Visions, Goals, and Strategies
In August–September 2020, Advantech ran the 2025 Vision Depiction Workshop. In September, we officially established the 2025 Vision Declaration, and ESG is a critical part of this. Advantech’s ESG Vision Declaration is as follows: “Emphasize environmental, social, and corporate governance topics, implement Lita co-enrichment, and enable an intelligent and sustainable planet.”
Advantech’s ESG vision began with our corporate vision of “Enabling an intelligent planet.” Considering our core competitiveness, key development strategies, and response to the UN SDGs, we aim to leverage our AIoT core competencies and smart solutions to assist in realizing SDG 7 and SDG 13 for improved energy efficiency, energy-saving in buildings and in manufacturing, and low carbon emissions in logistics and retail. Through our open, innovative environment and education efforts aimed at popularizing IoT platforms and solutions, we seek to provide outstanding education (SDG 4) and promote partnerships (SDG 17).
Advantech 2025 Vision and our focuses on UN SDGs

Advantech’s Management Guidelines for Material Issues
Information Security Management | |
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Materiality | |
Materiality | With the continuous threat of cyber attacks, information security has become one of the primary risks for global business operations. ESG rating agencies, including the Dow Jones ustainability Index (DJSI), have incorporated information security management as a crucial criterion in their assessments. IT has obviously become a topic that needs to be taken seriously by enterprises. Advantech is a global IoT leader. Information security issues involves a company’s operational stability, product security, privacy and other aspects. Regarding Advantech's brand value, it is extremely important to stakeholders such as employees, customers, and investors. |
Management Strategy | |
Management Strategy |
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Policy or commitment | |
Policy or commitment | The Company's business continuity is guaranteed. Risks are effectively reduced, such as the theft, improper use, leakage or destruction of information assets caused by human error, hacker attacks or natural disasters. In this way, the interests of shareholders and customers are guaranteed. |
Description of impact | |
Description of impact | The topic of Advantech's information security management has not caused any negative impact on the Company, customers, environment, economy, or society in 2022. During this period, the Company had a total of 1 information security incident (Please refer to Chapter 2 - 2.2 Information security management). Advantech will continue to improve the quality of information security management. Therefore, it avoids negative impact on production or operation activities or related compensation to customers, suppliers, and employees if their personal information is stolen in the future |
2022 Achievement Status | |
2022 Achievement Status |
Goals achieved:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness | Semi-annual Cyber Security Review Meeting and information security governance group meetings are held. The annual information security goals and the progress of the implementation of material information security projects are continuously tracked. |
Stakeholder Engagement | |
Stakeholder Engagement | Please refer to Chapter 2 - 2.2 Information security management improvement plans. |
Eco Design and Sustainability Liability of Product | |
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Materiality | |
Materiality | We are committed to improving the Company's overall product green design standards. Environmentally friendly and high-efficiency products are provided to commit to longterm operation and create a sustainable supply chain. In this way, the responsibility of green product management is fulfilled. Internal standards were gradually raised. It includes the improvement of energy efficiency of products, the adoption of green materials and packaging materials, and the principles of easy disassembly and recycling. Meanwhile, Advantech's overall competitiveness has been enhanced to meet the requirements of international and environmental regulations. We work with suppliers, downstream system integrators and strategic partners to produce low-carbon and environmentally friendly products, which is the goal of green products. |
Management Strategy | |
Management Strategy |
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Policy or commitment | |
Policy or commitment | In respect to the global Sustainable Development Goals, Advantech is responding to SDG 9 (Industry Innovation and Infrastructure) and SDG 12 (Responsible Consumption and Production). Starting from raw materials, product design and extending into manufacturing and environmental management, we are gradually setting goals and introducing each item of the standards. We thus are willing to do our best to improve the environment, reduce environmental impact, and produce environmentally friendly products. |
Description of impact | |
Description of impact |
In order to improve the Company's overall green design standards and requirements, the Company may need to invest more research and development resources and expenses in the short term. Moreover, R&D design may encounter a high threshold to break through. However, in the medium and long term, investing in green product design and fulfilling corporate responsibility for environmental sustainability will have a positive impact on the overall environment and economy. Advantech's overall sustainable competitiveness can also be enhanced. Also, the expectations of stakeholders and customers are met. In this way, we align ourselves with leading sustainable enterprises and attract outstanding talents to join us. |
2022 Achievement Status | |
