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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. 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: 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 direct purchase of renewable power and 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.
Hon Hai operates 173 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.
