Local manufacturers, especially those in the supply chains of Apple and Google, are seeking new and better ways to offset carbon emissions to comply with stricter regulations on air pollutants. Some companies have set goals to reach net-zero emissions by 2035 or 2050, as the emissions issue is quickly evolving into a trade barrier.
Companies have adopted different approaches to conserve energy and reduce their carbon footprint, such as constructing smart buildings and using lights-out manufacturing, or planting trees to offset carbon emissions. LCD panel suppliers and hardware makers have sought to reduce emissions by streamlining product designs and using fewer
Hon Hai Precision Industry Co (鴻海精密) is to put environmental, social and corporate governance (ESG) considerations into each employee’s key performance indicators, Hon Hai chairman Young Liu (劉揚偉) said at a forum for sustainable finance and climate change yesterday.
In addition, the company would earmark 1 percent of its research and development budget to ESG initiatives, Liu said.
Hon Hai’s research and development budget is about NT$200 billion (US$7.2 billion) annually, meaning the ESG budget would be about NT$2 billion per year.
ESG would be an integral part of Hon Hai’s strategy going forward, Liu said, adding that climate change is the most
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