December 12, 2023- Advantech, a global industrial Internet of Things vendor, entered the "DJSI World Index of Dow Jones Sustainability Index" for the first time this year, ranking in the top 10% of companies with the highest industrial sustainability score. It also performed well on the S&P Global Corporate Sustainability Assessment,
December 12, 2023- Advantech, a global industrial Internet of Things vendor, entered the "DJSI World Index of Dow Jones Sustainability Index" for the first time this year, ranking in the top 10% of companies with the highest industrial sustainability score. It also performed well on the S&P Global Corporate Sustainability Assessment, The overall performance not only ranked fourth in the THQ Computers & Peripherals and Office Electronics industry, but also
obtained the highest score in the industry in the governance and economic dimension and ranked second in the social dimension. Among the 25 evaluation dimensions, the five dimensions of "Tax policy", "Innovation management", "Resource efficiency and recycling", "waste management" and "privacy protection" received full marks, indicating that Advantech's vision of integrating enterprise operations with sustainable development goals and working with supply chain partners to become "intelligent drivers of a sustainable planet" was recognized. Be at the forefront of international sustainable development enterprises.
Chen Qingxi, general manager of Advantech's integrated operations management, said that Advantech has formulated "intelligent driver of sustainable Earth" as an ESG development vision in recent years, and in order to accelerate the zero-carbon transition of global energy, it officially became a RE100 member in June this year. In addition, the Corporate Sustainability Committee adopted the two goals of
achieving 100% renewable energy use in global operations by 2040 and achieving net zero by 2050. At the same time, it also actively combines the core industries of the enterprise to develop various sustainable intelligent solutions, including smart energy, smart medical care, smart factories, intelligent transportation, etc., and co-create cooperation with industrial chain ecosystem partners. In 2022, the proportion of revenue from sustainable products will also exceed 18%, in order to truly implement the core capabilities of the enterprise combined with sustainable development goals, and balance the development of ESG.
From the perspective of corporate governance, Advantech has set up a sustainability committee at the board level to supervise the overall ESG development strategy, link high-level salaries with ESG performance, deepen the thinking of sustainability into daily business promotion, and enhance the competitiveness of sustainable management. It has not only obtained the highest score in the industry evaluation, but also been selected as the top 5% listed enterprises in the "Corporate Governance Evaluation" this year. In the future, Advantech will continue to start from the three sustainable main axes of "green operation", "the common benefit of the Internet of Things" and "the common good of employees and society", through planned, systematic and disciplined actions, continue to break through and pursue excellence, and build a benchmarking
enterprise with business resilience.
In the environmental dimension, Advantech launched an internal carbon pricing introduction study this year and obtained its first product carbon footprint certification (ISO 14067) in the fourth quarter. Facing the emerging issue of biodiversity, Advantech uses its own AIoT advantages to develop future business opportunities for biodiversity, take stock of the group's biodiversity risk assessment, and incorporate employee
volunteer participation, coastal forest restoration, and wetland adoption into practical ecological protection work. In terms of green products and sustainability responsibility, green packaging materials have been introduced to reduce carbon emissions; In terms of supplier governance, expand the promotion of green and low-carbon supply chains and implement key supplier improvement plans, work with supply chains to establish the same standards in ESG work, consolidate sustainable and stable partnership, and move towards a sustainable supply chain.
In the social dimension, Advantech uses its own industrial Internet of Things resources and advantages, and works together with industry-university-research institutes to promote "industry-university-Co-creation value chain" with "learning integration, open innovation, and universal education", achieve iot topic learning and innovation, assist students to connect with the workplace, and provide the most lacking market
verification opportunities for new innovation teams. Demonstrate Advantech's strong support for youth employment and entrepreneurship. Advantech Foundation also continues to promote the development of a smart and happy community with three main axes: sustainable education, Internet of Things innovation, and human literacy. At the same time, this year released the strategic blueprint, process and stage goals of DEI (Diversity, Equity, Inclusion), and launched the digital transformation plan of talent information, carried out diversified recruitment channels and talent cultivation projects to achieve a
"people-oriented" happy workplace.
Advantech's ESG performance has been highly recognized at home and abroad, and it has not only been selected as a constituent stock of the Dow Jones Index (DJSI) World Index, but also won the best results in the World Corporate Citizenship Award and Visionary ESG Awards this year. Looking forward to 2024, Advantech will continue to play the role of an intelligent promoter of a sustainable earth, implement local and international standards, and expand the spirit and practice of sustainability to Advantech worldwide.
