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.


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