Advantech's Corporate Citizenship Strategy
Advantech applies its core competencies in IoT technology to support IoT education and various innovative sustainable education initiatives over the long run, aiming to transform children, adolescents, and youth in Taiwan into environmentally conscious global citizens. In particular, Advantech Foundation's actions correspond with four United Nations Sustainable Development Goals (SDGs), including SDG 4 (Quality Education), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), and SDG 17 (Partnerships for the Goals). In the areas of social investment, education, and cultural philanthropy, Advantech promotes sustainable education and public aesthetic literacy. Aside from investing in educational innovation and launching sustainable education programs in elementary and secondary schools, the Company also supports private educational platforms in advancing project-based learning (PBL). Furthermore, Advantech continues to invest resources to assist vocational schools and arts and cultural groups in nurturing high-caliber artistic talent. By vigorously promoting public aesthetic literacy and enhancing the development of the arts and cultural industry, we aim to strengthen Taiwan's artistic soft power.
Medium- and Long-Term Goals
Guided by "Advantech's core value of 'altruism,' the Advantech Foundation envisions promoting the development of intelligent and happy communities. Through the engagement of corporate stakeholders, the Foundation promotes three major development themes: 'building IoT industry-academia co-creation,' 'enhancing children and youth's sustainability awareness and action,' and 'advancing the shared prosperity of businesses and the arts.' This serves to fulfill Advantech's role in Enabling an Intelligent and Sustainable Planet, striving to become a brand characterized by truth, kindness, and beauty." The Foundation's core value is to "promote the sustainable development of technology and humanities communities through quality education." Its mission is to foster balanced social progress by cultivating talent that integrates technological advancement with humanistic values. By continuously tapping into Advantech's core competencies and resources, the Foundation systematically advances its goals, which focus on four key areas including "IoT Industry-Academia Cooperation," "Innovative Sustainable Education," "Shared Prosperity Between Arts, Culture, and Enterprises," and "Charitable Support for Rural Communities". All projects are reviewed and approved by the Board of Directors. Depending on the nature and relevance of each initiative, stakeholders, including community members, employees, customers, and partners, are invited to participate, fostering a shared understanding and amplifying the overall impact. In 2024, the Foundation continued to strengthen international industry-academia cooperation, student sustainable education, and cultural ESG initiatives. By integrating technology, education, and culture, the aim is to foster the shared prosperity of technology and the humanities, contributing tangible actions toward global sustainability.
Overview of Foundation Social Welfare Expenditure in 2024
| Expenditure type | Arts and Culture | Industry-academia | Education | Public welfare | Total Expenses | Percentage |
|---|---|---|---|---|---|---|
| Charitable Donations | - | - | - | $ 8,438,520 | $ 8,438,520 | 8% |
| Community/community investment | $ 10,245,952 | $ 7,995,000 | $ 4,810,000 | $ 10,874,723 | $ 33,925,675 | 33% |
| Business initiatives | $ 10,552,751 | $ 40,550,133 | $ 8,119,174 | - | $ 59,222,058 | 58% |
| Total | $ 20,798,703 | $ 48,545,133 | $ 12,929,174 | $ 19,313,243 | $ 101,586,253 | 100% |
| Expenditure type | Arts and Culture |
|---|---|
