Advantech’s Statement on the Management of Participation in Climate Change Related Organizations
7/23/2023
【Overview of Advantech's participation in climate change-related organizations】
Advantech has been participating in climate change-related organizations since 2022 and has actively engaged in workshops, lectures, trainings, and initiatives as a corporate member. (For specific details on climate change-related organizations or initiatives, please refer to the 2022 Sustainability Report, Appendix 5: List of Public Associations Participated and Description of Investing in Resources). As of May 2023, Advantech has participated in a total of five organizations related to climate change. These organizations cover various issues, such as fulfilling corporate sustainability responsibilities to support and protect biodiversity, responding to the use of renewable energy, participating in the corporate sustainability community to acquire the latest sustainability knowledge, and paying attention to climate change issues and corporate actions related to them.
【Advantech's management mechanism and core values for participation in climate-change-related organizations】
As awareness of climate change issues continues to grow, Advantech has developed a comprehensive plan to address these concerns. This includes a climate change strategy, a vision of achieving net-zero carbon emissions, a description of Advantech's response to climate change, and a track record of gradual progress in this area. Furthermore, Advantech actively supports the Paris Agreement's initiative to limit global warming to well below 1.5°C, aligning with the aforementioned plan.
In terms of managing participation in climate-change-related organizations and lobbying activities, Advantech's ESG Office screens and identifies public associations or non-profit organizations that align with the principles of sustainability and support the goals and spirit of the Paris Agreement. The office reports to senior executives responsible for sustainability issues, plan resource allocation, and participate in seminars, workshops, and lectures on climate change as planned. When necessary, relevant Advantech executives, including supervisors from the Sustainability Committee and the ESG Office, may participate in activities or initiatives related to climate change.
Advantech actively engages in acquiring new knowledge on corporate sustainability and climate change, and collaborates with benchmark companies to strengthen its ability to fulfill the commitments outlined in the Paris Agreement.
Advantech will cease supporting and engaging in any form of association or involvement if it is discovered that the chosen public associations or non-profit organizations are inconsistent with our stance on climate change or do not align with the goals and principles of the Paris Agreement. Or the Advantech would release public statements distancing the Company from the misalignment, engagement with the trade associations with clear timelines and an escalation process if unsuccessful.
The scope of this statement: All jurisdictions where we have operations
Signed by：
陳清熙Eric Chen
President of General Management
May 2023
