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Foxconn Distinguished As Member of S&P Global’s Sustainability Yearbook 2025
March 26, 2025 | FoxconnEstimated reading time: 1 minute
Hon Hai Technology Group has been distinguished for the first time in S&P Global’s Sustainability Yearbook 2025, a milestone ranking that demonstrates the corporate sustainability strength of the world’s largest electronics manufacturing service provider.
In the annual ranking, Foxconn was awarded the ‘Industry Mover’ distinction for showing a more than 40% increase in its scoring among companies in the ‘Electronic Equipment, Instruments & Components’ industry, the strongest improvement among its peers.
"This terrific achievement represents the diligent work of Foxconn’s sustainability teams worldwide, nearly 680 colleagues, dedicated to ensuring we meet ESG demands. We are moving ahead with a more proactive and forward-looking direction for sustainable development,” said Nick Huang, head of Foxconn’s Sustainability Committee Office.
Following a year of optimization and improvement, Foxconn's S&P Global Corporate Sustainability Assessment (CSA) Score jumped significantly to 71 points from 50 points in the previous year out of a total for 100. The assessment benchmarks companies against indicators such as climate change response, energy management, supply chain responsibility, labor rights, and corporate governance.
Of over 7,690 companies assessed for inclusion, only 780 companies made it into the Sustainability Yearbook 2025, one of the most influential corporate sustainability assessments in the world. The rankings represent, within each industry, companies with an S&P Global CSA Score of at least 30, ranking within 15% of the industries top performing companies by number and scoring within 30% of the industries top performing company.
Going forward, Foxconn plans to disclose new ESG goals and continue to consolidate on its supplier responsibility and global sustainability engagements. In 2022, Foxconn issued 32 medium- and long-term ESG goals for the first time, covering areas including climate action, supply chain responsibility, employee well-being and corporate governance. Most of the goals have been achieved ahead of schedule. Foxconn's renewable energy ratio is over 60%, its proportion of women directors is nearly a third, and the Group has actively supported key suppliers to sign green electricity commitments.
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