| Charitable Donations | - |
| Community/community investment | $ 10,245,952 |
| Business initiatives | $ 10,552,751 |
| Total | $ 20,798,703 |
| Expenditure type | Industry-academia |
| Charitable Donations | - |
| Community/community investment | $ 7,995,000 |
| Business initiatives | $ 40,550,133 |
| Total | $ 48,545,133 |
| Expenditure type | Education |
| Charitable Donations | - |
| Community/community investment | $ 4,810,000 |
| Business initiatives | $ 8,119,174 |
| Total | $ 12,929,174 |
| Expenditure type | Public welfare |
| Charitable Donations | $ 8,438,520 |
| Community/community investment | $ 10,874,723 |
| Business initiatives | - |
| Total | $ 19,313,243 |
| Expenditure type | Total Expenses |
| Charitable Donations | $ 8,438,520 |
| Community/community investment | $ 33,925,675 |
| Business initiatives | $ 59,222,058 |
| Total | $ 101,586,253 |
| Expenditure type | Percentage |
| Charitable Donations | 8% |
| Community/community investment | 33% |
| Business initiatives | 58% |
| Total | 100% |
Analysis of Foundation Expenditure Projects in 2024
| Expenditure type | Arts and Culture | Industry-academia | Education | Public welfare | Total Expenses |
|---|---|---|---|---|---|
| Cash Donations | $ 20,174,742 | $ 47,088,779 | $ 12,541,299 | $ 18,993,452 | $ 98,798,272 |
| Volunteer Fees | - | - | - | $ 319,791 | $ 319,791 |
| Item donation | - | - | - | - | - |
| Administrative and marketing expenses | $ 623,961 | $ 1,456,354 | $ 387,875 | - | $ 2,468,190 |
| Total | $ 20,798,703 | $ 48,545,133 | $ 12,929,174 | $ 19,313,243 | $ 101,586,253 |
| Expenditure type | Arts and Culture |
|---|---|
| Cash Donations | $ 20,174,742 |
| Volunteer Fees | - |
| Item donation | - |
| Administrative and marketing expenses | $ 623,961 |
| Total | $ 20,798,703 |
| Expenditure type | Industry-academia |
| Cash Donations | $ 47,088,779 |
| Volunteer Fees | - |
| Item donation | - |
| Administrative and marketing expenses | $ 1,456,354 |
| Total | $ 48,545,133 |
| Expenditure type | Education |
| Cash Donations | $ 12,541,299 |
| Volunteer Fees | - |
| Item donation | - |
| Administrative and marketing expenses | $ 387,875 |
| Total | $ 12,929,174 |
| Expenditure type | Public welfare |
| Cash Donations | $ 18,993,452 |
| Volunteer Fees | $ 319,791 |
| Item donation | - |
| Administrative and marketing expenses | - |
| Total | $ 19,313,243 |
| Expenditure type | Total Expenses |
| Cash Donations | $ 98,798,272 |
| Volunteer Fees | $ 319,791 |
| Item donation | - |
| Administrative and marketing expenses | $ 2,468,190 |
| Total | $ 101,586,253 |
List of social welfare expenditures in the past four years
| Expenditure type | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Charitable donations | $ 8,438,520 | $ 23,295,775 | $ 7,476,680 | $ 30,976,102 |
| Community/community investment | $ 33,925,675 | $ 23,017,605 | $ 30,115,185 | $ 24,675,636 |
| Business initiatives | $ 59,222,058 | $ 59,118,535 | $ 54,460,140 | $ 21,206,083 |
| Total | $ 101,586,253 | $ 105,431,915 | $ 92,052,005 | $ 76,857,821 |
| Expenditure type | 2021 |
|---|---|
| Charitable donations | $ 30,976,102 |
| Community/community investment | $ 24,675,636 |
| Business initiatives | $ 21,206,083 |
| Total | $ 76,857,821 |
| Expenditure type | 2022 |
| Charitable donations | $ 7,476,680 |
| Community/community investment | $ 30,115,185 |
| Business initiatives | $ 54,460,140 |
| Total | $ 92,052,005 |
| Expenditure type | 2023 |
| Charitable donations | $ 23,295,775 |
| Community/community investment | $ 23,017,605 |
| Business initiatives | $ 59,118,535 |
| Total | $ 105,431,915 |
| Expenditure type | 2024 |
| Charitable donations | $ 8,438,520 |
| Community/community investment | $ 33,925,675 |
| Business initiatives | $ 59,222,058 |
| Total | $ 101,586,253 |