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Hon Hai Technology Group (Foxconn) and Extreme Tech Challenge Partner In Semi & AI For Climate Startup Cup
2024/07/29
Hon Hai Technology Group (Foxconn) and Extreme Tech Challenge Partner In Semi & AI For Climate Startup Cup
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
2024/07/29
We Energies and Foxconn complete clean energy project in Wisconsin
2024/07/24
We Energies and Foxconn complete clean energy project in Wisconsin
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.
2024/07/24
Hon Hai Technology Group (Foxconn) Strengthens Sustainability With Independent Audits At 8 Manufacturing Sites
2024/06/12
Hon Hai Technology Group (Foxconn) Strengthens Sustainability With Independent Audits At 8 Manufacturing Sites
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.
2024/06/12
Hon Hai Technology Group (Foxconn)  Net Zero 2050 Targets Validated by SBTi
2024/04/24
Hon Hai Technology Group (Foxconn) Net Zero 2050 Targets Validated by SBTi
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)
2024/04/24
Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100
2024/04/22
Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100
*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.   
2024/04/22
Hon Hai Technology Group (Foxconn) Partners With Albamen Capital To Advance Renewable Energy Goals
2024/03/13
Hon Hai Technology Group (Foxconn) Partners With Albamen Capital To Advance Renewable Energy Goals
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
2024/03/13
Hon Hai Technology Group (Foxconn) Recognized as Top 100 Global Innovators 2024
2024/03/06
Hon Hai Technology Group (Foxconn) Recognized as Top 100 Global Innovators 2024
Ranked 27th in premier list as Foxconn Chairman authors report’s Foreword   6 March 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) announced it has been named a Top 100 Global Innovators™ 2024. The annual list from Clarivate™, a global leader in providing transformative intelligence, identifies organizations leading the world in technology research and innovation. Foxconn was recognized for the seventh consecutive year, ranking 27th, among the top 100 organizations in a field that has seen competition for exceptional patentable ideas grow more intense. “Foxconn and our affiliates, together, own more than 57,700 patents around the world. This is a reflection of our strong capabilities to solve the problems of our customers. It is validation of our advanced research to invent next generation technologies and processes. It is our commitment to sharing our innovations with the world,” wrote Foxconn Chairman and CEO Young Liu in the Foreword for the premier report. “This recognition at Foxconn’s 50th year in 2024 inspires our work to continue to innovate for the good. Foxconn will keep investing in its 3+3 strategy, that includes the three emerging industries of electric vehicles, digital health and robotics, plus the three key technologies of AI, semiconductors, and next-generation communications. Presently, we have a large number of patents in these fields, and the trend is only heading higher in these related IP submissions. Our innovation growth is becoming clearer,” said Mick Lin, Director of IP Affairs at Foxconn. Gordon Samson, President, Intellectual Property, Clarivate, said, “To feature as a Top 100 Global Innovator is no mean feat as maintaining an edge in the innovation ecosystem is harder than ever. Organizations must balance experimentation and risk with discipline and reward. We measure and rank innovative performance in a dynamic and thorough way, using live thresholds of differentiation. At Clarivate, we think forward by analyzing the quality of ideas, their potency and their impact to identify the world’s top innovators, and this year we reveal the ranking of these innovators for the first time.” The Top 100 Global Innovators are performing well above all other innovators globally. Each of these companies and research institutions have invested in innovation with conviction and consistency. Their work crosses disciplines and industries, and shapes future direction. To build the Top 100 Global Innovators 2024 report, the Clarivate Center for IP and Innovation Research™ measures the quality of ideas, their potency and their effect. To achieve this, we combine modern analytical architecture with over 60 years of experience from Derwent World Patents Index™ (DWPI™) and Derwent Patent Citation Index™. Learn more about Top 100 Global Innovators 2024 here.   Methodology The Top 100 Global Innovators uses a complete comparative analysis of global invention data to assess the strength of every patented idea, using measures tied directly to their innovative power. To move from the individual idea strength to identify the organizations that create them more consistently and frequently, Clarivate sets two threshold criteria that potential candidates must meet and then adds a measure of their patented innovation output over the past five years.   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
2024/03/06
Statement from Hon Hai Technology Group (Foxconn)  in response to article in The Diplomat
2024/01/23
Statement from Hon Hai Technology Group (Foxconn) in response to article in The Diplomat
Article reference [here] As a leader in the global electronics technology industry, Foxconn supports the goals of the Paris Agreement. In 2020, the Group pledged to achieve net-zero emissions in the value chain by 2050, a move that was welcomed by institutional investors and stewardship providers engaging with the company through the Climate Action 100+ initiative. The following year, it submitted its emission reduction pathway that puts it in line with a 1.5°C threshold to the Science Based Target initiative (SBTi); in 2023, Foxconn’s committed targets were validated (under formal name Hon Hai Precision Industry Co Ltd): the Group commits to reduce absolute carbon emissions by 21% in 2025 and by 42% in 2030, from a 2020 base year. Foxconn has set a goal for its renewable energy ratio to reach more than 50% in 2030. Through the continued investments in renewables, including the installation of self-built solar facilities in our operations, by November 2023, the Group's renewable energy ratio has been increasing to more than 40%. Foxconn implemented 1,877 energy-saving renovation projects in 2022, reducing carbon emissions in total by 306,204 tCO2e. In the future, in addition to continuing to promote low-carbon manufacturing, we will also build a green energy investment platform with green funds that invest in renewable energy infrastructure projects such as solar, wind and energy storage. This will increase the Group's proportion of renewable energy use and go toward realizing our long-term, net zero goals. Foxconn operates 205 manufacturing campuses/offices around the world and employs more than 1 million employees at seasonal peaks. As a very large multinational, Foxconn welcomes inspection and guidance from all walks of life and is willing to assume more responsibilities as a global citizen. In addition to using the power of innovation to promote healthy economic growth, we are also committed to sustainable environmental development and are deeply involved in the transformation and improvement of energy conservation and carbon reduction. This is Foxconn’s EPS+ESG sustainable management commitment.
