Since the Paris Agreement was signed in 2015, tech companies have pledged to achieve net zero emissions. Apple, one of the leading companies, sent shockwaves through the industry in 2020, when it announced a goal to go 100% carbon neutral for its supply chain and products by 2030.
A growing number of multinational and large local companies are committing to become carbon neutral. While such a move has yet to be mandated by the government, a major multinational firm last year signed a Memorandum of Understanding (MoU) with Foxwell Power, a subsidiary of Shinfox Energy, for renewable energy procurement.
In addition, Foxwell was commissioned to conduct market research and forward planning for the company's future service of renewable energy in Southeast Asia, with a view to achieving 100% renewable energy by 2030.
