Taipei: The renewable energy usage ratio of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. rose to 67.38 percent in 2024, well ahead of the company’s goal of achieving a usage ratio of more than 50 percent by 2030, according to its latest annual sustainability report.

According to Focus Taiwan, the iPhone assembler is committed to using green energy to further improve its usage ratio. It will continue to push its plants around the world to use 100 percent green energy by 2040 and reach net zero emissions by 2050. Hon Hai, also known as Foxconn globally, stated that it has diversified channels in place to buy renewable energy and increase purchases each year to make up for the shortfall from self-produced green power.

As a result, Hon Hai has signed long-term power purchase agreements in many locations. In 2024, the company directly purchased 1,396.82GWh in green power, while acquiring an additional 4,996.35GWh in renewable power from certified enterprises in Taiwan through the National Renewable Energy Certification Center (T-RECC), which has issued certificates to enterprise power producers since 2017.

In terms of self-developed green energy, Hon Hai reported that its total installed renewable energy capacity reached 332.90MW in 2024, marking an increase of 2.17 percent from the previous year. The company has adopted solar power generation systems by building rooftop and ground green energy stations at production sites in China, India, and Vietnam.

Last year, Hon Hai completed carbon footprint verification for 200 of its suppliers, cutting 1.02 million tons of carbon dioxide equivalent (CO2e). Additionally, 36 of its suppliers committed to using green energy, consuming a total of 169 million kWh in renewable energy power, which helped reduce carbon emissions by about 96,000 tons.

Hon Hai plans to persuade 54 of its suppliers to use 100 percent renewable energy to manufacture products for the company by the end of this year, aiming to expand that number to 150 by 2030 and more than 300 by 2050. The company operates 233 plants and offices in 24 countries, including China, the United States, India, and Europe.