11
Foxconn Partners With Scrappers to Present Their 2023 Season
2023/02/16
Foxconn Partners With Scrappers to Present Their 2023 Season
Niles, OH- Hon Hai Technology Group (“Foxconn”) (TWSE:2317) has partnered with the Mahoning Valley Scrappers to present their 2023 season. This major partnership will provide Foxconn with a significant season-long presence with the Scrappers through community engagement and hospitality. Foxconn will sponsor five unique team specialty jersey nights with jersey proceeds benefiting local community organizations. Foxconn will also sponsor the weekly “Every Sunday Matters” promotion which gives back to local charities every Scrappers Sunday home game. Foxconn Technology Group states, “Foxconn is proud to partner with the Mahoning Valley Scrappers for the 2023 MLB Draft League Season. Foxconn is looking forward to another great season from the Mahoning Valley Scrappers and we pride ourselves on the communities in which we operate. We look forward to enjoying America’s past time with thousands of those who call the Mahoning Valley home and who visit the Mahoning Valley.“ Jordan Taylor, Executive Vice President of HWS Baseball said, “I am so pleased to have Foxconn as our presenting sponsor this season. A partnership between two organizations celebrating 25 years in the valley and a company helping shape the future of the valley promotes pride in our past and excitement for things to come.” “Foxconn’s partnership with the Mahoning Valley Scrappers is just a start to how we will work tirelessly to support the local community through jobs, investment, and opportunities for all those who call the Mahoning Valley home.”, Foxconn Technology Group said. About FOXCONN TECHNOLOGY GROUP: Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. www.honhai.com. About MAHONING VALLEY SCRAPPERS: Mahoning Valley Scrappers are one of six founding member teams in the MLB Draft League, joining the Frederick Keys, State College Spikes, Trenton Thunder, West Virginia Black Bears and Williamsport Crosscutters. The Scrappers are set to open the 2023 season at Eastwood Field on Thursday, June 1 against the West Virginia Black Bears. Opening Night will feature fan favorites post-game fireworks and Buck Night. Scrappers ticket packages and sponsorship opportunities are on sale now. To stay up to date with the Scrappers in the off-season or for more information, visit mvscrappers.com.
2023/02/16
Hon Hai Technology Group (Foxconn) statement regarding MSCI ESG Controversies Report
2022/12/02
Hon Hai Technology Group (Foxconn) statement regarding MSCI ESG Controversies Report
Foxconn is fully in compliance with our Group’s Code of Conduct (CoC). It is clearly regulated in our Group’s CoC that “Forced, bonded (including debt bondage) or indentured labor, involuntary or exploitative prison labor, slavery or trafficking of persons is not permitted. This includes transporting, harboring, recruiting, transferring or receiving persons by means of threat, force, coercion, abduction or fraud for labor or services.” The Group categorically refutes allegations of forced labor use in our operations. This year, the Group has noted the August 2022 report by the UN OHCHR and there is no mention of Foxconn or related partners in the report. After MSCI issued such ESG Controversies Report, the Group actively initiated a direct conversation with MSCI and we understand MSCI requires external, independent audit report which is publicly available for MSCI to review. Therefore, on November 18, the Company provided the abstract of Responsible Business Alliance (“RBA”) Closure Validated Audit Report (“Audit Report”) to MSCI. The Audit Report was conducted independently by credible third parties - Elevate Limited in May 2020. Among the conclusions related to allegations of forced labor issues, the following were found as verbatim in the Audit Report:   Any type of forced, involuntary or exploitative prison, indentured, bonded (including debt bondage), trafficked or slave labor is not used. Adequate and effective policy and procedures are established ensuring that any form of forced, bonded, involuntary or exploitative prison, trafficked or slave labor is not used. There are no unreasonable restrictions on the movement of workers and their access to basic liberties. As for the other ongoing Controversies issues raised by MSCI, including temporary and dispatch worker’s working condition and wages disputes, we have made our response to such Controversies in our 2021 ESG Insight. The remedies were made to the extent that the Hengyang site where the temporary and dispatch worker’s dispute arose from was subsequently awarded RBA – “Factory of Choice” (FOC) Program One-Star Level, which demonstrated a high-level commitment to the RBA Code of Conduct. [p12] Foxconn welcomes stakeholders and concerned parties to discuss with us, at any time, on any important issues. We believe that direct exchanges can contribute to transparency and accuracy on issues that are critical for the global community. We hope that going forward Foxconn will be provided the opportunity to respond to critical issues ahead of a report's release to allow for fair representation in the final assessment.
