Foxconn announced today that the company will be signing a green power purchase agreement MOU with Foxwell Power, a subsidiary of Shinfox Energy. Foxconn plans to purchase approximately 2.36 million kWh of green power this year for its Taiwan plants, followed by an increment each year, and aims to accumulate roughly 70 million kWh of green power by 2030 that is equivalent to about 35,140 tons of CO2 emission and afforestation of 2.92 million trees. Foxconn is implementing actual measures to mitigate the impact of climate change.
By actuating the ESG strategy, Foxconn propels “green smart energy” manufactured by clean and green energy in order to realize the sustainable concept for the environmental field under the core of smart eco-friendliness. Among which, the company echoes the SDGs proposed by the United Nations through impelling renewable energy applications, clean production, and green manufacturing, including “affordable clean energy”, “responsible consumption and production”, and “climate action”.
Foxconn, taking advantage of its core competencies and resources, had gradually enhanced the utilization rate of green power for its global plants in 2021 through self-construction and acquisition that led to an increment in installed capacity among solar power stations. The company will also ensure the sources of green power in the future by abiding stricter retrospect.
Hong Rong-cong, Chief Sustainability Officer of Foxconn, commented that being one of the initiating members of the Taiwan Alliance for Net Zero Emission, the green power purchase this time is one of the promised routes of the company in attaining “2030-50 net zero emission”. The long-term target of 100% net zero emission at office locations by 2030 is thus attained through purchases of green power and the allocation of refined energy storage facilities in the future. Foxconn will subsequently achieve its ultimate target of 2050 net zero emission through inventory checking of greenhouse gases in each plant, establishment of science-based carbon targets, propulsion of carbon reduction projects, and enhancement of management on green supply chain.
Hu Hui-sen, Chairman of Foxwell Power, commented that Shinfox Energy aims to establish an ESG industrial ecological pool. The latter, in order to fulfill the industry’s demand for green power, has been constantly expanding its investment and development on renewable energy recently with the help of Foxwell Power’s critical and professional green power technology that would facilitate businesses in resolving green power supply services, which now became a professional green power sales platform that has the most comprehensive transaction scale and the most transfer bases of green power.
Hu pointed out that there are now more than 80 transfer locations in Taiwan spanning across different industries such as technology, finance, service, manufacturing, and telecom. Foxwell Power will help businesses in obtaining Taiwan Renewable Energy Certificates (T-REC) from the National Renewable Energy Certification Center through TPC’s green power transfer in the future.
Foxconn is a participant of the Carbon Disclosure Plan (CDP), which reveals the measures targeted at climate change. In order to respond to the Climate Action 100+, Foxconn also abides by the Paris Agreement and local governments’ nationally determined contributions (NDC), carbon emission policies, as well as strives to suppress carbon emission that will inhibit the increase of global temperature by within 1.5°C.
Foxconn emphasized that target verification and approval should be passed by the science-based targets initiatives before 2023, The company will realize its deployment in the concept of global deployment of zero carbon through the belief of “sustainable operation = EPS + ESG), as well as guide the supply chain in achieving net zero emission, and construct sustainable net zero future.
(Cover photo source: Foxconn)