Chairman’s Statement
In 2023, the world saw the lifting of restrictions following the COVID-19 pandemic. However,international wars, rising interest rates, inflation, and unstable economic growth continued to challenge business strategies. In the face of fluctuating economic conditions, HIWIN made thorough preparations and responsive measures to tackle the most severe challenges. The pressing climate issues have taught us to minimize risk impacts with resilience and to seize the opportunities that arise from these challenges.
HIWIN’s consolidated net income in 2023 was US$802.8 million, with net profit amounting to US$59.6 million. HIWIN was once again ranked in the top 5% in the 10thCorporate Governance Evaluation among listed companies, and the HIWIN brand was ranked in the Top 25 Best Taiwan Global Brands for four consecutive years.
HIWIN’s sustainable vision blueprint includes several goals to be achieved with the cooperation of our partners. Through the following four sustainable roles, we undertake various actions, hoping that all stakeholders and those who care about HIWIN can better understand our commitment to sustainable development and our core competencies.
An Achiever of Common Good in Society
Talent cultivation and passing down knowledge and experience have always been integral to HIWIN’s educational philosophy. Initiatives such as establishing libraries in elementary schools, sponsoring books, providing English teaching, and demonstrating STEAM education continue to be part of our efforts. We also sponsor the HIWIN Doctoral Dissertation Award and the HIWIN Thesis Award, and engage in industry-academia cooperation with several universities. These efforts focus on cultivating key talents in smart manufacturing, artificial intelligence, and sustainable energy technology to promote industrial development and economic prosperity.
A Builder of Diversity in the Workplace
Our global operations have made us realize the cultural differences across regions.HIWIN nurtures local talents in our global subsidiaries and operates through localized management. In Taiwan, besides creating a suitable workplace environment, we offer comprehensive training systems and salaries above industry standards. We also implement various measures for building a friendly work environment, such as designated parking spaces for pregnant employees, breastfeeding rooms, and Employee Assistance Programs (EAPs) to assist employees in need, especially women. As of the end of 2023, the proportion of female supervisors increased to 13.6%, women in STEM positions to 12.5%, and the key talent retention rate rose to 94.6%, marking the best performance in five years and showcasing the diversity and strength of our organizational team.
Practitioner of Green Manufacturing
In 2023, HIWIN made significant strides in sustainable operations. In response to the Paris Agreement’s goal of limiting global warming to 1.5°C, we signed up for the Science-Based Targets initiative (SBTi), committing to achieving net-zero emissions by 2050. In our carbon reduction efforts to protect the planet, we have reduced greenhouse gas emissions by over 7% in Scopes 1 and 2 for two consecutive years. We are also calculating the carbon footprint of four targeted products to identify precise carbon reduction improvements and working with supply chain partners to achieve the goal of reaching net-zero.
An Innovator of Industrial Transformation
Continuous innovation is a crucial concept for sustainable operations. In 2023, HIWIN’s “Intelligent 4.0 Guideway i4.0GW®” won the Silver Award at the 32nd Taiwan Excellence Award. The “Underwater Direct Drive Rotary Table” received the Outstanding Award at the Awards of Robotic System Integration and the Award for Outstanding Sustainability by the British Standards Institute (BSI). Through digital transformation and smart machinery research and development, HIWIN not only empowers key components but also aims to upgrade the entire precision machinery industry and provide advanced manufacturing capabilities.