To ensure the Company's sustainability, the key audit includes factories in Mainland China and India. The purpose of the audit is to make sure all factories comply with ESG standards and effectively manage potential risks. Furthermore, the audit outcome is disclosed to increase the Company's operational transparency. According to the audit, there were 144 non-compliances, achieving an overall compliance rate of 90%. No significant non-compliance was found in labor rights (including forced labor), environment, corporate ethics, supply chain management and management systems. The Group has been closely monitoring the corrective actions for audit findings, achieving a 78% improvement rate for identified non-compliance as of September 2024. Monitoring efforts will continue to address the remaining issues.  

“Hon Hai Sustainable Monitoring Platform” embodies innovative spirit at Group’s 50-year mark 2 September 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced its proprietary platform that can intelligently track sustainability progress at the world’s largest electronics manufacturing service provider has won a Red Dot Award, one of the biggest creative competitions in the world. The “Hon Hai Sustainable Monitoring Platform”, which received a Red Dot Award: Brands & Communication Design, became operational in late 2023 with a user-friendly and compelling interface that belie the complex proprietary technology used to build it. It is instrumental in providing real-time snapshots of how Foxconn is tracking on a company-wide basis against its green goals that align to UN SDGs commitments. The origins of the Red Dot Design Award date back to 1955. Its distinction, the Red Dot, is established internationally as one of the most sought-after quality marks for good design. From products, brand communication and creative projects to design concepts and prototypes, the Red Dot Award documents the most prominent trends worldwide.  “Being recognized with a Red Dot is a fitting milestone for Foxconn on our 50th anniversary this year. We are innovating with information technology capabilities to do our sustainability work better,” Foxconn Vice President and Spokesperson James Wu said. The Star Wars-like, at-a-glance dashboard design of the “Hon Hai Sustainable Monitoring Platform” emphasizes user experience, utilizing dynamic simulation effects and vivid imagery to translate complex ESG data into clear and understandable graphical representations. This greatly enhances the readability and attractiveness of the information, facilitating the understanding and application of data, making it an important support tool for internal corporate decision-making. The custom-made, secure platform can intelligently aggregate data from Foxconn's 205 locations across 24 countries, enabling management to track the real-time progress of ESG goals in each region. Through intelligent analysis, it provides deep insights into each unit's ESG performance and offers timely support to ensure the achievement of ESG objectives. About Red Dot Award: Brands & Communication Design here. 

Sustainability, operational efficiency, first of its kind 17 August 2024, Taipei, Taiwan, and Chennai, India – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) and the state government of Tamil Nadu in India today inaugurated a new residential complex in Vallam Vadagal Industrial Park, providing a sustainable living community for thousands of employees of the world’s largest manufacturing service provider.   The complex, built by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT), is a first of its kind, reflecting active efforts by the local government to attract foreign investment, while meeting investor needs for sustainability and operational efficiency. The Vallam Vadagal residential complex represents Foxconn’s commitment to the health and safety of employees and enables a greater workforce diversity. The women-only residential complex offers peace of mind for employees living away from home and a shorter work commute. “Here, will be home to thousands of women, who will find a job with Foxconn. They will come from many regions in India, from all walks of life, at different stages in their lives,” said Foxconn Chairman Young Liu during the inauguration ceremony held at Vallam Vadagal Industrial Park. “This residential complex is now an important part of Foxconn in Tamil Nadu. It joins our commitment to sustainability in India.” Foxconn’s largest footprint in India is in Tamil Nadu. The new complex reflects the Indian state’s robust economic strategy to be a benchmark for India’s technology industry. The multi-building residential complex, which is 20 minutes from Foxconn’s mega manufacturing site via company shuttle, includes laundromat, gym, recreational areas, cafeteria and dining hall. It is the first industrial housing complex built by SIPCOT within an industrial park. The housing complex will increase Foxconn’s operational efficiency and be managed in line with the Group’s international standards and best practice.   Sustainability highlights for Foxconn’s overall India operations: Validated for Zero Waste To Landfill at Platinum-level UL2799 Constructing zero liquid discharge (ZLD) sewage treatment plant Designed series of energy-saving equipment, saving at least 40% power consumption compared with a traditional plant Constructed rain harvesting system able to store more than 2,000 KL of rainwater Third-party audits completed end-2023 under ERSA 3.0 electronics industry standard: No major risks found [link] About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2023, revenue totaled TWD6.162 trillion (approx. USD198 billion or EUR183 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practice model for global enterprises.To learn more, visit www.honhai.com