2022 Achievement Status |
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement | Advantech will continue to strengthen product green design and engage the stakeholders. No significantly negative impact was caused by this topic. Therefore, there was no remedial measures. |
Application Advocacy and Education of IoT | |
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Materiality | |
Materiality | Advantech invests in product and technology innovation and creates a co-prosperity mechanism with ecological partners in R&D and business. Industry-university cooperation is the source of external innovation. Expanding the talent pools and partnership with R&D community. The results of R&D are promoted to be industrialized and marketized. |
Management Strategy | |
Management Strategy | We cooperate with leading universities in Taiwan to promote industry-university cooperation and to reduce the gap between studying and application. Enterprise resources are connected in stages to promote the implementation of the industrialization of results in academic researches. We cooperate with global ecosystem partners through online education platforms and open innovation competitions. Internet of things universal education is also jointly promoted. |
Policy or commitment | |
Policy or commitment | We cooperate with leading universities in Taiwan to promote industry-university cooperation and to reduce the gap between campus and application. We promote the implementation of the ndustrialization of results in academic researches. We cooperate with partners through online education platforms and open innovation competitions. |
Description of impact | |
Description of impact |
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2022 Achievement Status | |
2022 Achievement Status |
No target set for 2022 / Results achieved in 2022:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement | No negative impact caused to any stakeholder or the environment, economy, or society. Therefore, no remedial measures or communicate with stakeholders are required. |
Sustainable Intelligent Solutions | |
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Materiality | |
Materiality |
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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:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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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. |
Co-creation of Customers and Partners | |
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Materiality | |
Materiality | Good customer relationships can enhance Advantech's corporate competitiveness; high-quality partnerships can enhance the creativity of the IoT industry as a whole |
Management Strategy | |
Management Strategy | Good customer relationships can enhance Advantech's corporate competitiveness; high-quality partnerships can enhance the creativity of the IoT industry as a whole |
Policy or commitment | |
Policy or commitment |
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Description of impact | |
Description of impact |
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2022 Achievement Status | |
2022 Achievement Status |
No target set for 2022 / 2022 Achievement Status is as follows:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement | Advantech will continue to collect, pay attention to and respond to suggestions from stakeholders through existing communication channels; This topic has temporarily has no significantly negative impact to stakeholder or the environment, economy, or society. Therefore, there was no remedial measures. |
Sustainable Management of the Supply Chain | |
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Materiality | |
Materiality | We have established the stable development of friendly relations with supply chain partners under our business philosophy of sustainable corporate development. In addition to taking quality into account, we also hope that by building a sustainable supply chain we will fulfill our corporate social responsibilities together with our partners while working together for environmental protection. |
Management Strategy | |
Management Strategy |
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Policy or commitment | |
Policy or commitment |
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Description of impact | |
Description of impact |
Advantech expects to establish a responsible and transparent supplier management system. We also look forward to driving the sustainable transformation of the supply chain, so we incorporate the assessment of suppliers' ESG sustainable management into procurement decisions. In this way, possible impacts on environmental pollution, occupational safety, and labor rights are reduced, and the positive environmental and economic impacts of the overall supply chain are also enhanced. ![]() ![]() |
2022 Achievement Status | |
2022 Achievement Status |
No target set for 2022 / 2022 Achievement Status is as follows:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement | Advantech will continue to collect, pay attention to and respond to suggestions from stakeholders through existing communication channels; This topic has temporarily has no significantly negative impact to stakeholder or the environment, economy, or society. Therefore, there was no remedial measures. |
Risk Foresight and Crisis Management | |
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Materiality | |
Materiality | The purpose of risk management is to protect and enhance corporate value, being able to structure and systematically assess risks that may be faced, making timely and responsive decisions that meet the company's operational goals, and ensuring that goals are achieved while enabling improvement. As a global leader in our industry, Advantech has had a continuous focus and drive for significant strategic and operational risk management. |
