Getinge 2022 Annual Report
Getinge 2022 Annual Report
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
RESPONSIBLE SOURCING AND
SUPPLIER MANAGEMENT
Commitment
Getinge's primary commitment is to deliver value to customers, and
this includes ensuring that suppliers live up to the high standards
required of a supplier to the healthcare industry and to Getinge. The
primary focus is to ensure patient safety and the quality of products
and this focus is also expected of Getinge's suppliers. In the wake of
increasing regulations and demands on acting ethically, reducing
environmental impact and working to minimize risks to people,
Getinge is committed to include the value chain in the company's
sustainability ambitions.
Progress 2022
Based on the commitment and understanding of actual and
future requirements linked to environment, social and governance,
Getinge is working at gradually integrating those expectations into
its processes in a structured way. During 2022 steps have been
taken to identify actual and potential impacts as well as assessing
the significance of these impacts from a Tier 1 supplier perspective.
These steps serve as the foundation for the company's continued
work to manage or mitigate actual impacts. Getinge's goal is to
fully adopt its processes to meet actual and future internal and
external expectations.
Management Approach
The Business Partner Code of Conduct defines Getinge's ethical
principles and requirements that stakeholders are expected to
comply with when doing business with Getinge. The Business
Partner Code of Conduct also applies to suppliers, partners, con-
tractors and subcontractors. Setting clear expectations on ethical
business and responsible leadership is a prerequisite for a sustain-
able and fruitful collaboration. Because responsible leadership is
about daily decisions it is critical that the Business Partner Code
of Conduct is applied in reality, that compliance is monitored and
continuous improvement undertaken. This monitoring is part of the
auditing of suppliers and will be refined going forward.
Managing impact and risk
In many areas within sustainability, Getinge is dependent on
business partners. The potential risks of the supply chain not living
up to legislation or the Getinge Business Partner Code of Conduct
makes it important to collaborate and to spread awareness of the
expectation that Getinge has on its suppliers on ethics, social
aspects including human rights and environmental commitments.
The steps to be taken to mitigate the risks are to perform due
diligence, a process that has been started during 2022.
Getinge's ambition to reach zero carbon emissions by 2050
will depend on working together with suppliers both to reduce
emissions in the medium term and to find innovative solutions for
the future. Without this collaboration the risk is that the climate
target will not be met. Simultaneously, climate may have an impact
on the supply chain such as physical risks that may impact supply
availability. To manage these aspects, the company has started
reaching out to suppliers to understand their carbon journey and
also to ensure that risks are mitigated.
All new suppliers that may have an influence on the safety,
quality or performance of the finished product and/or have an
impact on the manufacturing process or the quality management
system have been screened with focus on applicable certificates,
approvals and compliance (i.e. to RoHS/REACH directives).
In-line with the company's commitment Getinge is continuing
its efforts to continuously develop and to broaden screening to
include all suppliers following a risk-based approach.
The current data set is not yet of adequate quality/completeness
to report on. Getinge has started to survey ESG data from 100 tier
1 suppliers in 2022 and will continue gather full ESG risk profiles for
its most important suppliers in 2023.
Getinge continues to obtain business partner data, identify and
assess negative environmental and social impacts within its supply
chain to enhance reporting in this area.
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