2022/12/02
Letter from Chairman on recent ESG initiatives & remedies
2022/11/24
Letter from Chairman on recent ESG initiatives & remedies
To All Our Valuable Stakeholders, We are aware that recent reports by well-regarded research institutions have connected Hon Hai Technology Group (Foxconn) to forced labor issues. I want to resolutely express that Foxconn is fully in compliance with our Group’s Code of Conduct. All workers at Foxconn are recruited openly and compensated fairly and in compliance with all relevant laws and regulations. As you are aware, Foxconn’s Sustainability Committee, which is chaired by myself, integrates on a strategic level and in a coordinated manner the Group’s efforts in Environmental, Social and Governance (ESG) initiatives and remedies. Therefore, please allow me to address some of the recent developments in this important area: The Group has responded to such reports, such as in March 2020 related to a report by the Australian Strategic Policy Institute (ASPI), refuting alleged connection to forced labor issues. The ASPI report is a key citation in the public domain that the current report: “Passively Funding Crimes Against Humanity” bases its findings. We made clear that Foxconn categorically refutes allegations of forced labor use in our operations and issued a publicly available statement. The Group closely follows labor issues and policies around the world to stay updated on best practice and key concerns. This year, the Group has noted the August 2022 report by the UN OHCHR and the February 2022 report by ILO. Both gained wide attention in the global community. There is no mention of Foxconn or related partners in either reports. The Group continues to have direct and open conversations with different ESG agencies, including MSCI and Morningstar Sustainalytics. In most recently dialogues with MSCI, we discussed its November 4 ESG Controversies Report and we understand MSCI requires external, independent audits that are publicly available to respond to forced labor allegations. Therefore, on November 18, the Company provided the abstract of Responsible Business Alliance (“RBA”) Closure Validated Audit Report (“Audit Report”) to MSCI. The Audit Report was conducted independently by credible third parties - Elevate Limited, not RBA itself. Among the conclusions related to allegations of forced labor issues, the following were found as verbatim in the Audit Report:  Any type of forced, involuntary or exploitative prison, indentured, bonded (including debt bondage), trafficked or slave labor is not used.  Adequate and effective policy and procedures are established ensuring that any form of forced, bonded, involuntary or exploitative prison, trafficked or slave labor is not used.  There are no unreasonable restrictions on the movement of workers and their access to basic liberties. In contrast, Morningstar Sustainalytics determined Hon Hai’s rating is maintained at Low Risk 10.4 and our Labour controversial issue risk was assessed to moderate, from significant in November 2022. And Foxconn’s key customer conducts and reviews regularly any possible forced labor practices in its supply chain. In its 2022 Progress Report, the customer stated, “we found no instances where anyone was forced to work in our supply chain.” [p42] As for the other ongoing Controversies issues raised by MSCI, including temporary and dispatch worker’s working condition and wages disputes, we have made our response to such Controversies in our 2021 ESG Insight. The remedies were made to the extent that the Hengyang site where the temporary and dispatch worker’s dispute arose from was subsequently awarded RBA – “Factory of Choice” (FOC) Program One-Star Level, which demonstrated a high-level commitment to the RBA Code of Conduct. [p12] Foxconn welcomes stakeholders and concerned parties to discuss with us, at any time, on any important issues. We believe that direct exchanges can contribute to transparency and accuracy on issues that are critical for the global community. We hope that going forward Foxconn will be provided the opportunity to respond to critical issues ahead of a report's release to allow for fair representation in the final assessment. My utmost thanks to you, Our Valued Stakeholders, for your continuing support of the Group.   Sincerely, Chairman Hon Hai Technology Group (Foxconn)
2022/11/24
Hon Hai Technology Group (Foxconn) statement  regarding report: “Passively Funding Crimes Against Humanity”
2022/11/22
Hon Hai Technology Group (Foxconn) statement regarding report: “Passively Funding Crimes Against Humanity”