25 campuses worldwide detailed in Zero Waste To Landfill 15 August 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today issued its "Environmental Management Manual" for the first time, including mapping out 27 locations in Asia, Europe and the Americas where the Group generates zero waste, demonstrating the progress and integrity in sustainable development from the world’s largest electronics manufacturer. The latest campus to receive the science-based UL2799 validation for Zero Waste to Landfill at the platinum, or highest, level, is the Yantai campus in China. With its 100% diversion, including 6% waste to energy, the achievement of the Yantai campus means the Group has achieved UL2799 validations in five more locations since 2022, ahead of schedule. The UL2799 is an internationally-recognized standard that helps promote pollution reduction and environment protection. Foxconn now has 24 locations recognized at the platinum level, plus 3 at the gold level. With the publication of the “Environmental Management Manual”, Foxconn highlights how clear environmental management policies and procedures enable better identification, assessment, and management of environmental risks. It strengthens the Group’s compliance and competitiveness. As the Group actively makes progress toward its comprehensive zero waste park goal, it is sharing and extending experiences from its largest factories in China to other locations, including Mexico, Brazil, Vietnam, India and the Czech Republic, via internal exchanges and training. Through projects such as reducing raw material usage at the source and increasing the recycling of internal and external packaging materials, Foxconn has gradually reduced incineration and landfill waste to achieve a waste conversion rate of 100%, with incineration heat recovery not exceeding 10%. Foxconn emphasizes end-of-life waste control, employing a proprietary management system for real-time tracking and conducting regular audits of external waste processors to ensure legal waste handling. As of July 2024, the Group’s UL2799 validations cover a total of 47 companies including those with core subsidiaries Foxconn Industrial Internet (Fii), Foxconn Interconnect Technology Ltd (FIT) and FIH Mobile Ltd.  Caption: Hon Hai Technology Group (Foxconn) Zero Waste To Landfill certificate map marks the locations of the 24 platinum-level and 3 gold-level UL2799 around the world. Below is the list of legal entities holding certificates: China Hong Fu Jin Precision Industry (Wuhan) Co., Ltd. FuDing Precision Component (Shenzhen) Co., Ltd. Foxconn Electrical Industry Development (Kunshan) Co., Ltd. Hengyang Futaihong Precision Industrial Co., Ltd Triple Win Technology (Shenzhen) Co., Ltd Shenzhien Fulian Jingjiang Technology Co., Ltd. Interface Optoelectronics (SZ) Co., Ltd Ur Materials Industry (ShenZhen) Co., Ltd Fulian Yuzhan Technology (Shenzhen) Co., Ltd Shenzhen Fulian Fugui Precision Industry Co., Ltd Shenzhen Futaihong Precision Industry Co., Ltd Futaihua Industry (Shenzhen) Co., Ltd Futaihua Industry (Shenzhen) Co., Ltd. - Longhua Branch Foxconn Technology Group Co., Ltd. Hong Zhun Precision Tooling (ShenZhen) Co., Ltd. Shenzhen Fertile Plan International Logistics Co., Ltd. Ur Hongxin Testing Technology (ShenZhen) Co., Ltd. Nanning Fulian Fugui Precision Industry Co., Ltd. Nanning Futaihong Precision Industry Co., Ltd. Fu Yu Electronical Technology (Huai An) Co. Ltd. Fulian Precision Electronics (Tianjin) Co., Ltd. Fulian Cloud Computing (Tianjin) Co., Ltd. Shenzhen Fertile Plan International Logistics Co., Ltd. (Tianjin Branch) Fulian Presision Electronics (Zhengzhou) Co., Ltd. Foxconn technology group, Futaihua Precision Industry (Weihai) Co., Ltd. Fulian Technology (Shanxi) Co., Ltd. Hong Fu Jin Precision Industry (ChongQing) Co., Ltd. Foxconn Precision Electronics (Tai Yuan) Co., Ltd. Hongtujin Precision Electronics (Zhengzhou) Co., Ltd. FIH Precision Electronics (LangFang) CO., LTD. Henan Fuchi Technology Co., Ltd. Fu Tai Hua Industry (Shenzhen) Co., Ltd. Fulian Yuzhan Technology (Henan) Co., Ltd. Hong Fu Tai Precision Electrons (Yantai) Co., Ltd. Hong Fu Jin Precision Electrons (Yantai) Co., Ltd. Futaijing Precision Electronics (Yantai) Co., Ltd. Taiwan Hon Hai Global Headquarters (Hon Hai Precision Industry Co. Ltd. Factory 3) India Foxconn Hon-Hai Technology India Mega Development Private Ltd. Competition Team Technology India Pvt. Ltd. Vietnam Fuhong Precision Component (Bac Giang) Co., Ltd. (Quang Chau P Zone) Funing Precision Component Co., Ltd. Fuhong Precision Component (Bac Giang) Co., Ltd. (Dong Vang site) Americas Foxconn Brasil Industria e Comércio LTDA FIH Mexico Industry S.A. de C.V. Europe Foxconn CZ s.r.o Foxconn European Manufacturing Services s.r.o JUSDA Europe s.r.o.   About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2023, revenue totaled TWD6.162 trillion (approx. USD198 billion or EUR183 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is dedicated to championing environmental sustainability in the manufacturing process and serving as a best-practice model for global enterprises. To learn more, visit www.honhai.com

