Friday, May 9, 2025
CN
  • About
  • Advertise
  • Careers
  • Contact
Money Compass
  • Home
  • Financial News
  • Investment News
  • Other News
    • Bursa News
    • Government News
    • Listing Companies News
    • Oversea Financial & Investment News
  • Interviews
    • Features Interviews
    • Corporate Interviews
  • Financial & Investment Articles
  • PR Newswire
  • Login
No Result
View All Result
Money Compass
Home PR Newswire

Hon Hai Technology Group (Foxconn) Completes Independent Audits At 9 More Manufacturing Sites

Money Compass by Money Compass
April 1, 2025
in PR Newswire
0
Hon Hai Technology Group (Foxconn) Completes Independent Audits At 9 More Manufacturing Sites
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Demonstrating verified compliance with RBA VAP standards

TAIPEI, April 1, 2025 /PRNewswire/ — Hon Hai Technology Group (“Foxconn”) (TWSE:2317) has completed independent, third-party audits of nine manufacturing campuses covering five countries, demonstrating, for a second year, a commitment to critical compliance and transparency in social and environmental responsibility by the world’s largest electronics manufacturing service provider.

Related posts

Envu Malaysia and Universiti Sains Malaysia Forge Strategic Collaboration to Advance Sustainable Rodent Management

Envu Malaysia and Universiti Sains Malaysia Forge Strategic Collaboration to Advance Sustainable Rodent Management

May 9, 2025
Envu Malaysia and Universiti Sains Malaysia Forge Strategic Collaboration to Advance Sustainable Rodent Management

Envu Malaysia and Universiti Sains Malaysia Forge Strategic Collaboration to Advance Sustainable Rodent Management

May 9, 2025


(PRNewsfoto/Foxconn TLPGA Players Championship)

No priority findings were assessed for the most part in the audits conducted under the Responsible Business Alliance Validated Assessment Program (RBA VAP), an industry standard that recognizes a factory’s commitment to social and environmental responsibility and focuses on verified closure of issues identified in a VAP assessment.

The audits covered Foxconn manufacturing sites in China, Vietnam, Malaysia, India and Mexico, showing an overall compliance rate of 89%. The Quang Chau campus in Vietnam’s Bac Giang province was recognized at a Silver level under RBA VAP, outperforming the average score in the local industry.

According to RBA, customers, investors, governments and other stakeholders consider the verified closure of audit findings critical to demonstrating compliance to their requirements. To enhance sustainability in Foxconn’s operations and serve as a global best-practice model, the audits in 2024 also focused on campuses needing to strengthen third-party checks based on comprehensive assessment of their operational complexity, employee size, and past record in third-party audits. Audit areas covered labor rights, occupational health and safety, environment, ethics, supply chain management and interviews with 1,067 employees. Total scope included 210,000 employees and took the equivalent of 96 man-days.

No priority findings were assessed, with the exception of one priority non-compliance in supply chain management due to overtime hours of an outsourced service provider, which has been addressed. The compliance rates for environment and ethics each reached over 97%, while those for labor, health and safety, and supply chain management each reached over 80%. Findings indicated a need to strengthen the management of the ratio of dispatched workers, overtime hours, calculation for social insurance and on-time severance payment, as well as attention to the on-site working environment in India.

By end 2024, RBA VAP audits have been done at 58 sites with 8 recognized at Platinum level, 17 at Gold, and 20 at Silver. The first audits in 2023 covered eight sites in China and India.

About Foxconn here.

Cision View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hon-hai-technology-group-foxconn-completes-independent-audits-at-9-more-manufacturing-sites-302417043.html

SOURCE Hon Hai Technology Group (Foxconn)

​ 

Previous Post

PROFESSIONAL FIGHTERS LEAGUE ANNOUNCES PARTNERSHIP WITH BLOCKCHAIN ANALYTICS LEADER ARKHAM

Next Post

Redtiger Launches ViewClear 70 Dash Cam for Night Driving

Next Post
Redtiger Launches ViewClear 70 Dash Cam for Night Driving

Redtiger Launches ViewClear 70 Dash Cam for Night Driving

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Blog
  • Bursa News
  • Corporate Interviews
  • Features Interviews
  • Financial & Investment Articles
  • Financial News
  • Government News
  • Investment News
  • Listing Companies News
  • Oversea Financial & Investment News
  • PR Newswire

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel business Champions League Chopper Bike Doctor Terawan industrial Istana Negara Malaysia Market Stories National Exam net zero emissions targets 2025 Renewable energy Visit Bali

Recent News

  • Envu Malaysia and Universiti Sains Malaysia Forge Strategic Collaboration to Advance Sustainable Rodent Management
  • Envu Malaysia and Universiti Sains Malaysia Forge Strategic Collaboration to Advance Sustainable Rodent Management
  • Asia’s First Real-World ctDNA-MRD Study Strengthens Evidence for Cost-Effective Cancer Monitoring

Category

  • Blog
  • Bursa News
  • Corporate Interviews
  • Features Interviews
  • Financial & Investment Articles
  • Financial News
  • Government News
  • Investment News
  • Listing Companies News
  • Oversea Financial & Investment News
  • PR Newswire
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 Money Compass Media (M) Sdn Bhd. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Features Interviews
  • Government News
  • Financial News
  • Investment News
  • Listing Companies News
  • Corporate Interviews
  • Bursa News
  • Financial & Investment Articles
  • Oversea Financial & Investment News

Copyright © 2024 Money Compass Media (M) Sdn Bhd. All Rights Reserved