Advantech, a global industrial IoT manufacturer, has been formulating in recent years"A smart enabler for a sustainable planet"As an ESG development vision. In order to accelerate the zero-carbon transition of global energy, Advantech officially became a RE100 member in June this year, and has achieved the two goals of using 100% renewable energy in its global operations by 2040 and achieving net zero by 2050 through the Corporate Sustainability Committee. At the same time, it also actively combines the company's core industries to develop various sustainable and intelligent solutions, including smart energy, smart healthcare, smart factories, smart transportation, etc., and co-creates cooperation with industry chain ecosystem partners. In 2022, the proportion of revenue from sustainable products will also exceed 18%, in order to truly implement the core competencies of the enterprise and combine the sustainable development goals to balance the development of ESG in three aspects.
In terms of corporate governance, Advantech has established a sustainability committee at the board level to oversee the overall ESG development strategy, link senior compensation with ESG performance, deepen the sustainable thinking into daily business promotion, and enhance the competitiveness of sustainable management"Corporate Governance Evaluation"Top 5% of listed companies. In the future, Advantech will continue to work from"Green operations"、"The Internet of Things is popularized and mutually beneficial"、"Employees and society for the common good"Starting from the three main axes of sustainability, we will continue to make breakthroughs and pursue excellence through planned, systematic and disciplined actions, so as to build a benchmark enterprise with operational resilience.
In terms of the environment, Advantech initiated an internal carbon pricing introduction study this year and obtained its first product carbon footprint certification (ISO 14067) in the fourth quarter. In the face of emerging issues of biodiversity, Advantech leveraged its AIOT advantages to combine future business opportunities in biodiversity development, take stock of the Group's biodiversity risk assessment, and incorporate employee volunteer participation, coastal forest restoration, and wetland adoption into its practical work of ecological protection. In terms of green products and sustainable responsibility, green packaging materials have been introduced to reduce carbon emissionsIn view of the governance of the first business, we will expand the promotion of green and low-carbon ** chain and implement the key business improvement plan, and work together with ** chain to establish the same standards in ESG work, consolidate sustainable and stable partnerships, and move towards a sustainable ** chain.
In the social dimension, Advantech uses its own industrial IoT industry resources and advantages to work with industry, academia and research institutes to:"Convergence of learning and application, open innovation, and universal education"Push"Industry-academia co-creation value chain"It achieves the Xi and innovation of the Internet of Things (IoT), assists students in connecting with the workplace, and provides the most lacking market verification opportunities for start-up teams, demonstrating Advantech's strong support for youth employment and entrepreneurship. Yanhua Culture and Education Association also continues to promote the social exhibition of intelligent happiness with the three main axes of sustainable education, IoT innovation and humanistic literacy. At the same time, this year, we released the strategic blueprint, process and phased goals of DEI (Diversity, Equity, Inclusion) in the diverse and inclusive workplace, launched the digital transformation plan of talent information, and carried out diversified recruitment channels and talent cultivation projects to achieve this"People-oriented"of happy workplaces.
Advantech's ESG performance has been highly recognized at home and abroad. Advantech made the list for the first time this year"Dow Jones Sustainability Indices World (DJSI World).", ranked in the top 10% of companies with the highest industry sustainability scores. In addition, the overall performance in the S&P Global Corporate Sustainability Assessment is also quite impressive, and the overall score is not only ranked fourth in the THQ Computers & Peripherals and Office Electronics industry, but also the highest score in the industry in the governance and economic dimensions. The social dimension is second;In 25 selection dimensions,:"Tax policy"、"Innovation management"、"Resource efficiency and circularity"、"Waste management"、"Privacy Protection"The 5 dimensions are even more full marks. In addition to being selected as a constituent stock of the Dow Jones Index (DJSI) World Index, Advantech also won the best results in the history of the World Corporate Citizenship Award and the Foresight ESG Award this year. Advantech aligns its business operations with sustainable development goals and works with its partners in the first chain"Smart promoter of a sustainable planet"The vision has been affirmed and it has become one of the leading international sustainable development enterprises.