Hon Hai Technology Group (Foxconn) statement regarding report: “Passively Funding Crimes Against Humanity” 22 November 2022 Foxconn categorically refutes allegations of forced labor use in our operations. We are aware that past reports by well-regarded research institutions have connected Foxconn to forced labor issues. We have responded to such reports, such as in March 2020 related to a report by the Australian Strategic Policy Institute (ASPI), refuting alleged connection to forced labor issues. The ASPI report is a key citation in the public domain that the current report: “Passively Funding Crimes Against Humanity” bases its findings. [See supplementary context below] Foxconn understands that the current report’s “information is based entirely on public records and corporate declarations. The companies listed … may have changed their labor recruitment strategies or sourcing, but they have not announced those changes publicly and therefore should be assumed to continue to engage in labor transfers (or sourcing from companies that do) until they publicly declare otherwise and provide supporting evidence.” [p13] Foxconn welcomes stakeholders and concerned parties to discuss with us, at any time, such important issues. We believe that direct exchanges can contribute to transparency and accuracy on issues that are critical for the global community. We hope that going forward Foxconn will be provided the opportunity to respond to critical issues ahead of a report's release to allow for fair representation in the final assessment. Foxconn closely follows labor issues and policies around the world to stay updated on best practice and key concerns. This year, the Group has noted the August 2022 report by the UN OHCHR and the February 2022 report by ILO. There is no mention of Foxconn or related partners in either reports. Foxconn’s key customer conducts and reviews regularly any possible forced labor practices in its supply chain. In its 2022 Progress Report, the customer stated, “we found no instances where anyone was forced to work in our supply chain.” [p42] Foxconn will continue to proactively engage with stakeholders to be clear about Foxconn’s principles toward its employees of legality, fairness, impartiality, equality, voluntary actions, honesty, and credibility, as we have publicly stated in our most recent Sustainability Report [p47]. Foxconn is aware that public domain information gets amplified as it passes from news headlines, social media platforms, search engines and news portals. In this dissemination, firsthand information becomes diluted and inaccurate, causing unnecessary reputational damage. We urge stakeholders to source firsthand information where possible, including connecting directly with Foxconn to ensure timely and accurate reporting on important issues.   Supplementary context: Regarding the ASPI report in 2020, the citation about 560 Xinjiang labourers being transferred to work in factories in central Henan province (endnoted in the 2020 report as: ‘Henan aids Hami City, Xinjiang in advancing poverty alleviation’ (河南援疆助力哈密 固提升脱贫攻坚), Hami City Party Building Net (哈密市党建网), 6 September 2019, online) has continued to be re-cycled, despite findings the original document was a government promotional advertisement of a transfer that did not take place. The original document was subsequently scrubbed from the Internet except as a webpage capture. Due to the seriousness of the allegation at the time in the ASPI report, Foxconn conducted a comprehensive internal investigation and, separately, submitted to a third-party audit to clear reputational damage. Both investigation and audit found no so-called Xinjiang workers. The Party-Construction website retracted the self-advertising article, disappearing it from the Internet. The third-party audit is subject to Responsible Business Alliance (RBA) confidentiality and subject to RBA Validated Audit Agreement. However, Foxconn can share the following from the third-party audit: The audit took place from May 7, 2020 to May 8, 2020 at Foxconn’s Zhengzhou campus. Two RBA Auditors spent a total of four person-days onsite. It was a closure audit of all manufacturing buildings and common spaces (canteen, dormitory). Among the conclusions related to allegations of forced labor issues, the following were found as verbatim in the Closure Validated Audit Report: Any type of forced, involuntary or exploitative prison, indentured, bonded (including debt bondage), trafficked or slave labor is not used. Adequate and effective policy and procedures are established ensuring that any form of forced, bonded, involuntary or exploitative prison, trafficked or slave labor is not used. There are no unreasonable restrictions on the movement of workers and their access to basic liberties.
