GlobalData offers a comprehensive analysis of Foxconn Interconnect Technology, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Foxconn Interconnect Technology‘s ESG performance. GlobalData’s company profile on Foxconn Interconnect Technology 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.
Foxconn Interconnect Technology is committed to reducing its greenhouse gas emissions by 42% by 2030 compared to base year 2020, and achieving net zero by 2050. Foxconn Interconnect Technology's latest filings mentioned the keywords 'Emissions/Emission' and 'Greenhouse Gas' most number of times in relation to 'Net Zero'.
The company reported that its GHG emissions density of FY2022 decreased by 46.80% as compared with FY2021. The total GHG emission was 186,847.98 tons of CO2 equivalent in 2022. Foxconn Interconnect Technology aims to move towards a circular economy by prioritizing key materials such as copper and tin and exploring ways to reduce its e-waste footprint. In 2022, the company consumed a total of 12,507.30 tons of paper packaging materials, 11,001.98 tons of plastic packaging materials and wooden packing material 4,333.39 tons. Compared to last year, the company's paper packaging materials have decreased by 41.4%, while plastic packaging materials have increased slightly by 6.3%.
To achieve its net-zero targets, Foxconn Interconnect Technology plans to reduce its energy consumption per unit of output value by at least 1% compared to the previous year. The company's renewable electricity and non-renewable electricity in 2022 totaled 271,100.44 thousand kWh and 273,682.84 thousand kWh accounting for 49.8% and 50.2% in total electricity, respectively. The company reported that the electricity density of FY2022 reduced by 3.81% compared with FY2021. The company further reported that the natural gas, gasoline, and steam consumption density of FY2022 increased by 25.39%, 66.67%, and 9.54%, respectively compared to FY2021. The company has set goals to reduce its general waste discharge density by 5% and exhaust emissions by 10% by the end of 2022.
In conclusion, Foxconn Interconnect Technology has set ambitious net-zero targets. The company has taken steps to reduce its waste and emissions and has obtained various certifications related to environmental and occupational safety and health management systems. However, the company has not provided specific data on its current emissions or emissions trends, and it has not disclosed any specific investments it has made or plans to make to reduce emissions.