29 July 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317), the world's largest electronics manufacturer, and Extreme Tech Challenge (XTC), the world's largest innovation ecosystem for founders tackling global challenges, announce their partnership, set to invigorate the tech-for-purpose space. Foxconn's involvement in this partnership marks a significant milestone in advancing global innovation for sustainability and environmental impact. At the heart of this collaboration is the Extreme Tech Challenge Semi & AI for Climate Startup Cup. This pioneering competition is scheduled to launch this summer, with its semifinals to be held during TechCrunch Disrupt on October 30, 2024. The event will feature a full pitch program and exclusive VIP networking reception, fostering invaluable connections between visionary startups and industry leaders. The finals round will be held at CES on January 7, 2025. “We are incredibly excited to partner with Foxconn to launch the Semi & AI for Climate Startup Cup,” said Young Sohn, Chairman of the Samsung Semiconductor Advisory Board, Founding Managing Partner at Walden Catalyst Ventures, and Co-founder of Extreme Tech Challenge. “This partnership represents a significant step forward in our mission to harness the power of technology to address the urgent challenge of climate change. With Foxconn's manufacturing expertise and XTC’s global network, we offer visionary founders the platform and jet fuel they need to scale their solutions. Together, we can make meaningful progress towards a sustainable and resilient future.” This partnership represents a powerful fusion of Foxconn's industrial expertise, visionary innovation, and commitment to environmental, social, and governance (ESG) principles. Foxconn aims to amplify its reputation as a leader in electronics manufacturing while driving green manufacturing and producing smart environmental solutions. Through this collaboration, Foxconn is set to not only support but also actively invest in the next generation of deep-tech startups. “This particular challenge aligns with what Foxconn believes in. Semiconductors and artificial intelligence are two key technologies that will help drive sustainable growth for all of us,” said Young Liu, Chairman of Hon Hai Technology Group (Foxconn). “With XTC, we are looking forward to seeing how fresh innovators take these powerful and versatile technologies to innovate for the good.” Foxconn’s dedication to integrating cutting-edge technologies with sustainable solutions aligns perfectly with XTC’s mission. By bridging the gap between visionary startups and industry leaders, Foxconn and XTC are set to ignite a wave of innovation that will drive solutions to some of the world’s most urgent challenges. The competition aims to provide startups with the infrastructure, mentorship, and global reach that only Foxconn, with its vast manufacturing and technological prowess, can offer. This partnership is a testament to what can be achieved when industry giants, ecosystem builders, and visionary startups unite with a shared purpose. This collaboration will also significantly contribute to achieving the UN Sustainable Development Goals. Together, Foxconn and XTC are poised to unlock new possibilities and drive impactful change. Partnering with XTC aligns perfectly with Foxconn's vision of leveraging technology for a better world. Through this competition, they aim to discover and support the next generation of innovators who are addressing critical global challenges. With the combined efforts of Foxconn and XTC, the future of deep-tech innovation looks brighter than ever. This collaboration promises advancements that will not only revolutionize industries but also contribute to a more sustainable world.   About Extreme Tech Challenge (XTC) Founded by legendary Silicon Valley venture capitalists Young Sohn and Bill Tai, XTC is the world’s largest platform to accelerate startups addressing the UN Sustainable Development Goals. Through its startup competitions, innovation programming and panel discussions at leading tech conferences, thought leadership and networking events, XTC provides exceptional founders the potential for global visibility, venture investment, corporate collaborations, and world-class mentorship. Since 2015, XTC finalists have raised $4.4B+ in investment capital. About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2023, revenue totaled TWD6.162 trillion (approx. USD198 billion or EUR183 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with approx. 900,000 employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is 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

