Hon Hai Precision Industry Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The Group supports the Paris Agreement and covers all operating sites and engages in lobbying activities and provides advice to regulatory authorities and trade associations, adhering to the position of "limiting the increase in global average temperature to 1.5°C above pre-industrial levels", and reports the results to all directors. The Group actively participates in discussions and activities with governments, public associations, schools, etc., is committed to fulfilling corporate social responsibilities in environmental management, supports community environmental protection activities to enhance the environmental protection awareness of external stakeholders, and works with governments, non-governmental organizations and other interests. Cooperate with others to jointly promote environmental protection. Through participation in expos and forum speeches, industry, government, academia, and research will get together to discuss experiences in sustainability and energy transformation. It will also promote exchanges of net-zero solutions among all industry sectors and help Taiwan successfully transform. Hon Hai has also been transforming toward net-zero carbon emissions and energy in recent years. By participating in relevant ESG exchange activities, it has deepened the group's role in low-carbon transformation, energy conservation and carbon reduction.

https://image.honhai.com/upload/global/Hon%20Hai%202023SR_En_Design_v1-1_20240801_8110.pdf

The promotion and implementation of ESG is overseen and managed by the Board of Directors. The Board of Directors has established the Sustainability Committee. For details, please refer to '1.2 Sustainability Committee'. [...] The Sustainability Committee reports periodically to the chairman, and, starting from 2023, reports implementation results of corporate sustainability action plans to the Board at least once every quarter. [...] The Committee is headed by Group Chairman Young Liu. It has established a promotion office staffed with a dedicated team responsible for the compilation of sustainability systems and regulations, monitoring of sustainability policies and plans, regular follow-up and evaluation of sustainability execution and performance, and review of sustainability reports, as well as promotion and internalization of sustainable development within the Group's corporate culture. [...] The Sustainability Committee regularly reports the sustainability Implementation results and future work plans to the Chairman and to the Board of Directors on a quarterly basis. Proposals include (1) identifying sustainability issues that require attention and formulating corresponding action plans; (2) sustainability-related issues (3) Supervising the implementation of sustainable operation matters and evaluating the implementation. The Board of Directors also evaluates the success of the strategies and the implementation's progress and will urge adjustments when needed. [...] Our comprehensive commitment to the implementation of Group sustainability policies is monitored by the Sustainability Committee. We submit our Sustainability Report to the Board of Directors and hold quarterly ESG meetings with the Board of Directors to report ESG milestones to the Directors and Independent Directors. Each year, the Directors also hold ESG engagement meetings with investors to demonstrate the Board's support for and oversight of ESG performance.

https://image2.honhai.com/sustainability-reports/en/2023%20Sustainability%20Report(31-8-24).pdf

The promotion and implementation of ESG is overseen and managed by the Board of Directors. The Board of Directors has established the Sustainability Committee. For details, please refer to '1.2 Sustainability Committee'. [...] The Sustainability Committee reports periodically to the chairman, and, starting from 2023, reports implementation results of corporate sustainability action plans to the Board at least once every quarter. [...] The Committee is headed by Group Chairman Young Liu. It has established a promotion office staffed with a dedicated team responsible for the compilation of sustainability systems and regulations, monitoring of sustainability policies and plans, regular follow-up and evaluation of sustainability execution and performance, and review of sustainability reports, as well as promotion and internalization of sustainable development within the Group's corporate culture. [...] The Sustainability Committee regularly reports the sustainability Implementation results and future work plans to the Chairman and to the Board of Directors on a quarterly basis. Proposals include (1) identifying sustainability issues that require attention and formulating corresponding action plans; (2) sustainability-related issues (3) Supervising the implementation of sustainable operation matters and evaluating the implementation. The Board of Directors also evaluates the success of the strategies and the implementation's progress and will urge adjustments when needed. [...] Our comprehensive commitment to the implementation of Group sustainability policies is monitored by the Sustainability Committee. We submit our Sustainability Report to the Board of Directors and hold quarterly ESG meetings with the Board of Directors to report ESG milestones to the Directors and Independent Directors. Each year, the Directors also hold ESG engagement meetings with investors to demonstrate the Board's support for and oversight of ESG performance.

https://image2.honhai.com/sustainability-reports/en/2023%20Sustainability%20Report(31-8-24).pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Hon Hai/ Foxconn is dedicated to a climate policy that is harmony with our climate targets and therefore advocate for decarbonization measures in line with the Paris Agreement. We have been the initial member of Taiwan Net Zero Alliance and actively take part in various climate-related activities and will have reviews on these activities before taking part in. Also, we examined our membership in relevant industrial associations whether they are following the Paris Agreement policy.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023