Management Strategy | |
Management Strategy |
In recent years, Advantech has re-examined the governance structure of risk management, the composition and operation of the risk management team, and the operation process of risk management. Hence, risk management is ensured in a systematic and structured manner which has been promoted. The Board of Directors is the highest governance unit for risk management, and directly supervises general strategic risks and information security risks. The Sustainable Development Committee and Remuneration Committee also participate in overseeing some strategic risks. The Audit Committee is mainly responsible for supervising the pan-operational risks. |
Policy or commitment | |
Policy or commitment | Advantech develops risk management policies and operational continuity plans to prepare for possible business interruption risks, or various emerging risks. We also regulate operations when risks occur in order to minimize their potential impact and influence. Then, subsequent correction and management are achieved. In addition, Advantech strives to provide transparent and real-time information delivery and communication to potentially affected stakeholders for various related risks. |
Description of impact | |
Description of impact | Risks identified by Advantech's risk management process involve economic, environmental, and social issues. If there is no effective management and response to each risk item, the possible negative impact on the company includes the impact of the promotion of the company's strategy and operating performance, the impairment of the company's goodwill, or the increase of the company's operating costs and expenses. On the other hand, risks can be transformed into future business opportunities and competitiveness through early identification and effective response to risk items. |
2022 Achievement Status | |
2022 Achievement Status |
The goal of 2022 has been achieved, and the achievement status is 100%:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement | Advantech conducts risk surveys every year. The objects of the investigation include directors, accountants, external consultants, etc. In addition to identifying major risk items, the survey also collected opinions on improving risk management. Moreover, a risk mailbox has also been set up to encourage employees to put forward suggestions for improvement. The main risks and related countermeasures are fully disclosed through channels such as the official website, sustainability report, investor conference, press release, and so on to facilitate investors, corporate shareholders and other stakeholders to fully understand. |
Employer-Employee Relationship and Diverse and Inclusive Workplaces | |
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Materiality | |
Materiality | Advantech has been actively promoting gender equality in the global workplace for a long time to promote diversity and equality. It includes: equal pay, a fair performance appraisal and promotion system, flexible working hours, and family care leave, etc. When hiring, we ensure that gender, race, religion, political affiliation, marital status do not affect the employment conditions, or have differential treatment in terms of salary. Advantech has established a clear recruitment strategy around the world to strengthen the diversity of employees. Also, internal multiple training and talent development channels are used to gradually eliminate the impact of employees' basic differences resulting from physical or psychological conditions. Moreover, the relevant indicators of salaries and rewards between districts, types of work and ranks are regularly reviewed to ensure that a diverse and equal workplace environment is implemented and created. |
Management Strategy | |
Management Strategy | Advantech is committed to promoting various gender equality measures and supporting policies. The annual Kick-off Meeting and Employee Zone are used to convey information. Besides, Advantech has also set up a mailbox for employees for employees’ feedback. |
Policy or commitment | |
Policy or commitment |
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Description of impact | |
Description of impact | Paid parental leave, which is superior to that stipulated in the statute, was enacted. Therefore, it needs the support of the company to invest more funds and human resources in the short term. However, this is a necessary measure for sustainable operation for the company's overall workplace environment. While the life of employees is guaranteed, a good employer brand is established to help recruit more outstanding talents to join Advantech. |
2022 Achievement Status | |
2022 Achievement Status |
The goals for 2022 have not been set, but there are the following results:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement | Advantech discloses various policies and systems through multiple communication channels, and understands employees' thoughts through employee satisfaction surveys. Meanwhile, the impact of each system on retention and talent recruitment is evaluated. In addition, a complaint channel for employees has been set up to facilitate response, care, and protection of the rights and interests of Advantech employees. |
Innovative Mechanism | |
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Materiality | |
Materiality | "Enable an intelligent and sustainable planet" is Advantech's corporate vision. Also, products and technologies, business innovation, and the mechanism of co-creation and co-prosperity with ecological partners are systematically invested in this strategy. |
Management Strategy | |