2022/11/22
Hon Hai Reveals 14 Long-Term Governance Goals for ESG
2022/05/16
Hon Hai Reveals 14 Long-Term Governance Goals for ESG
Improving Board Member Diversity and Strengthening Board Responsibility,to uphold Integrity and extend ESG influence to Supply Chain 16 May 2022, Taipei. Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer and service provider, reveals its long-term Governance goals for ESG, focusing on“Market-leading Sustainability” and “Wise Governance”. The Group endeavors to ensure good corporate governance and strong protection of stakeholder interests, demonstrating its dedication to social responsibilities. As a leading technological solution provider, Hon Hai has footprints all over the world, with huge clients and suppliers base, making risk management a challenging task to achieve. However, the Group adheres to the principle of business integrity, striving to improve board diversity and corporate governance, and protect the interests of its stakeholders. This time, Hon Hai puts forward 14 goals on several aspects, including board diversity, supply chain management, cyber security, anti-corruption, and tax policy disclosure, to name but a few, laying out milestone for 2025 and years after: > 50% board members are not concurrently employees or managers of Hon Hai. Increase female boards of directors from 11% to 30%. The performance evaluation of board of directors, Audit committee and Remuneration committee raise to an average of 4.8 points; board of directors and functional committees taking performance evaluation conducted by external experts every 3 years. Disclose information addressing the Group’s tax policy. Keep improving ISO 27001 and assist business units to establish cyber security system. Conduct security test annually for 10 important systems to ensure zero major cyber security incident. Information transparency: 10% increase in annual disclosure of corruption and violations of laws and regulations via employee app. All key electronics suppliers have FMD (Full Materials Declaration) on RoHS-REACH intelligent management platform. Increase the number of designated electronics suppliers achieving Zero Waste to Landfill from 3 to 25. Increase the number of key electronics suppliers using 100% renewable energy to manufacture Hon Hai’s product from 3 to 45. Evaluate and select key electronics suppliers every year. For the suppliers with the poorest ESG performances, Hon Hai reserves the right to reduce annual order quantity or value by 2-5%. Conduct evaluation on all designated suppliers’ ESG performance (including green product, carbon management, social and environmental responsibilities). Coverage rate of designated mechanical supplier audit (conducted every 3 years) reaches 90%. Conflict minerals inquiry response from designated suppliers reaches 100%, ensuring zero use of conflict minerals. “Hon Hai brings its organizational value ‘Sustainability = EPS+ESG’ into practice in its campuses worldwide. Our objective is to create sustainable values through improving transparency on corporate governance. By setting quantitative indicators for our goals, we are engaging our employees and partners as advocates and enablers of ESG improvement”, said Galatea Chao, Chief Audit Executive & Head of G (Governance) Team for Sustainability Committee of Hon Hai Technology Group. Hon Hai, on its way towards sustainable corporate governance, pays close attention to global trends in corporate governance, especially on the composition and gender diversity of the board as well as operational risk management. In this March, a Nomination Committee was established. Recently Hon Hai also revealed the candidates for its board of directors, in which independent directors account for more than 50%. Moreover, among the 9 candidates, 2 are female. The reappointment of directors will be carried out on Hon Hai’s shareholders’ meeting on May. 31. Committed to the implementation of sustainable actions, Hon Hai has set up a Sustainability Committee, with the Group’s Chief Environmental Offer, Chief Human Resource Officer, and Chief Audit Executive being the Heads of E (Environment) Team, S (Social) Team and G (Governance) Team respectively to jointly promote ESG. The Group recently revealed its vision and strategy with 32 long-term goals for employees to work on, showing its determination for the ESG revolution.    About Hon Hai Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317:Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises.   To learn more, visit www.honhai.com
2022/05/16
Hon Hai Reveals 10 Long-Term Social Goals for ESG with Special Focus on Talent Retention and Employees’ Health and Safety
2022/05/06
Hon Hai Reveals 10 Long-Term Social Goals for ESG with Special Focus on Talent Retention and Employees’ Health and Safety
