Hon Hai Precision Industry Co., Ltd.
Industry Group: Technology Hardware
Country/Region: Taiwan
Identifier: TAI:2317
Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for around 54% of overall revenue in 2023. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Technology Hardware 54 out of 627
Universe
Global Universe 420 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Flex Ltd. |
7.6
Negligible
|
9 out of 627 |
Fabrinet |
7.7
Negligible
|
10 out of 627 |
Celestica, Inc. |
8.5
Negligible
|
18 out of 627 |
Jabil, Inc. |
9.5
Negligible
|
33 out of 627 |
Hon Hai Precision Industry Co., Ltd. |
10.6
Low
|
54 out of 627 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Hon Hai Precision Industry Co., Ltd.'s Exposure is Low
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Hon Hai Precision Industry Co., Ltd.'s Management of ESG Material Risk is Strong
How do the ESG Risk Ratings work?
Top Material ESG Issues for Hon Hai Precision Industry Co., Ltd.
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Hon Hai Precision Industry Co., Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level