Advantech
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Governance
- Environmental
- Social
Environmental Achievements
- Reduced carbon emissions (Specific figures not provided in the excerpt)
- Progress towards RE100 goals (Specific figures not provided in the excerpt)
Social Achievements
- Launched ABLE digital employee care platform
- Increased employee satisfaction scores (Specific figures not provided in the excerpt)
Governance Achievements
- Promoted ESG Corporate Sustainability Committee to board-level SDC Corporate Sustainability Committee
- Improved information security management (Specific figures not provided in the excerpt)
Climate Goals & Targets
- Net zero carbon emissions by 2050
- Advantech Global renewable energy utilization rate reached 100% by 2040
- Various goals for 2025 across different ESG areas (Specific details provided in the report but not extracted here due to length)
- Various goals for 2023 across different ESG areas (Specific details provided in the report but not extracted here due to length)
Environmental Challenges
- Supply chain disruptions (Specific details not provided in the excerpt)
- Climate change related risks (Specific details not provided in the excerpt)
Mitigation Strategies
- Supplier audits and coaching
- Development of alternative sourcing strategies (Specific details not provided in the excerpt)
- Climate change strategy and management (Specific details not provided in the excerpt)
Supply Chain Management
Supplier Audits: 271 suppliers identified, 11 high-risk suppliers audited and coached, 88 existing suppliers planned for audit (77 completed)
Responsible Procurement
- Advantech’s Supplier Code of Conduct
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs), Responsible Business Alliance (RBA), Sustainability Accounting Standards Board (SASB), DJSI, MSCI ESG Ratings, CDP, TCFD
Certifications: ISO 27001
UN Sustainable Development Goals
- SDG 4 (Quality Education)
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
- SDG 17 (Partnerships for the Goals)
Awards & Recognition
- Taiwan Stock Exchange 8th Annual Corporate Governance Evaluations, Top 5%
- CommonWealth Magazine Corporate Citizen Award, Large enterprise group 27th
- GCSA Global Corporate Sustainability Award, Bronze Award of Sustainability Report Award
- Taiwan Corporate Sustainability Awards (TCSA), Taiwan Top 100 Sustainability Model Enterprises Award
- Taiwan Corporate Sustainability Awards (TCSA), Silver Award of Sustainability Report Award
- Best Taiwan Global Brands – 5th
- Eco Vadis – Silver medal
- BCCTaipei Better Business Awards, Best Innovative Health and Wellbeing Award
- Buying Power Social Innovation Product and Service Procurement Awards, Second prize
- Women's Fan DEI Vision Award for Diversity and Inclusion, DEI Vision Award for Diversity and Inclusion
- Veken Cup · OFweek 2022 Artificial Intelligence Network Industry–Most Innovative Product Award
- The 18th CONTROL ENGINEERING China - Best Product Award
- The 30th Taiwan Excellence Award
- 2022 VDC Research's Gold Award
- 2022 Bloomberg Green Gold ESG
- 2022-2023 China Automation + Digitalization
- 2022 AIoT New Dimension Award
- 2022 Polaris Cup
- Included in Yuanta FTSE4Good TIP Taiwan ESG ETF, TWSE Corporate Governance 100 Index, and TIP Taiwan Environmental Sustainability Index
- CDP Carbon Disclosure Program - Climate Change B Level
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Talent Cultivation and Development
- Social Good
- Green Operations
- Innovation and Sustainable Services
Environmental Achievements
- Included in the Dow Jones Sustainability Index (DJSI)
- Achieved a B Level in the CDP Carbon Disclosure Program
- EcoVadis Bronze Medal
Social Achievements
- Launched volunteer leave system resulting in 1,062 volunteer hours
- 90.07% budget implementation rate for employee welfare activities
- Over 15,000 registrations on the ABLE Club website
Governance Achievements
- Improved governance mechanisms year by year
- Selected for Yuanta FTSE4Good TIP Taiwan ESG ETF, the TW CG100 IDX, and the TIP Taiwan Environmental Sustainability Index
- Top 5% in TWSE Corporate Governance Evaluation
Climate Goals & Targets
- Advantech's global renewable energy usage reaches 100% by 2040
- Net zero target by 2050
- AKMC and ACL use at least 50% renewable energy by 2030
- Achieve A for the CDP carbon disclosure score by 2025
- Co-creation partnerships established with 50 universities worldwide by 2025
Environmental Challenges
- Climate change
- Supply chain disruptions
- Information and cyber security management
Mitigation Strategies
- Climate change strategy and management including mitigation and adaptation
- Sustainable management of the supply chain including supplier assessments and ESG management evaluations
- Information and cyber security management initiatives
Supply Chain Management
Supplier Audits: 61 audits completed in 2023
Responsible Procurement
- Supplier ESG evaluation
- Supplier code of conduct training (716 attendees)
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and solutions
Reporting Standards
Frameworks Used: GRI 2021 Standards, TCFD, UN Global Compact, OECD Guidelines for Multinational Enterprises, Responsible Business Alliance Code of Conduct (RBA Code of Conduct)
UN Sustainable Development Goals
- SDG 3 (Good Health and Well-being)
- SDG 4 (Quality Education)
- SDG 9 (Industry, Innovation and Infrastructure)
Advantech leverages its core competencies in IoT technology to contribute to these goals through initiatives in smart healthcare, IoT education, and sustainable solutions.
Sustainable Products & Innovation
- Energy-efficient products and solutions
- Sustainable intelligent solutions for renewable energy, climate mitigation, climate adaptation, telemedicine, and education
Awards & Recognition
- Taiwan Excellence Awards
- Taiwan's Excellence in Corporate Social Responsibility Award
- Global Views ESG Corporate Sustainability Award
- Dow Jones Sustainability Index Company by All Industries Top 5%