2024/01/23
Hon Hai Technology Group (Foxconn) Signs MOU  With Universities In India To Improve Language Skills
2024/01/22
Hon Hai Technology Group (Foxconn) Signs MOU With Universities In India To Improve Language Skills
Tripartite project closes talent gap, opens pathway for jobs 22 January 2024, Taipei, Taiwan – Hon Hai Technology Group (“Foxconn”) (TWSE:2317) today announced it signed a Mandarin-language education project MOU with four tertiary institutions in India aimed to deepen industry-academia ties and incubate future talent. The MOU was signed with Shiv Nadar University, VEL TECH, Assam Don Bosco University and Karpagam Academy of Higher Education, with the support of the Taipei Economic and Cultural Center (TECC). In the early stage, Foxconn is investing 3 million rupees (approx NT$1.2 million) to promote local Mandarin-language education through tripartite cooperation between industry, government and academia. The project is expected to expand and include more institutions in the future. Under the project, Foxconn will sponsor relevant subsidies for Taiwanese teachers during their teaching period in India at the above four schools. In the initial stage, a total of nearly a hundred students from Indian colleges and universities will participate in the Mandarin-language education courses. The Group will give priority consideration to qualified job seekers who have completed the courses under the project. Sponsoring Indian universities with Taiwan education centers is Foxconn’s commitment to bring together industry, government and academia to strengthen Mandarin-language teaching resources in India. The move helps local students develop superior language skills and responds to talent demand required for the Group’s strategic development in India going forward. TECC Representative Baushuan Ger, who witnessed the MOU signing, said currently there are 31 Taiwanese education centers in India. Through Foxconn’s sponsorship, more Taiwanese teachers will take up teaching posts in India, while increasing employment prospects for Indian students of academic excellence. With more and more Taiwanese companies setting up factories in India, the hope is that the Mandarin-language education project can close the gap on the lack of local talent with Mandarin-language skills in India. The project has been enthusiastically embraced by the partner schools. They said the cooperation will help students and faculty at the tertiary institutions further advance their Mandarin-language education achievements, improve their communication skills, setting them up for success to meet future global challenges. 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
2024/01/22
Hon Hai Wins 2023 IR Magazine Award for  Best IR Event and Best Innovative Shareholder Communication
2023/12/08
Hon Hai Wins 2023 IR Magazine Award for Best IR Event and Best Innovative Shareholder Communication
Recognized as finalist in category of Best ESG Reporting 【Taipei, December 8, 2023】​Hon Hai Technology Group (“Foxconn) (TWSE: 2317), the world's largest technological manufacturer and solutions provider, was honored with the prestigious “Best IR Event” and “Best Innovative Shareholder Communication” awarded by the globally recognized IR Magazine. The award acknowledges the company's continuous innovation and expansion in hosting events since the inaugural Hon Hai Tech Day in 2020. They further recognize its integration of various innovative approaches in communication with shareholders. Foxconn was nominated for three categories this year, including Best IR Event, Best Innovative Shareholder Communication, and Best ESG Reporting. This achievement positions Foxconn as the leading winner among Taiwanese enterprises, marki­­ng Foxconn's third consecutive year of being nominated and awarded in the Greater China region by 'IR Magazine' for its outstanding investor relations.  IR Magazine, a globally recognized publication specializing in investor relations, is dedicated to bridging the connection between companies and investors. It focuses specifically on best practices in investor relations. The annual IR Magazine awards recognize outstanding professionals and companies worldwide in the investor relations field, making it a highly anticipated event in the industry. The Greater China nominations are rigorously evaluated by a panel comprising investment professionals and IR Magazine's editorial team.  Representing Foxconn at the forum and award ceremony this year, Nick Huang, IR Manager, expressed gratitude, specifically acknowledging Foxconn Chairman Young Liu’s foresight in catalyzing the inception of Hon Hai Tech Day. This initiative provided investors with a clearer understanding of Hon Hai's technological advancements and strategic positioning. The acknowledgment also extends to the Chairman for fostering diverse and innovative means of communication with investors through the Investor Relations Department, as well as for continuous support in integrating digital technologies. “It is the greatest honor to receive these two awards. We will continue to benchmark global companies’ investor events and product launch conference, striving toward our goal of becoming a leader in investor relations,” said Foxconn Spokesperson and Head of Corporate Communications James Wu. “Foxconn showcases the latest technology achievements across various aspects of the business on Hon Hai Tech Day. Each year, the scale, participation, and content of the exhibition expand significantly. This award recognizes Hon Hai's active involvement in new business transformation and improvement of transparency. It also an affirmation of the hard work of all of our teams involved in Hon Hai Tech Day.”  "Seeing is believing" is one of the effective communication methods that Foxconn believes can enhance shareholder confidence and understanding of the company. In addition to the tech day event, over the past year, Foxconn has demonstrated creativity to relay the company’s messages innovatively, whether it was displaying the latest technology achievements at our annual general meeting, showcasing MODEL C at investor forums in Hong Kong, or leading investor visits to various global factories.  Over the past two years, Foxconn has received IR Magazine awards in "Best IR Website" and "Best Use Of Multimedia For IR " categories, demonstrating the company's commitment to provide real-time and comprehensive information through multiple channels, allowing the investors to fully understand the value of Hon Hai. The Group is committed to continuously optimizing IR services and creating maximum value for shareholders. About Hon Hai 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. USD220 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 173 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
2023/12/08