Foxconn
At a Glance
Industry
Internet, Software, Hardware and Technology Services
Project Types
Data Analysis, Supply Chain
Year
2024
Location
Shenzhen, Guangdong
Summary
Ma Jiecheng designed a pioneering CBAM Carbon Tax Visualization Calculator at Fii.
Goals
The Dual-carbon Business Unit of Fii faces the mission to address the challenges posed by the European Union's Carbon Border Adjustment Mechanism (CBAM). The primary goal was to design a tool that would facilitate the calculation and visualization of carbon taxes on exported products, ensuring compliance with the stringent environmental standards and aiding in the strategic development of sustainable business practices.
Solutions
To tackle the complex requirements of CBAM, Ma Jiecheng undertook a multi-faceted approach:
· Conducted an in-depth analysis of Foxconn's dual-carbon business framework and value chain management to understand carbon footprint calculations.
· Collected and analyzed data from various sources to produce a detailed report on the lifecycle of aluminum products, focusing on their carbon emissions.
· Created a blueprint and prototype for the CBAM Carbon Tax Visualization Calculator, incorporating strategic insights and user experience design to ensure the tool's effectiveness in managing carbon costs and compliance.
Potential Impact
The development of the CBAM Calculator is set to have a profound impact on Foxconn Industrial Internet's operations, enabling the company to accurately assess and manage carbon costs associated with its exports to the EU. By providing a clear visualization of carbon taxes, the tool will assist in making informed decisions on energy efficiency investments, renewable energy adoption, and carbon offset initiatives, steering the company towards a more sustainable and economically viable future. Additionally, the project's emphasis on recycling and circular economy models will significantly contribute to global environmental conservation efforts.