Sustainable Impact
As a leading manufacturer of motion control and system technology, HIWIN is dedicated to improving the quality of life and work environment for society. We uphold a spirit of technological innovation and continuous improvement, providing our customers with top-quality products and services. Additionally, we strive to create long-term value for stakeholders and fulfill our commitment to sustainable impact on society.
Since 2022, HIWIN has implemented a sustainable impact assessment method once in two years that incorporates the Triple Bottom Line (TBL) management approach. This approach considers the economic, environmental, and social aspects from a Profit & Loss perspective. By evaluating the positive (benefit) and negative (cost) impacts of various value chain activities on social welfare and translating them into a consistent monetary language, we can effectively manage the risks and opportunities associated with our business processes.
The analysis reveals that in 2022, HIWIN contributed a total of US$472.2 million to stakeholders. This contribution encompasses operating net profit, tax payments, dividend distributions, employee remuneration, depreciation, and amortization, among others. These activities not only generated added value income for stakeholders but also fostered economic growth in society. However, the production process resulted in an environmental cost of US$9.4 million due to the environmental footprint and resource consumption. Furthermore, occupational accidents consumed medical resources and posed health risks, resulting in social costs of US$0.91 million. In the upstream supply chain, HIWIN’s procurement demands drove a total output value of US$814.2 million and provided US$27.68 million in wages to workers. Nevertheless, the supply process also incurred US$13.03 million in environmental costs. Regarding downstream product applications, we prioritize the analysis of our Intelligent ballscrew (BS) and Crossed Roller Bearing (CRB) product series. The sales process generated a total output value of US$3.26 million for customer industries. Additionally, the energy-saving and automation innovative designs of these products allowed us to avoid carbon emissions and occupational accidents, resulting in a positive contribution of US$2.41 million.
Moving forward, we will expand the assessment of the influence of product innovation design and applications. We will also strengthen sustainable supply chain management and implement more efficient production methods to reduce the environmental impacts of the value chain and enhance social well-being. By doing so, we aim to create even more significant positive outcomes for our stakeholders.