Mount Pleasant, WI (July 24, 2024) – We Energies, a Wisconsin-based utility company of WEC Energy Group (NYSE: WEC), and Hon Hai Technology Group ( “Foxconn”) (TWSE:2317) announced the completion of a project to install solar panels at Foxconn’s Science and Technology Park in Mount Pleasant, Wisconsin. “In partnership and collaboration with We Energies, Foxconn is pleased with the end results of this joint effort to integrate green and sustainable practices throughout our manufacturing operations to further achieve our responsibility of protecting the environment,” said Foxconn Technology Group. “As Foxconn’s operations in Wisconsin expand in response to market demand, the presence of renewable energy resources demonstrates our commitment to environmental stewardship across the manufacturing supply chain to our customers and the community.” Foxconn has invested over $1 billion in Wisconsin and today employs over 1,000 employees who manufacture data servers and motherboards for tier-1 customers. These customers look to suppliers such as Foxconn to use renewable sources of energy throughout the manufacturing process when determining additional business growth. The one-megawatt project features nearly 2,000 solar panels capable of producing enough energy to power 300 homes. The unique project design utilizes a mix of single-axis tracking and fixed-tilt panels to maximize the renewable energy production capability. “We’re pleased to bring more clean energy to Wisconsin through this partnership with Foxconn,” said Mike Hooper, president — We Energies.. “As Foxconn expands its operations, this project will deliver affordable, reliable and clean energy for years to come.” The annual energy production expected from this solar project is estimated to offset more than 1,200 metric tons of carbon dioxide (CO2) emissions, equivalent to taking 260 cars off the roads or planting 20,000 trees. During the 30-year life of the system and the agreement between We Energies and Foxconn, the benefits are expected to grow to well over 33,000 metric tons of CO2 removed, 7,200 cars off the road, or 560,000 trees planted. ABOUT WEC ENERGY GROUP WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation’s premier energy companies, serving 4.7 million customers in Wisconsin, Illinois, Michigan and Minnesota. The company’s principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in states ranging from South Dakota to Texas. WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 35,000 stockholders of record, 7,000 employees and more than $43 billion of assets.   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.

No major risks found, proactive effort to cover global footprint this year  12 June 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) has completed independent, third-party audits of eight major manufacturing campuses in China and India, taking action as the world’s largest electronics manufacturing service provider to strengthen sustainability in its operations and serve as a global best-practice model. The findings confirmed the rights and interests of employees. No significant non-compliance were found in the areas examined, including labor, environment, corporate ethics, supply chain management and management systems.  Foxconn’s Sustainability Committee proactively raises awareness on sustainable and sound governance within the Group’s global operations. It began a process late last year to invite independent, third parties to audit campuses. With operations in China and India completing their audits in this round, the next set of third-party audits is being planned. Risk assessments will be performed this year at campuses in Southeast Asia, Europe and the United States to identify key business units for audit.  In the latest round, the audits were conducted by BSI and LRQA (formerly ELEVATE), taking six months to complete, and reviewed operations in Zhengzhou, Chengdu, Guanlan and Hengyang in China; and Andhra Pradesh and Tamil Nadu in India. The audits covered more than 200,000 employees.  The team of 18 auditors focused on labor rights, occupational health and safety, environment, supplier management and related issues. Management procedures, document record-keeping and implementation in each of the areas were examined. Spot checks were done on more than 900 positions and interviews held with direct and indirect reports in individual and group settings. In this audit, China adopted the RBA VAP 7.1 standard that is common in the electronics industry; while India adopted the ERSA 3.0 standard that integrates various industries including electronics. No major hidden risks were found in the areas examined, including any involving forced labor, environment, corporate ethics, supply chain management and management systems. However, a total of 144 deficiencies were identified, primarily in the areas of health and safety and labor conditions. Led by Foxconn’s ESG team, the Group has improved on 49 of them, while the remainder are being tracked and rectified. Sporadic issues in other areas such as environment, ethics and supply chain management are also being improved.

