ESG Today reports that the commitment extends on a previous pledge in 2022 to use at least 50% clean power by 2030, with the current clean power ratio being at 40%. Foxconn officials also announced in 2020 that the company aims to become fully net-zero by mid-century.
As one of the world's largest electronics manufacturers, which operates for large companies, such as Apple, Foxconn's renewable energy pledge will also help these companies address some of their supply chain-related emissions.
Foxconn also announced that it joined the RE100 initiative, led by the Climate Group in partnership with CDP to bring some of the world's largest companies to using 100% renewable energy for their operations.
Foxconn Chairman and CEO Young Liu, who also heads the Group’s Sustainability Committee, said that "in promoting sustainability, Foxconn will continue to seek the most suitable international standards. This decision to respond to RE100 is based on this thinking. More importantly, we hope to set an example with our supply chain and partners so they will prioritize sustainable management as well. Foxconn will also promote green energy at its global locations to share, collaborate and thrive with all stakeholders."
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