Better Health for All

Advanced Energy's core products are precision power conversion, measurement, and control solutions, which are enabling technologies used across various industries, including medical.

While the company manufactures medically certified and FDA-approved power supplies for critical applications like electrosurgery, patient monitoring, and dialysis equipment, there is no specific data on the percentage of its product portfolio or revenue dedicated to health-specific outcomes, nor a direct quantification of the net health effect of these components. Therefore, the health impact of its principal goods and services is considered neutral. The company has a robust data privacy program that complies with GDPR, CCPA, and CPA, and performs cybersecurity training and phishing simulations for staff. Advanced Energy allocates a Research & Development budget to drive innovation in power solutions, but no specific percentage for health-related outcomes is provided. The company's operations generate positive environmental externalities through increased power conversion efficiency, reducing customers' power consumption and carbon emissions. Advanced Energy provides competitive compensation and benefits, including a 401(k) plan for almost 90% of full-time U.S. employees, and offers financial support for college and graduate education. In 2023, a global EHS culture campaign called Golden Behaviors was implemented, and third-party EHS compliance audits were undertaken at 11 locations globally. The company's power supplies enabled flow cytometry in COVID-19 research. Advanced Energy provides financial support for college and graduate education and partners with academic institutions for training and mentoring.

Fair Money & Economic Opportunity

Advanced Energy Industries, Inc. is a manufacturer of power conversion, measurement, and control solutions.

Its core business does not involve providing financial services, lending, or deposit products to consumers. Consequently, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth-building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its operations.

Fair Pay & Worker Respect

Advanced Energy Industries, Inc. reported a CEO to median employee pay ratio of 980:1 in 2024.

The company's Total Recordable Incident Rate (TRIR) was 0.17 in 2023, significantly outperforming the 2021 North American industry benchmark of 1.5. There are no mentions of regulatory actions, violations, fines, or compliance issues. In 2023, almost 90% of full-time U.S. employees participated in the 401(k) plan, and defined benefit pension plans are maintained for employees in the U.K., Germany, and the Philippines. The company also offered a discounted employee stock purchase plan and provided scholarships to 19 children of employees globally in 2023. Additionally, 435 employees participated in a leadership development program in 2023.

Honest & Fair Business

The company has not mentioned any specific regulatory actions, violations, fines, or compliance issues.

An international Ethics hotline and web portal are established, permitting anonymous reporting where allowed by local law, and multiple country-specific hotline numbers are provided. Advanced Energy's board of directors consists of 90% independent members. The company has an anti-bribery and corruption policy, provides training to employees on ethical business practices, and requires compliance with the Responsible Business Alliance (RBA) Code of Conduct, which addresses ethics. It also has an anonymous reporting system for supply chain members and requires compliance with its Supplier Code of Conduct.

No War, No Weapons

Advanced Energy conducts due diligence of direct suppliers following the OECD Due Diligence Guidance for Responsible Supply Chains.

The company performs a risk assessment to identify high-risk suppliers and urges them to eliminate non-conformant smelters. For the 2022 calendar year, the supplier response rate for conflict minerals reporting was 88%, and 71% of identified smelters or refiners (SORs) were Responsible Minerals Assurance Process (RMAP) conformant. The company's Conflict Minerals Policy states its intent to avoid knowingly procuring materials containing 3TGs (tin, tungsten, tantalum, and gold) that originate in Covered Countries and are not certified as conflict-free. The Code of Ethical Conduct includes principles for anti-slavery and anti-fraud. Annual training is provided for Purchasing, Commodity Management, and Supplier Quality personnel on modern slavery and human trafficking. The company voluntarily adopted the Responsible Business Alliance (RBA) Code of Conduct at selected manufacturing facilities, which references international frameworks including the Universal Declaration of Human Rights and OECD Guidelines. The company supports the humanitarian goal of ending violent conflict in the Democratic Republic of the Congo (DRC) and surrounding areas.

Planet-Friendly Business

The company achieved a waste diversion rate of 93% across its global manufacturing sites in 2023.

It tracks Scope 1 and 2 GHG emissions at key manufacturing sites, reporting 1,669 mtCO2e for Scope 1 and 37,971 mtCO2e for Scope 2 in 2023, and publicly reports these through the CDP. Key manufacturing facilities have Environmental and Occupational Health & Safety Management Systems certified to ISO 14001:2015 and ISO 45001:2018. The company is committed to complying with environmental laws and regulations, including RoHS and REACH, and requires its suppliers to adhere to its Restricted Materials and Environmental Compliance Requirements Manual (RM0042), verifying compliance through certification and audits.

Safe & Smart Tech

Advanced Energy provides cybersecurity training for all staff during onboarding and annually, conducts regular phishing simulations, and distributes monthly security newsletters to increase awareness.

The company states it retains personal information only as long as necessary to fulfill collected purposes, including legal, accounting, or reporting requirements, to resolve disputes, and enforce policies. Advanced Energy complies with major privacy regulations including GDPR, CCPA, and CPA, and has internal and external privacy policies. However, user data control options are limited, requiring users to email the data privacy office to prevent sharing information with subsidiaries and affiliates, and while California and EU/UK residents have basic rights, the overall control is not comprehensive.

Zero Waste & Sustainable Products

The company achieved a 93% waste diversion rate at its global manufacturing sites in 2023.

It actively manages and minimizes hazardous waste, with 346 metric tons diverted out of 426 metric tons generated in 2023, and 80 metric tons sent to landfill or incineration. Third-party EHS compliance audits were conducted at 11 global locations in 2023. The company has a Restricted Materials and Environmental Compliance Requirements Manual (RM0042) for suppliers, with compliance verified through supplier certification and Advanced Energy audits.