Sustainability
A message from
ARTEREX
Dear Stakeholders,
It is with great pride and responsibility that I present to you ARTEREX’s Sustainability Report for 2023. This document represents our steadfast commitment to integrating these principles into every facet of our operations and underscores our dedication to creating a positive impact on the environment and society.
At ARTEREX, sustainability is not just a catchword; it is a pillar of our business strategy. We believe that by embracing sustainable practices, we not only safeguard our planet for future generations but also enhance the resilience and longevity of our business.
In the past year, we have achieved significant milestones on our sustainability journey:
1. Social Responsibility: Our commitment to social responsibility is deeply ingrained in everything we do. We prioritize initiatives that benefit our community and environment, striving to create a positive impact through ethical practices and meaningful partnerships. By fostering inclusivity, sustainability, and integrity, we aim to contribute to a better future for all.
2. Governance and Ethics: Upholding the highest standards of governance and ethics is non-negotiable for us. We continue to enhance transparency and accountability across our operations to build trust with our stakeholders.
Looking ahead, we recognize that sustainability is a journey, not a destination. We remain dedicated to pushing the boundaries of what is possible, seeking innovative solutions, and collaborating with partners who share our vision for a sustainable future.
I would like to extend my sincere gratitude to our employees, customers, shareholders, and partners who have contributed to our journey. Your support and commitment inspire us to continue raising the bar. Together, we have the power to drive positive change. Let us continue our journey towards a more sustainable and prosperous future.
- Jeff Goble, President & CEO
“Driving ESG excellence isn’t just about meeting standards; it’s about setting the standard.
Sustainability isn’t an option— it’s our obligation to future generations and the cornerstone of our enduring success.”
- Holly MacTaggart
Vice President, Human Resources & ESG
Our Strategic Vision
At ARTEREX, sustainability is at the heart of our strategic vision. We are committed to integrating responsible practices, addressing environmental challenges, and promoting social responsibility within the healthcare technology sector.
Our first materiality assessment, which we conducted in 2023, has identified key sustainability issues relevant to our stakeholders and
business. The insights gained have shaped our sustainability strategy, objectives, and targets for the coming years, which our Board has fully endorsed. This demonstrates our top-level commitment to sustainability.
Our Sustainability Pillars
Our sustainability efforts are built on three key pillars: Corporate Responsibility, People, and Environment. Each pillar includes specific areas of focus that are critical to our mission of sustainable development.
These pillars guide our sustainability initiatives and help us address the most pressing challenges facing our industry and society. By focusing on these areas, we aim to create positive impacts and drive meaningful change for a sustainable future. Our immediate focus is on finalizing and implementing our 2024-2025 sustainability objectives. Our vision is to create long-term value by fostering a responsible and resilient healthcare technology ecosystem.
CORPORATE RESPONSIBILITY
Through transparent accountability & innovative solutions, we strive to create long-term value for our stakeholders while driving meaningful progress towards a more sustainable & equitable future.
Healthcare Access & Affordability:
Ensuring our products and services are accessible and affordable to a broader population.
Product Safety & Quality:
Maintaining the highest standards of safety and quality in all our offerings.
Product Development & Innovation:
Driving innovation to develop cutting-edge healthcare technologies.
Cybersecurity:
Protecting sensitive data and ensuring the security of our systems.
Ethics, Anti- Corruption & Compliance:
Upholding the highest ethical standards and ensuring regulatory compliance.
PEOPLE
Offer the best labor conditions to attract & retain the best workers.
Supply Chain Management & Labor Standards:
Promoting responsible and ethical practices
across our supply chain.
Employee Engagement & Well-being:
Creating a supportive and healthy work environment for our employees.
Diversity & Inclusion:
Advancing diversity and inclusion within our workforce.
ENVIRONMENT
Achieving sustainable manufacturing through best-in-class science & engineering
GHG Emissions
Measuring our greenhouse gas emissions, learning from those baseline findings, and working to minimize our environmental footprint.
Environmental Stewardship
The Vital Role of Sustainability in Healthcare
The impact of medical manufacturing and products on sustainability is substantial, making the work of companies like ARTEREX critical to the industry and the global footprint as a whole. The healthcare sector is responsible for nearly 4.6% of global greenhouse gas emissions, with medical manufacturing playing a contributing role to this figure. By focusing on sustainable practices, ARTEREX can help reduce energy consumption, waste, and emissions associated with the production and use of medical devices and technologies. This not only improves environmental outcomes but also sets a standard for innovation and responsibility in the industry .
Incorporating sustainability into our operations means adopting energy-efficient manufacturing processes, reducing the use of harmful materials, and improving product lifecycle management. These efforts are essential to decreasing the healthcare sector’s overall carbon footprint and promoting a healthier planet. Through our commitment to sustainability, we aim to lead by example, demonstrating how advanced medical technology can coexist with environmental stewardship.
Commitment to Achieving SDG Targets by 2030
Our Company is dedicated to contributing meaningfully to the global effort in achieving Sustainable Development Goals (SDGs), particularly focusing on SDGs 3 (Good Health and Well-being), 5 (Gender Equality), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), and 12 (Responsible Consumption and Production).
These goals align closely with our values and strategic objectives, and we are committed to taking concrete actions to make a positive impact by 2030.
By integrating these commitments into our daily operations and long-term strategy, we aim to contribute towards the achievement of SDG targets by 2030. We recognize the importance of collaboration with stakeholders, including employees, customers, suppliers, and local communities, to create lasting positive change and build a sustainable future for all.
By integrating these commitments into our daily operations and long-term strategy, we aim to contribute towards the achievement of SDG targets by 2030. We recognize the importance of collaboration with stakeholders, including employees, customers, suppliers, and local communities, to create lasting positive change and build a sustainable future for all.
SUSTAINABILITY
REPORT
“Driving sustainability excellence isn’t just about meeting standards; it’s about setting the standard.
Sustainability isn’t an option— it’s our obligation to future generations and the cornerstone of our enduring success.”
- Holly MacTaggart
Vice President, Human Resources & Sustainability