Puts ambition in line with 1.5°C trajectory, a climate action imperative 24 April 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced its overall science-based net-zero targets have been validated by Science Based Target initiative (SBTi), a move the world’s largest electronics manufacturer and technology service provider hopes will accelerate climate action across its value chain. Since 2020 when Foxconn first committed to reaching net zero by 2050, the Group has joined multiple sustainability initiatives aiming to align its operations with the Paris Agreement 1.5°C trajectory, a crucial threshold from pre-industrial levels on global warming for ensuring a safer, sustainable world. “We have always insisted on a green and smart, circular economy in our environmental development strategy. Our various action plans implement Foxconn’s determination and ambition to reduce carbon emissions,” says Foxconn Chief Environment Officer Ron Horng. “This validation by SBTi is an important milestone for Foxconn and motivates the team to continue working hard and take scientific actions to achieve net-zero emissions by 2050.”  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. As part of the journey stages under SBTi, Foxconn submitted its carbon reduction commitment to the global initiative in 2021 and received its first validation on near-term targets in 2023. The following science-based emissions reduction targets were approved in April 2024 by SBTi under Foxconn’s formal name – Hon Hai Precision Industry Co Ltd: - Overall Net-Zero Target: Commits to reach net-zero greenhouse gas emissions across the value chain by 2050 from a 2020 base year. - Near-Term Targets: Commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2020 base year, and also commits to reduce absolute scope 3 GHG emissions 42% within the same timeframe. - Long-Term Targets: Commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2020 base year, and also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. More background:  - On Earth Day 2024, Foxconn announced its worldwide operations will run on 100% renewable electricity by 2040 and that it joined the global initiative RE100. The pledge, on the company’s 50th anniversary, is an acceleration of Foxconn’s determination to move its operations towards a more environmentally friendly and sustainable direction. Foxconn’s renewable energy ratio now exceeds 40%, two years after it first publicly pledged on Earth Day 2022 to use at least 50% green power by 2030.  - For 2023, under CDP’s scoring for environment stewardship, Foxconn earned an (A-) in climate change and an (A) in supplier engagement rating, demonstrating leadership in both areas. It scored a (B) in water security, indicative of good environment management. All three metrics improved from the previous year. - Foxconn’s zero-carbon emission path prioritizes carbon reduction in its own operations (≥3%), builds on-site renewable energy power stations (≥5%), gives priority to carbon reduction in its own operations and then combines it with other carbon reduction strategies, such as introducing renewable electricity (≤82%) and carbon sinks and carbon-negative technologies (≤10%), among measures, to actively implement various action plans to move towards the net zero goal. - Foxconn’s three major climate goals: *Comply with Taiwan’s cabinet-level National Development Council and the carbon emission policies of local governments where the Group’s factories are located. *Ensure the Group’s greenhouse gas (GHG) emissions policies across the value chain are consistent with the goals of the Paris Agreement and reach net zero by 2050. *Take actions to fulfill the following three goals proposed by the Climate Action 100+: 1. Strengthen climate change governance  2. Take action toward the reducing GHG emissions across the value chain 3. Provide disclosures in accordance with the Climate-Related Financial Disclosure Recommendations (TCFD)

＊Foxconn became an official member of RE100 as of 4 July 2024. ＊Additional quote provided below from Head of RE100 Ollie Wilson. Green energy now accounts for over 40% of power consumption in global operations 22 April 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) announced its worldwide operations will run fully on green electricity by 2040 and has joined the global initiative RE100, in a milestone on Earth Day 2024 that adds the world’s largest electronics manufacturer and technology solution provider among the most influential businesses committed to 100% renewable electricity.  The pledge, at the company’s 50th anniversary, is an acceleration of Foxconn’s determination to move its operations towards a more environmentally friendly and sustainable direction. Foxconn’s renewable energy ratio now exceeds 40%, two years after it first publicly pledged on Earth Day 2022 to use at least 50% green power by 2030.  Led by the Climate Group and in partnership with CDP, RE100’s mission is to accelerate change towards zero carbon grids at scale. Foxconn has joined multiple international sustainability initiatives, including environmental reporting non-profit CDP and the GHG validation Science Based Target initiative (SBTi), because it is the right thing to do for ensuring a safer, sustainable world.  "In promoting sustainability, Foxconn will continue to seek the most suitable international standards. This decision to respond to RE100 is based on this thinking. More importantly, we hope to set an example with our supply chain and partners so they will prioritize sustainable management as well,” said Foxconn Chairman and CEO Young Liu, who also heads the Group’s Sustainability Committee. “Foxconn will also promote green energy at its global locations to share, collaborate and thrive with all stakeholders. ‘Sustainable management = EPS + ESG’ is our ultimate vision.”  Ollie Wilson, Head of RE100 said: “We welcome Hon Hai Technology Group to RE100, joining over 25 companies headquartered in Taiwan that are part of RE100. By committing to using 100% renewable electricity by 2040, Hon Hai is highlighting how businesses in Taiwan are pushing for greater access to renewable electricity and are driving forward the transition to renewables.” Earlier this month, Foxconn shared its latest CDP scoring for environment stewardship in 2023. It earned an (A-) in climate change and an (A) in supplier engagement rating, demonstrating leadership in both areas. It scored a (B) in water security, indicative of good environment management. All three metrics improved from the previous year.  In 2020, the Group formally responded to the three goals proposed by the Climate Action 100+ Steering Committee. Foxconn pledged to achieve net-zero emissions in the value chain by 2050, and in 2023 its short-term emission reduction pathway was validated by SBTi. Last year, Foxconn released its first Net Zero Vision Report, based on Task Force on Climate-related Financial Disclosures (TCFD) recommendations. About RE100 here.   