6 May 2022, Taipei. Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer and service provider, reveals its long-term Social goals for ESG, with a main focus on “Positive Development for Happy Employees” and “Reciprocity in Society and Business”. The Group’s action plan includes “Talent Attraction and Retention”, “Talent Training and Development”, “Protection of Employee Rights”, “Assurance of Employees’ Health and Safety” and “Contribution to Social Charity”, showing its high regard for employee caring and determination on the fulfillment of social responsibilities. Having employees from different cultural backgrounds, and at the same time dealing with dissimilar foreign regulations and client standards, employee caring has always been a challenge for Hon Hai, yet it is what the Group values the most. To boost employee wellbeing and nurture positive social environments, Hon Hai puts forward 10 long-term goals and lays out milestone for 2025 and years after: Diversity and inclusion at work, attract and hire more diverse talent, offer and assure equal employment opportunities. Value the voice of employees, continuously improve working environment, increase professional talent retention rate to 88%. Comply with the conventions and guiding principles of the UN’ International Bill of Human Rights and encourage all partners in the value chain to jointly promote. The frequency of human rights audit, which is conducted in all the campuses of the Group and its supply chain manufacturers, is expected to increase from 30 times per year (current policy) to more than 50 times per year. Ensure that no severe labor rights incidents that might damage the reputation of the Group and its clients. Cultivate creative thinking and good working behavior in the workplace, encourage professional development for employees to foster the creation of good products and amazing technologies contributing to the greater good. Offer ≥ 60- hour professional training courses annually for professional, technical people. Maintain the record of 0 case of occupational diseases caused by chemical agents. DIFR (Disabling Injury Frequency Rate) aims at ≤ 0.14 times / 1,000,000 employee-hours of exposure, which is above the industry standard. Reduce DISR (Disabling Injury Severity Rate) to ≤ 6.88 days / 1,000,000 employee-hours of exposure. Assist high-risk suppliers to implement ISO 45001 Occupational Health and Safety Management Systems; implementation rate aims at ≥ 70%. Initiate incentive programs to encourage volunteer services; accumulated service hours aim at ≥ 5,000 hours for the Campuses in Taiwan. “Hon Hai has more than 1 million employees across the globe. It is no easy task to manage employee caring program. However, we take social responsibilities as our business principles. We always do a lot, but our efforts were unknown to the public due to lack of communication. This time, we set 10 concrete long-term Social goals, and many of the indicators are above industry standards. It is a great challenge, but we are determined to achieve our goals”, said Emily Hsia, CHRO & Head of S (Social) Team for Sustainability Committee of Hon Hai Technology Group. Aiming high, Hon Hai’s ESG strategy goes global. Not only does the Group echo the call of action of the UN’s Sustainable Development Goals (SDGs), but it also follows the Responsible Business Alliance (RBA) Code of Conduct. Regular risk assessment and annual audit are thoroughly and strictly conducted. Whenever a deficiency is discovered, immediate corrective actions are required. Striving towards the principle “Sustainable Operations = EPS+ESG”, Hon Hai has received the recognition of “Taiwan Corporate Sustainability Awards (TCSA)” in the category of Talent Development and “Happy Enterprise Award” from 1111 Job Bank. Moreover, Hon Hai was awarded Taiwan Sustainability Action Award (TSAA) with 3 Gold Awards in the category of Technology Education for its accomplishment in publishing Taiwan’s first high school textbook for AI and quantum. Hon Hai gave out its long-term E (Environmental) goals on Earth Day, Apr. 22, and after sharing its S (Social) goals today, the Group will lastly reveal its G (Governance) goals in mid-May.   【About Hon Hai】 Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (2317: Taiwan) is the world’s largest electronics manufacturer. Hon Hai is also the leading technological solution provider, and it continuously leverages its expertise in software and hardware to integrate its unique manufacturing systems with emerging technologies. Hon Hai has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – new-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. In addition to maximizing value-creation for customers who include many of the world’s leading technology companies, Hon Hai is also dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practices model for global enterprises. To learn more, visit www.honhai.com
