Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd., is a leading player in the electrical machinery and apparatus sector, specifically classified under industry code 31. Headquartered in Taiwan (TW), Foxconn operates extensively across Asia, Europe, and the Americas, solidifying its presence in the global market.
Founded in 1974, Foxconn has achieved significant milestones, including partnerships with major technology firms. The company is renowned for its manufacturing prowess, particularly in electronics, producing components for smartphones, computers, and other consumer devices. Its commitment to innovation and efficiency sets it apart in a competitive landscape.
With a strong market position, Foxconn is recognised for its scale and reliability, making it a preferred partner for many leading brands. The company's unique blend of advanced technology and skilled workforce continues to drive its success in the ever-evolving electrical machinery industry.
+34 vs industry average
Foxconn’s score of 71 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electrical Machinery Manufacturing has below-average carbon intensity
Industry performance
The Electrical Machinery Manufacturing industry has reduced its overall emissions by 42% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Foxconn's reported carbon emissions
Foxconn (TW), a leader in the electrical machinery and apparatus sector, has publicly committed to significant greenhouse gas (GHG) emission reductions. The company aims to achieve net-zero emissions by 2050 and has set a near-term target to reduce absolute scope 1, 2, and 3 GHG emissions by 42% by 2030, using 2020 as a base year. This commitment is validated by the Science Based Targets initiative (SBTi), aligning with a 1.5°C warming scenario.
In terms of emissions, Foxconn reported a total of approximately 22.9 billion kg CO2e for 2024. This figure is comprised of approximately 341.5 million kg CO2e from scope 1 emissions, approximately 6.0 billion kg CO2e from scope 2 (location-based), and approximately 20.3 billion kg CO2e from scope 3 emissions. Scope 3 emissions are dominated by purchased goods and services, which accounted for about 14.2 billion kg CO2e in 2024.
For the year 2023, Foxconn's total emissions were approximately 22.8 billion kg CO2e, with scope 1 emissions at about 326.2 million kg CO2e, scope 2 at approximately 2.4 billion kg CO2e, and scope 3 at roughly 20.2 billion kg CO2e. The most significant contributor to its scope 3 footprint in 2023 was again purchased goods and services, though specific data for this category was not disclosed for 2023.
Previously, in 2022, total emissions were approximately 33.0 billion kg CO2e, with scope 1 emissions at about 265.0 million kg CO2e, scope 2 at approximately 5.8 billion kg CO2e, and scope 3 at approximately 27.2 billion kg CO2e. Scope 3 emissions were largely driven by purchased goods and services and fuel and energy-related activities. In 2021, total emissions were around 34.8 billion kg CO2e, with scope 1 at about 256.3 million kg CO2e, scope 2 at approximately 5.8 billion kg CO2e, and scope 3 at approximately 28.7 billion kg CO2e. The company's scope 3 emissions in 2020 were approximately 22.6 billion kg CO2e. For 2019, Foxconn reported scope 1 and 2 emissions totalling approximately 8.5 billion kg CO2e, with scope 3 data not being disclosed for that year. Emissions data prior to 2019 is not available.
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Foxconn’s Climate Goals (2030 & 2050)
3 goals2030
42% reduction in Scope 2
Taking 2020 as the base year, the Company has set a target of 42% reduction in 2030 and net zero for 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
11 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Foxconn
Frequently asked questions
Common questions about Foxconn’s sustainability data and climate commitments
Data year: 2024
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