Climate Change Data

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