2022/05/06
Hon Hai reveals Long-Term Environmental Goals on Earth Day Promising to Achieve Net Zero Emissions, 50% green power usage, 60% Plastic Recycling and Zero Waste to Landfill
2022/04/22
Hon Hai reveals Long-Term Environmental Goals on Earth Day Promising to Achieve Net Zero Emissions, 50% green power usage, 60% Plastic Recycling and Zero Waste to Landfill
22 April 2022, Taipei. On Earth Day, Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer and service provider reveals long-term environmental sustainability goals, with “Green Intelligence” and “Circular Economy” as its strategic goals. The Group’s action plan will focus on “clean manufacturing”, “resource management” and “risk management” to demonstrate its determination on environmental protection. Responding to climate change, Hon Hai has set clear strategic environmental goals on several aspects, including net zero emissions, green energy, water conservation, environmental protection, waste reduction and recycling. The Group has also layout milestone for 2025 and years after, with 7 strategic goals as follows: Achieve net zero emissions by 2050 (Reduce 63% by 2035, 42% by 2030, 21% by 2025, based on 2020 standard) Use at least 50% green power by 2030 Reduce water intensity by 6% (compared to 2020) Reach 60% of plastic recycling ratio in all campuses Awarded at least 5 campuses with UL 2799 Gold-Level Certification of Zero Waste Set up monitoring system for industrial wastewater discharge in All campuses Set up air quality monitoring system in at least 3 campuses “Hon Hai used to be a follower in environmental protection, but we have come a long way to become a leader. We use systematic data analysis to conduct regular performance review on the 7 long-term environmental goals we have put forward. In the future, we will continue our collaboration with clients and suppliers to build a sustainable ecosystem, to contribute to the sustainable industrial development”, said Ron Horng, Chief Environmental Officer in Hon Hai Technology Group. Hon Hai has been operating under the guideline of “Sustainability =EPS+ESG”. The Group plans to announce its ESG long-term objectives step by step. On Earth Day, Apr. 22, Hon Hai first gave out its E (Environmental) goals. For the past few years, Hon Hai has been acting on energy conservation, emission reduction and the adopting of green energy, and it has achieved substantial results. In 2021, the Group’s Hengyang Campus and Kunshan Campus in mainland China have both obtained UL 2799, the Highest Platinum Rating for Zero Waste to Landfill; this year, the Group’s Longhua Campus was awarded UL 2799 Gold-Level Certification, becoming the world’s first comprehensive eco-park. Moreover, the Group’s Taipei headquarters recently received the Healthy Building Certification issued by Fitwel. It is the very first factory office in Taiwan to win the prestigious recognition. In terms of green energy, action has also been taken. Hon Hai announced in April that its campuses in Taiwan plan to purchase 2.36 million kWh of green power this year. Up to 2030, the Group’s purchases of green power will amount to 70 million kWh, which will help reduce 35,140 metric tons of CO2 emissions. In hope of gradually increasing the utilization of green energy in its campuses around the world, Hon Hai has already been using solar power as well as investing in the optimization of equipment effectiveness and green power plant. The Group also promised that it will adopt stricter standards to verify the source of the green energy it uses. Keeping up with the global trend of CO2 reduction, Hon Hai also echoes initiatives to reinforce the implementation of its sustainability development goals. In Jan. 2021, the Group proposed commercially ambitious 1.5ºC carbon reduction scenario to the Science Based Targets initiative (SBTi). With the consulting expert’s assistance, the Group has done an accurate calculation of carbon footprint, the result of which shows that one year after, it has fully accomplished the science-based targets in line with the Paris Agreement goals. In Apr. 2022, Hon Hai submitted the application of science-based target setting to the SBTi for assessment. This month, Hon Hai’s CSR Committee renames to “Sustainability Committee”, which will stipulate the direction and goals of ESG. It will start strengthening the management of internal audit activities and make effective use of third-party audit to establish a thorough and rigorous auditing mechanism. Hon Hai plans to establish an ESG goal management platform to record and track its working process and strive for continuous improvement. The Group expects that more partners will join its efforts in moving towards a greener future. To learn more about Hon Hai’s ESG vision, strategies and goals, please visit: https://www.honhai.com/en-us/CSR/ESG-vision-and-strategy
