Wellell Inc.
Climate Impact & Sustainability Data (2020, 2023)
Reporting Period: 2020
Environmental Metrics
Waste Generated:10692 kg/year (paper)
ESG Focus Areas
- Sustainable Management
- Innovation Supply
- Friendly Workplace
- Environmental Care
- Social Participation
Environmental Achievements
- Replaced T8 light tubes with LED light tubes in Tucheng headquarters in 2016 & 2017, reducing electricity consumption.
- Changed to dual-flush toilets in Tucheng headquarters in 2018 and 2019 to reduce water usage.
- Recycled 10,692 kg of waste paper in 2020.
Social Achievements
- Established a complete training framework and system to cultivate talent, achieving silver certification in the Talent Quality-management System (TTQS) in 2013.
- Provided comprehensive care and welfare systems for employees, including monthly health consultations and on-site visits by occupational physicians/nurses.
- Organized various sports activities and events for employees and their families, such as a 700,000-step walking challenge and a cycling event.
Governance Achievements
- Established a compensation committee in 2011 to review and evaluate the company's overall compensation and benefits policies and the performance evaluation and compensation of directors and managers.
- Established an audit committee in 2012 composed entirely of independent directors to oversee the company's accounting, auditing, financial reporting processes, and financial controls.
- Implemented a code of conduct based on the principles of integrity, professionalism, and innovation.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Responsible Procurement
- Requires suppliers to comply with customer and EU regulations on restricted substances (RoHS).
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standard
Certifications: ISO 13485
Sustainable Products & Innovation
- Smart CPAP device and networking system, Wizard 510 CPAP mask, Pro-care Optima and Pro-care Turn automated pressure-relieving air mattresses.
Awards & Recognition
- 29th Taiwan Excellence Award Gold Award for WiZard 510 CPAP mask (2020)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1299.1590 tCO2e/year (2022)
Scope 2 Emissions:886.7925 tCO2e/year (2022)
Water Consumption:7,435 m3/year (2022)
Waste Generated:50,315 tons/year (2022)
ESG Focus Areas
- Sustainable Development
Environmental Achievements
- Changed the air compressor drainer to the non-gas-consumption type, replaced LED lamps, and adjusted the temperature of the air conditioners and water chillers to save electricity.
- Completed the ISO 14064-1:2018 greenhouse gas inventory in 2022; emission was 1299.1590 metric tons of CO2e.
Social Achievements
- Established an employee welfare committee; provides group insurance, birthday parties, employee recreation centers, and club activities.
- Provides regular employee health examinations, promotes healthy life, and has a breastfeeding room.
Governance Achievements
- Established an ESG Office; reports to the Board of Directors on the development of ESG quarterly.
- Established an Audit Committee and a Remuneration Committee.
Climate Goals & Targets
Long-term Goals:
- Become a leading international medical brand.
Medium-term Goals:
- Develop a series of products related to patient recovery care.
- Promote Wellell as an international medical brand.
Short-term Goals:
- Increase consolidated revenue and strengthen regional product marketing capabilities.
- Expand market share in North America and Europe with high value-added products.
- Actively build the Asia Pacific market.
Environmental Challenges
- High inventory pressure from some overseas customers.
- Lack of urgent orders due to the pandemic.
- Competition from Asian manufacturers in low-end product markets.
- Stricter regulatory requirements under MDR.
- Global supply chain instability and air/sea freight costs.
- Impact of COVID-19.
Mitigation Strategies
- Developed alternative sourcing strategies.
- Strengthened international management capabilities and built an international brand of high-end medical devices.
- Focused on in-depth research on unmet user needs and launched differentiated, value-added high-end products.
- Complied with all relevant laws and regulations.
- Developed response strategies to ensure adaptation to changes while maintaining financial soundness.
- Established emergency response plans and multi-vendor strategies.
- Ensured adequate insurance coverage.
Supply Chain Management
Supplier Audits: Annually
Responsible Procurement
- Compliance with customer requirements and EU RoHS standards.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events (typhoons, floods, extreme heat)
- Damage to physical assets
Transition Risks
- Tighter environmental regulations
- Changes in market demand
Opportunities
- Development of energy-efficient products
- Market leadership
- Financial growth
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 13485:2016, MDSAP
UN Sustainable Development Goals
- SDG 3
- SDG 13
- SDG 4
- SDG 8
- SDG 16
- SDG 17
The sustainable development strategy takes the “United Nations Sustainable Development Goals” (SDGs) as the linking goal of the strategy, and selects SDG 3 “Good Health and Well-being” as the main linking goal based on the characteristics of the industry. Climate change is also a key concern, so SDG 13 “Climate Action” is also a key linking goal.
Sustainable Products & Innovation
- Optima Prone air mattress
- IoT Optima Auto Link advanced support surface
- Digital management platform for medical product rental service
- New CPAP respirators integrated with digital network function
- Deep vein thrombosis (DVT) device
Awards & Recognition
- 2023 Gold Award for Certification of Physical Therapy Quality (Automatic Turning Over Air Mattress and Domus Youyang)
- Taiwan Excellence Award