Getinge 2022 Annual Report
Getinge 2022 Annual Report
Introduction
Strategy
Corporate Governance
Annual Report
Sustainability Report
Other information
Contents
EU Taxonomy
The taxonomy focuses on the sectors that typically have the
greatest impact on the environment and for 2022 there are
reporting requirements still only for the first two environmental
objectives: climate change mitigation and climate change
adaptation. Getinge operates in a sector that is only related to the
first two environmental objectives to a very minor extent, since
manufacturing of medical devices has a significantly lower climate
impact than the sectors and activities that are primarily affected
by these environmental objectives.
To identify taxonomy-eligible activities, Getinge's working group,
appointed in 2021, continued its efforts during the year, which,
supported by external expertise, analyzed the company's economic
activities and investments and assessed them against the Taxonomy
Regulation and its delegated acts. Based on this analysis, it was
concluded that Getinge's primary activities in the form of manu-
facturing medical devices are not eligible as economic activities as
defined in the taxonomy for the first two environmental objectives
that came into force and apply for the 2022 fiscal year. Despite this,
Getinge is very active in its work on sustainability issues and has
the target of being CO2 neutral in its own operations, linked to
production, by the end of 2025. Getinge has also set the target of
having net-zero emissions throughout the entire value chain by
2050. These efforts include investments in energy efficiency
equipment related to buildings and investments in electric cars
and, according to assessments, some of these activities are
considered to be defined under the taxonomy. Current amounts
for the activities in question and the applied reporting policies
are presented below. Last year's report was based on information
known as per January 2022, whereas the reporting for 2022 has
been updated after clarifications were made to the taxonomy
regulations.
A reporting requirement on alignment with the taxonomy was
added for 2022 compared with 2021. Regarding the activities to be
reported under capital expenditure (CapEx) in the table below, we
have either concluded that these activities are not taxonomy-
aligned or were unable to determine whether these requirements
could be met, since it was not possible to obtain this information
from the relevant suppliers.
The EU taxonomy also stipulates certain requirements related
to minimum safeguards in four specific areas. Getinge's position
as per the end of 2022 is that the Group essentially meets these
requirements. However, Getinge has additional processes to
ensure before all of these objectives are fulfilled. This primarily
involves supplier due diligence. Work is being carried out to
cover this identified gap.
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