Sustainable Intelligent Solutions

Goals and Strategies

With the vision of “Enable an Intelligent and Sustainable Planet”, Advantech is committed to the sustainable development of the world. IoT technology and complete product solutions are utilized to improve customer resource utilization and production efficiency. Both energy waste and carbon emissions are reduced, thereby promoting sustainable development. IoT software and hardware products and services are developed in scopes such as energy management, transportation and logistics management, smart agriculture, smart factories, telemedicine, education, and operation and maintenance services.



The survey method for 18.5% of revenue from sales of products or solutions for sustainable use is: classification and judgment are performed based on customer business items and sectors. There is also possibility for refinement of this taxonomy. In particular, it is not yet possible to accurately count the use of end customers for those which sell through channels. The application and connotation of Advantech's own products and solutions are classified with reference to the reporting framework of the EU's sustainability classification and the levels of related activities. The survey methodology is expected to be strengthened in the coming year in order to present more complete results.

Advantech's sustainable intelligent solutions correspond to the financial disclosure of the European Union's sustainability classification report

Operating Revenue
Total (Currency: New Taiwan Dollar)
Total (Currency: New Taiwan Dollar) Total amount (Currency: New Taiwan Dollar) 68,744,701K 100%
Economic Activities Related to Sustainability Classification
Economic Activities Related to Sustainability Classification Amount (Currency: New Taiwan Dollar) 12,717,770K 18.5%
Economic Activities Irrelevant to the Perpetual Classification
Economic Activities Irrelevant to the Perpetual Classification Amount (Currency: New Taiwan Dollar) 56,026,931K 81.5%
Capital Expenditures
Total (Currency: New Taiwan Dollar)
Total (Currency: New Taiwan Dollar) Total amount (Currency: New Taiwan Dollar) 1,320,449K 100%
Economic Activities Related to Sustainability Classification
Economic Activities Related to Sustainability Classification Amount (Currency: New Taiwan Dollar) 244,280K 18.5%
Economic Activities Irrelevant to the Perpetual Classification
Economic Activities Irrelevant to the Perpetual Classification Amount (Currency: New Taiwan Dollar) 1,076,169K 81.5%
Operating Expense
Total (Currency: New Taiwan Dollar)
Total (Currency: New Taiwan Dollar) Total amount (Currency: New Taiwan Dollar) 13,580,926K 100%
Economic Activities Related to Sustainability Classification
Economic Activities Related to Sustainability Classification Amount (Currency: New Taiwan Dollar) 2,512,470K 18.5%
Economic Activities Irrelevant to the Perpetual Classification
Economic Activities Irrelevant to the Perpetual Classification Amount (Currency: New Taiwan Dollar) 11,068,456K 81.5%

Sustainable Intelligent Solutions

Materiality
Materiality
  • With the vision of "Enable an Intelligent and Sustainable Planet, Advantech is committed to the sustainable development of the world through IoT solution.
  • IoT technology can improve the efficiency of customer resource utilization and production. Both waste and carbon emissions are reduced, thereby promoting sustainable development. IoT software and hardware products and services are developed in scopes such as energy management, transportation and logistics management, smart agriculture, smart factories, telemedicine, education, and operation and maintenance. Advantech will continue to lead the industry and digital transformation, and become a key partner for a sustainable ecosystem.
Management Strategy
Management Strategy

In key application fields such as factory automation, renewable energy infrastructure, EV batteries and charging pile equipment, and smart medical care, Advantech has assembled product R&D capabilities and local technical teams to meet new opportunities in the industry. Advantech announced the launch of the third global transformation. Sector Driven is the core spirit to plan five pioneer sectors – Embedded Design-in, Ind. System, Ind. Automation, smart medical care, digital marketing e-commerce platform, and six regional markets – North America, China, Europe, emerging markets, Japan, South Korea. Resources are pooled for focused advancement.

Policy or commitment
Policy or commitment

The concept of sustainability has been incorporated into the strategic blueprint of new product development and market expansion of business units. A sustainable product and service quantification plan is formulated to expand the organization and performance goals of related product departments (environmental protection and energy, smart medical care). The positive influence brought to the environment and society is further amplified through Advantech products and services.

Description of impact
Description of impact

This topic does not have a significant negative impact. Advantech will actively and continuously communicate with stakeholders to promote products and services that meet sustainable trends

2022 Achievement Status
2022 Achievement Status
    Goals achieved:
  • 18.5% of revenue from sustainable products and solutions. (Note: The calculation method for 2022 is different from that for 2021)
2023 Goals
2023 Goals
    Goals achieved:
  • 19% of revenue from sustainable products and solutions
2025 Goals
2025 Goals
  • 20% of revenue from sustainable products and solutions.
Action Plan
Action Plan
  • Establish a clear blueprint for product development.
  • Establish the launch strategy of sustainable products or solutions (market positioning, target customers, price policy, marketing strategy).
  • Establish procedures for users’ feedback and measurement of satisfaction.
  • Regular feedback for improvement.
  • Build the ecosystem and leverage the value and technology for sustainability of Advantech, partners of eco system, and customer.
Evaluation of effectiveness
Evaluation of effectiveness
  • Reach 90% of user satisfaction of sustainability solution.
  • Regularly review the operating revenue f rom smart energy management solutions, smart factory solutions, smart telemedicine, smart agriculture solutions, smart education solutions, smart transportation and smart logistics, etc.
Stakeholder Engagement
Stakeholder Engagement

This topic has temporarily has no significantly negative impact to environment, economy, or society. Therefore, there was no corresponding remedial measures. Advantech will respond to this issue through real-time communication with stakeholders or identification of any negative impact on the environment, society, and economy to take timely countermeasures.

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