GlobalData offers a comprehensive analysis of FIH Mobile, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on FIH Mobile‘s ESG performance. GlobalData’s company profile on FIH Mobile offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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FIH Mobile, a mobile technology company, has set target for net zero by 2050 to reduce its carbon emissions. FIH Mobile has specific goals related to scope 1 and scope 2 emissions, which are the direct and indirect greenhouse gas emissions from its operations and value chain. In 2022, the company’s GHG emissions reported for scope 1 was 22,174.32 tCO2e and scope 2 was 315,363.71 tCO2e. Also, GHG emission intensity was 35.93 tCO2e/US$M. Company aims to reduce emissions by 21% by 2025, by 63% 2035 compared to 2020 as well as disclose Scope 3 emissions.
As per ESG report 2022, the company has successfully implemented a range of initiatives to enhance energy efficiency and reduce its carbon footprint. By installing solar photovoltaic panels for onsite renewable energy generation, the company saved 11,230,767 kWh of electricity and reduced 8,948 tonnes of CO2e. Additionally, the procurement of wind energy from a third party resulted in saving 10,282,195 kWh of electricity and reducing 8,123 tonnes of CO2e. Upgrades to air conditioning systems, air handling units, and ancillary water pumps led to a saving of 2,988,204 kWh of electricity and a reduction of 2,447 tonnes of CO2e. The transition to LED fixtures replaced traditional light bulbs, resulting in a saving of 2,485,127 kWh of electricity and a reduction of 2,152 tonnes of CO2e. Further optimizations, including process improvements in SMT processes, communication devices, and equipment upgrades, contributed to additional energy savings and carbon emissions reduction. Equipment replacements, such as high-productivity cutting machines, air compressors, and industrial curtains at facility entrances, have collectively contributed to significant gains in energy efficiency, reduced electricity consumption, and lowered carbon emissions throughout the company's operations.
The company has taken steps to manage and reduce its environmental impacts. It has implemented policies for the identification and mitigation of significant climate-related issues. The company has also set emissions targets and has taken steps to achieve them. FIH Mobile has implemented measures to reduce its emissions and improve resource efficiency. These measures include policies for the efficient use of resources such as energy, water, and raw materials. The company has also implemented waste reduction targets and measures to handle hazardous and non-hazardous wastes.
In conclusion, FIH Mobile has implemented measures to minimize its carbon emissions and environmental footprint, introducing policies focused on enhancing resource efficiency and effective waste management for better future.
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