2022/04/22
Hon Hai Longhua Campus awarded UL 2799 Gold-Level Certification of Zero Waste to Landfill Operations, the world’s 1st comprehensive eco-park
2022/04/08
Hon Hai Longhua Campus awarded UL 2799 Gold-Level Certification of Zero Waste to Landfill Operations, the world’s 1st comprehensive eco-park
8 April 2022, Taipei/Shenzhen, Hon Hai Technology Group (Foxconn), the world’s largest technology manufacturer and service provider, has been recognized again for its achievements in promoting the circular economy, and has recently obtained the UL 2799 “Gold Level Certification” for their “Zero Waste to Landfill” efforts at their Shenzhen Longhua Campus in Mainland China. To further their efforts in waste management, the company has pledged to gradually transform all their factory sites into “Zero Waste Factories”. In addition, the company will continue to implement international environmental and sustainability initiatives, which will allow them to build a sustainable business. Achieving “Zero Waste to Landfill Production” is a main goal for Hon Hai Technology Group. To achieve the “Zero Waste to Landfill” policy at its Longhua Campus, Foxconn introduced the Turbo Waste management system in 2021—using technology to better track waste treatment and waste diversion. The company’s efforts were lauded by the Shenzhen municipal government, who designated the Longhua Campus as an “Eco-demonstration Park” for waste management, which will contribute towards Shenzhen’s efforts of being a Zero Waste city. Previously, facilities recognized as Zero Waste to Landfill belonged to one single legal entity and campus. This time, due to the diversification of work patterns as well as living environment and facilities in the Longhua Campus, it has become the very first Eco-demonstration Park granted “Gold Level Certification” in the world. The company’s gold level certification from UL 2799 certifies that their waste management initiatives has resulted in a 99% diversion rate of waste, with 7% thermal processing with energy recovery. These results include waste management across the group’s 14 corporations based at Foxconn’s Longhua Campus, including FIH Mobile, Foxconn Industrial Internet (Fii) and Foxconn Interconnect Technology (FIT). Foxconn will continue to improve its waste management initiatives, with the goal of attaining UL 2799’s platinum certification in the future. “Foxconn Longhua Campus has a long history of development—being awarded UL Group’s gold-level certification is testament of Foxconn’s tangible efforts towards sustainability. We will continue to accelerate our efforts in sustainability, to work towards the goal of a “Zero Waste Factory”. These initiatives implemented will allow us to gradually meet the sustainable development goals advocated by the United Nations”, said Ron Horng, Vice President of Hon Hai Corporate Environment Division. Doug Lockard, Vice President and General Manager of UL Retail and Global Consumer Goods, said ‘‘We are very honored to collaborate with Hon Hai on ESG standards, UL’s waste management and international standards assistances on transparent management and sustainable development; Foxconn Longhua Campus has demonstrated the best practices on material cycle.’’ In addition, in 2021, the Group’s Hengyang Campus and Kunshan Campus in mainland China have both obtained UL 2799, the Highest Platinum Rating for Zero Waste to Landfill in name of one single campus and legal entity. In the future, the implementation of waste sorting and resource recovery policy will be further strengthened with the objective of achieving 100% waste conversion rate. The ESG vision of Hon Hai Technology Group is “Technology for Smart Living, Passion for Sustainable Development, Creation of a Better Future Together”. The company will use its own core competence resources and cooperate with external counseling to invest in green actions and the implementation of the concept of “Sustainable Development = EPS + ESG”. In addition, in response to Climate Action 100+, Hon Hai is ready to submit a 1.5°C carbon reduction commitment with commercial ambition to the Science-based Carbon Targets Initiative (SBTi), which will be more accurate when combined with the Climate-related Financial Disclosure Recommendation (TCFD). It will allow us to manage environmental risks to improve climate-change-resilience and commit to achieving net zero greenhouse gas emissions by 2050.
2022/04/08
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