Advantech's Corporate Citizenship Strategy
Advantech has applied IoT technology to develop smart healthcare by leveraging its core competencies, contributing to the realization of SDG 3 Good Health and Well-being. In addition, it has also responded to SDG 9 Industry Innovation and Infrastructure and SDG 4 Quality Education-related issues, and it has been a long-time supporter of IoT education and various innovative sustainable education initiatives, hoping to cultivate Taiwanese children and youth into global citizens with a strong sense of environmental sustainability. Social investment and education, culture, and public welfare also align with SDG 4.
Advantech promotes sustainable education and national aesthetic attainments. In addition to investing in educational innovation, Advantech also encourages and sponsors sustainable education promotion programs in primary and secondary schools, and supports private education platforms to promote Project-Based Learning (PBL). We also continue to invest resources to assist professional schools and arts and cultural groups in cultivating outstanding artistic talents, and actively promoting the public‘s aesthetic attainments while simultaneously enhancing the development of the arts and cultural industries, so as to enhance the soft power of art for Taiwan.
Medium- and Long-Term Goals
The vision of the foundation is based on Advantech‘s altruistic philosophy, combined with the participation of corporate stakeholders, to promote ’industry-academia collaboration,‘ ’education innovation‘, ’art industry co-prosperity‘ to promote the development of a smart and happy community“ as the foundation vision statement. Advantech is committed to becoming a smart enabler of a sustainable earth and is committed to becoming a brand enterprise of truth, goodness, and beauty. With the goal of cultivating talents to promote a sound society in which technology and humanities advance simultaneously, Advantech will continue to deepen the use of smart healthcare and education on the IoT based on its core competencies in the future; and enhance the arts, culture, and public welfare activities by integrating social development and strengthening the connection between the Company’s employees. through the planning of ”IoT Industry-Academic Cooperation“, ”Innovation Sustainable Education“, ”Co-prosperous Development of Arts and Enterprises“, and "Rural Charity" as the key project to promote the annual targets.
All the foundation's projects have been approved by the Board of Directors. Depending
on the appropriateness, the community is jointly responded, or employees, customers,
suppliers and all stakeholders are invited to participate.
List of the foundation’s social welfare expenditures in 2023
| Expenditure type | Arts and literature | Industry-academia | Education | Public welfare | Total Expenses | Percentage |
|---|---|---|---|---|---|---|
| Charitable Donations | - | - | - | $ 23,295,775 | $ 23,295,775 | 22% |
| Neighborhood/Community Investment | $ 8,882,336 | $ 51,000 | $ 7,815,000 | $ 6,269,269 | $ 23,017,605 | 22% |
| Business initiatives | $ 7,286,087 | $ 46,275,563 | $ 4,056,885 | $ 1,500,000 | $ 59,118,535 | 56% |
| Total | $ 16,168,423 | $ 46,326,563 | $ 11,871,885 | $ 31,065,044 | $105,431,915 | 100% |
| Expenditure type | Arts and literature |
|---|---|
| Charitable Donations | - |
| Neighborhood/Community Investment | $ 8,882,336 |
| Business initiatives | $ 7,286,087 |
| Total | $ 16,168,423 |
| Expenditure type | Industry-academia |
| Charitable Donations | - |
| Neighborhood/Community Investment | $ 51,000 |
| Business initiatives | $ 46,275,563 |
| Total | $ 46,326,563 |
| Expenditure type | Education |
| Charitable Donations | - |
| Neighborhood/Community Investment | $ 7,815,000 |
| Business initiatives | $ 4,056,885 |
| Total | $ 11,871,885 |
| Expenditure type | Public welfare |
| Charitable Donations | $ 23,295,775 |
| Neighborhood/Community Investment | $ 6,269,269 |
| Business initiatives | $ 1,500,000 |
| Total | $ 31,065,044 |
| Expenditure type | Total Expenses |
| Charitable Donations | $ 23,295,775 |
| Neighborhood/Community Investment | $ 23,017,605 |
| Business initiatives | $ 59,118,535 |
| Total | $105,431,915 |
| Expenditure type | Percentage |
| Charitable Donations | 22% |
| Neighborhood/Community Investment | 22% |
| Business initiatives | 56% |
| Total | 100% |
Analysis of expenditures
| Form of expenditure | Arts and Culture | Industry-academia | Education | Public welfare | Total Expenses |
|---|---|---|---|---|---|
| Cash Donations | $ 15,683,370 | $ 41,868,426 | $ 11,515,728 | $ 30,788,624 | $ 99,856,149 |
| Volunteer Fees | - | - | - | $ 276,420 | $ 276,420 |
| Item donation | - | $ 3,068,340 | - | - | $ 3,068,340 |
| Administrative and marketing expenses | $ 485,053 | $ 1,389,797 | $ 356,157 | - | $ 2,231,006 |
| Total | $ 16,168,423 | $ 46,326,563 | $ 11,871,885 | $ 31,065,044 | $ 105,431,915 |
| Form of expenditure | Arts and Culture |
|---|---|
| Cash Donations | $ 15,683,370 |
| Volunteer Fees | - |
| Item donation | - |
| Administrative and marketing expenses | $ 485,053 |
| Total | $16,168,423 |
| Form of expenditure | Industry-academia |
| Cash Donations | $ 41,868,426 |
| Volunteer Fees | - |
| Item donation | $ 3,068,340 |
| Administrative and marketing expenses | $ 1,389,797 |
| Total | $ 46,326,563 |
| Form of expenditure | Education |
| Cash Donations | $ 11,515,728 |
| Volunteer Fees | - |
| Item donation | - |
| Administrative and marketing expenses | $ 356,157 |
| Total | $ 11,871,885 |
| Form of expenditure | Public welfare |
| Cash Donations | $ 30,788,624 |
| Volunteer Fees | $ 276,420 |
| Item donation | - |
| Administrative and marketing expenses | - |
| Total | $ 31,065,044 |
| Form of expenditure | Total Expenses |
| Cash Donations | $ 99,856,149 |
| Volunteer Fees | $ 276,420 |
| Item donation | $ 3,068,340 |
| Administrative and marketing expenses | $ 2,231,006 |
| Total | $ 105,431,915 |
Social welfare expenditure in the recent three years
| Expenditure type | 2021 | 2022 | 2023 |
|---|---|---|---|
| Charitable donations | $ 30,976,102 | $ 7,476,680 | $ 23,295,775 |
| Community/community investment | $ 24,675,636 | $ 30,115,185 | $ 23,017,605 |
| Business initiatives | $ 21,206,083 | $ 54,460,140 | $ 59,118,535 |
| Total | $ 76,857,821 | $ 92,052,005 | $ 105,431,915 |
| 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 |