Management Strategy | According to the vision defined in 2015 and the "blueprint for the development of AIoT Internet of Things", Advantech regards AIoT as the engine of future industrial growth. Also, we have transformed the Company from a manufacturer of industrial computers into a provider of industrial IoT terminals, cloud solutions, technology suppliers and service providers through various innovative means. Currently, Advantech has an innovation mechanism including three categories and six projects for products,technologies, careers, and academic cooperation. |
Policy or commitment | |
Policy or commitment | The process promotion of innovation management is promoted to the level of enterprise development. It is also an important practice in the development of emerging business opportunities. Strategically, we actively communicate with potential external partners for the concept of external strategic cooperation and co-creation. It promotes the diversification of innovative proposals and the flexibility of execution to grasp the opportunities in the development of the AIoT industry. |
Description of impact | |
Description of impact |
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2022 Achievement Status | |
2022 Achievement Status |
No target set for last year/ Description of key achievements for 2022:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness | When the innovative mechanism is promoted, different effectiveness indicators are given according to the attributes of the issues that each mechanism focuses on in order to ensure that the innovative measures and mechanisms can exert their maximum benefits. Each innovation mechanism has a way of defining annual goals (KPIs), conditions for achieving goals, and follow-up actions. After regular follow-up, the connection between new products and new revenue generated on the execution side is ensured. |
Stakeholder Engagement | |
Stakeholder Engagement | Innovation strategy and direction are linked with SDC (Sustainability Development Committee) decisions at the level of the board. The evaluation of innovative proposals is introduced by external specialist academics and consultants. Co-creation with start-ups, or school research institutions, or strategic cooperation and investment with ecosystem-related manufacturers are applied to the implementation of the plan. Investment units, strategic units, innovation management, product and R&D units of public institutions are connected horizontally within the Company to jointly invest in innovation and co-creation. |
Human Rights | |
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Materiality | |
Materiality | Advantech and its entire management understand that the compliance with international labor standards and protection of labor rights are the basic conditions for a responsible company. Meanwhile, it is also the expectation of stakeholders such as consumers, the public and the government. Advantech is committed to complying with national labor laws and regulations, internationally recognized labor standards, and other applicable international conventions. Working conditions and employee benefits shall be continuously improved in order to establish, implement and maintain a good human rights management system. Also, the scope of this specification is extended to suppliers and contractors. |
Management Strategy | |
Management Strategy | Advantech's global operations are being gradually promoted to the Responsible Business Alliance (RBA) audit certification. In this way, the company is ensured to have a consistent working structure and follow standards in managing global human rights issues. In 2022, Advantech had no material human rights violations in any of its global operations. |
Policy or commitment | |
Policy or commitment | Advantech promises to strictly abide by the labor laws of the local governments where the global bases are located. We also follow the world's major sustainability and human rights standards, such as the Dow Jones Sustainability Index (DJSI) and the Responsible Business Alliance (RBA). In doing so, we ensure that conditions of employment are not influenced by factors unrelated to job ability, such as "race, color, age, religion, national origin, ancestry, marital status, sex, sexual orientation, gender identity, veteran status, or political position" when hiring. |
Description of impact | |
Description of impact |
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2022 Achievement Status | |
2022 Achievement Status |
Goals not set for 2022:
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2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness |
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Stakeholder Engagement | |
Stakeholder Engagement |
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Industry Talent Cultivation and Development | |
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Materiality | |
Materiality | Talent is the key dynamic of enterprise growth. Advantech regards employee cultivation and development as an important development project, adhering to the concept of Right People On the Bus. We are committed to creating a working environment which can stimulate the enthusiasm of colleagues, develop the potential of individuals and teams to create a benchmark enterprise for excellence and innovation. |
Management Strategy | |
Management Strategy | The goal of retaining talents is achieved by the strategic policy of talent development as the main axis, the improvement of the utilization rate of digital platforms, and the institutionalized incentive and development mechanism. |
Policy or commitment | |
Policy or commitment |
