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:

1. Diversity and inclusion at work, attract and hire more diverse talent, offer and assure equal employment opportunities.
2. Value the voice of employees, continuously improve working environment, increase professional talent retention rate to 88%.
3. 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.
4. Ensure that no severe labor rights incidents that might damage the reputation of the Group and its clients.
5. 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.
6. Maintain the record of 0 case of occupational diseases caused by chemical agents.
7. DIFR (Disabling Injury Frequency Rate) aims at ≤ 0.14 times / 1,000,000 employee-hours of exposure, which is above the industry standard.
8. Reduce DISR (Disabling Injury Severity Rate) to ≤ 6.88 days / 1,000,000 employee-hours of exposure.
9. Assist high-risk suppliers to implement ISO 45001 Occupational Health and Safety Management Systems; implementation rate aims at ≥ 70%.
10. 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