To jointly form RMB 2 billion equity JV & a target size RMB 7 billion green infrastructure fund to invest in renewable energy 13 March 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317), the world’s largest electronics manufacturer and service provider, announced today that it has signed an agreement with Albamen Capital Partners (“Albamen”), a private equity infrastructure investment manager, to form a renewable energy joint venture investment platform and a target size RMB 7 billion green infrastructure fund, aimed at accelerating Foxconn’s supply chain toward its net zero goals.  The JV investment platform will have a total equity capital of RMB 2 billion and aims to acquire operating renewable energy and related infrastructure assets across China, with the ultimate goal of generating 2 terawatt-hours (TWh) of renewable energy every year. The two parties also plan to form a green infrastructure fund with a target size of RMB 7 billion to invest in a portfolio of renewable energy development projects such as solar power, wind power, energy storage and related infrastructure. Once fully invested and operational, the portfolio will generate circa 6 TWh of renewable energy per year. By tapping the green infrastructure fund, Foxconn’s upstream supply chain will have a pathway to clean energy. Facing the urgent challenges of global climate change and energy sustainability, Foxconn deeply understands the key role it plays in achieving net-zero goals in the global technology industry supply chain. The Group has pledged to achieve net-zero emissions in the value chain by 2050, a move that has been welcomed by institutional investors and stewardship providers engaging with the company through the Climate Action 100+ initiative. Foxconn’s near-term emission reduction pathway has been validated under the Science Based Target initiative (SBTi). By the end of last year, Foxconn’s renewable energy ratio exceeded 40%. Strengthening its self-sufficiency in renewable energy like self-built solar power, expanding renewable energy procurement, and investing heavily in renewable energy, underline Foxconn’s commitment to achieving sustainable energy goals, promoting low-carbon production and operation processes, and providing a clear path to achieve its net-zero goals.   About Albamen Albamen (www.albamencapital.com) is a private equity infrastructure investment manager with a focus on renewable energy, digital infrastructure and other power-intensive infrastructure assets in Asia. Its cycle-tested senior management team boasts more than two decades of international experience across asset operations, investment, finance, banking, governance and risk management. Albamen is one of the few investment managers with a full-lifecycle private equity investment track record in investing in Chinese renewable energy. The Albamen senior management team has equity investment experience in over 30+ infrastructure investments spanning Asia, Australasia and Europe, including 1GW wind and solar power projects in China. Through hands-on involvement in optimizing project and engineering design, construction, operations and the capital structure of portfolio companies, together with a focus on compliance, the Albamen team was able to deliver above targeted dividends and capital gains to its investors. Albamen is headquartered in Hong Kong and has offices in Shenzhen and Guangzhou. As at end of February 2024, Albamen has circa USD1.2 billion Assets under Advisement.     About Foxconn Established in 1974 in Taiwan, Hon Hai Technology Group (“Foxconn”) (TWSE:2317) is the world’s largest electronics manufacturer and leading technological solutions provider, ranking in the top 30 among the Fortune Global 500. In 2022, revenue totaled TWD6.62 trillion (approx. USD222 billion or EUR200 billion). The Group’s market share in electronics manufacturing services (EMS) exceeds 40% and covers four major product segments: smart consumer electronics; cloud and networking; computing; and components and others. The Group operates 205 campuses across 24 countries and is one of the world’s largest employers with over a million employees during peak manufacturing season. The Group has expanded its capabilities into the development of electric vehicles, digital health, and robotics, and three key technologies – next-generation communications technology, AI, and semiconductors – which are key to driving its long-term growth strategy. It is 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