TAIPEI (TVBS News) — Foxconn Technology Group announced on Wednesday (April 24) that its net-zero goal has been approved by the Science Based Target initiative (SBTi), making it the third high-tech hardware industry and the seventh company in Taiwan to receive this certification.
Foxconn's near-term goal was approved by SBTi in 2023, and its net-zero goal was also approved in April 2021. The company plans to announce this on May 9.
The group supports the Paris Agreement and has set a goal to limit global temperature rise to within 1.5˚C. In 2020, the group proposed a goal to achieve net zero emissions across its value chain by 2050, one of its three major climate goals.
Hung Jung-chung, Foxconn's chief environmental protection officer, said the group adheres to a "green intelligence, circular economy" environmental development strategy.
SBTi approved Foxconn's Net Zero goal, which includes overall and near-term goals. The overall goal is Foxconn's commitment to achieve net zero greenhouse gas emissions across its entire value chain by 2050.
The near-term goal is Foxconn's commitment to reduce absolute greenhouse gas emissions in Scopes 1, 2, and 3 by 42% by 2030, based on 2020 levels.