Advantech's Employee Development Manifesto: The core of Advantech's cultivation and development of employees is to make Advantech's people feel that their own value is constantly being improved. Their career development is fully supported. Sufficient resources are obtained for continuous growth, enabling Advantech's people to realize their potential. The annual O&PR (Organization & People Review) and performance evaluation can help supervisors and employees understand the direction of the company's strategic development and personal career planning. Individual employee development needs are understood. Advantech provides comprehensive development content for the employees. Employee development is assisted with resources such as promotions, rotations, and training courses. The training courses cover orientation and training, job function improvement, management ability training, and business ability training. |
Description of impact | |
Description of impact | A sound employee development plan is the key to allowing talents to maintain a competitive advantage in the market, and it shall also have a positive impact on the economy and the population. The annual O&PR (Organization & People Review) helps Advantech's executives and colleagues understand the company's strategic development direction and personal career planning. Individual employee development needs are understood. We then provide a full range of development content. Personal ability and experience accumulation are improved through promotion, rotation, training courses and other resources. The training courses cover the education and training of newcomers, the improvement of job functions, the cultivation of management ability, and the training of business ability. In this way, we hope that colleagues can fully perform their strengths and grow together with Advantech to enhance their competitiveness in the workplace. |
2022 Achievement Status | |
2022 Achievement Status |
Goals achieved:
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*Note: |
2023 Goals | |
2023 Goals |
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2025 Goals | |
2025 Goals |
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Action Plan | |
Action Plan |
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Evaluation of effectiveness | |
Evaluation of effectiveness | ![]() ![]() |
Stakeholder Engagement | |
Stakeholder Engagement | Employees are Advantech's most important assets and the driving force behind the company's sustainable development. Therefore, Advantech attaches great importance to employees' suggestions and feedback for talent development and training. Employees' thoughts and needs are understood through the after-course questionnaires of training courses and annual performance interviews. The performance appraisal system is also used to plan the individual development plan (IDP) of employees. Subsequently, the annual satisfaction survey was used as a quantitative indicator of improvement to evaluate its effectiveness. |
About Advantech Technology 2022 Sustainability Report
Editorial Principles of the Report
Advantech Corporation (“Advantech”) has issued our 2022 Corporate Sustainability Report to openly and transparently present the Company's governance, environmental, and social-related strategies, management policies, practical results, and future direction of progress to stakeholders and the general public. This report has be published in June 2023. The annual key work is based on the GRI (Global Reporting Initiative) Universal Standards 2021 Reference (Reference) option, the sustainability indicators that should be disclosed in specific industries (industry: computer and peripheral equipment industry) required by the Financial Supervisory Commission, and AA1000 to report.
Report Boundaries and Scope
The boundaries of this report include important operating bases and major factories of: Advantech Taiwan's Ruiguang, Taipei Sunny, Donghu, Linkou (collectively referred to as ACL) and Advantech Kunshan Manufacturing Center (AKMC). The scope of disclosure of overseas operating bases includes: Advantech Corporation (ANA), Advantech Europe B.V. (AEU), Advantech Japan Co., Ltd (AJP), Advantech KR Co., Ltd (AKR), Advantech China Co., Ltd (ACN ). The manufacturing capacity of the above bases accounts for 100% of Advantech's manufacturing capacity.Consolidated revenue accounted for 92.3% of the group. The number of employees accounts for 95.96% of the total number of employees. In addition, relevant content concerning the Advantech Foundation constitutes voluntary disclosure. Regarding branches and offices in other regions, even if the associated control rights are greater than 50%, most of them focus on marketing and business activities. Due to the difficulty of data collection and other matters of inaccessibility, they have not yet been included in this Report. In the future, we expect to gradually disclose the ESG (Environmental, Social, Governance)- related content that can be collected. In addition, Advantech's Annual Report is in compliance with International Financial Reporting Standards (IFRS) with a scope of coverage comprising Advantech and its affiliated companies; the information of affiliated companies is not included in this Report.
Report Assurance and Third Party Verification
In order to provide readers with reliable public information, this report has been guaranteed and assured by a third party. Please refer to the appendix for assurance indicators: GRI, SASB, assurance indicator index table. This report is verified by an independent third-party unit, SGS Taiwan Limited, to meet the requirements of AA1000AS* Type II High Assurance Level, GRI (Global Reporting Initiative) Universal Standards 2021 Reference option, the sustainability indicators that should be disclosed in specific industries (industry: computer and peripheral equipment industry) required by the Financial Supervisory Commission for reporting purposes. According to Taiwan Standard on Assurance Engagements 3000 (TWSAE3000) "Assurance engagements that are not audits or reviews of historical financial information", PwC Taiwan performs independent limited assurance processing for selected key performance indicators. The limited assurance report is included in the appendix of this report.