ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG)

At Sarnova, ESG embodies our commitment to the well-being of our employees, supply chain partners and the communities where we operate. It also encompasses our environmental stewardship and how we integrate these considerations to guide our sustainable business practices into the future.

ESG serves as a strategic framework for tackling a wide range of issues, including corporate ethics and governance, workplace culture and reducing our carbon footprint. By aligning our ESG approach with evolving regulatory requirements and our business goals, we position ourselves as the partner of choice for customers and suppliers.

Our ESG Priorities

Sarnova established its first sustainability program in 2020 and was premised on the ten U.N. Global Compact principles revolving around human rights, labor, environment and anti-corruption.

Over the course of the past few years, Sarnova has refined its approach to sustainability and has developed a structure based on the following four areas:

Corporate Governance
& Ethics

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Environment

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Sustainable Supply
Chain

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Employees &
Community

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These four areas serve as the foundation of Sarnova’s ESG commitment, driving comprehensive initiatives that reflect our dedication to ethical business conduct, environmental stewardship, ensuring a responsible supply chain and the well-being of our employees and communities. By continuously refining our sustainability strategy and aligning with global standards, we aim to create lasting value for all our stakeholders while ensuring our business practices contribute positively to society and the planet.

Corporate Governance
& Ethics

Initiatives focused on corporate governance and ethics ensure accountability, transparency and ethical decision-making, which build investor and stakeholder trust. Additionally, strong governance and ethical practices help mitigate risks and enhance long-term sustainability.

• Corporate Policies
• Employee Education & Training
• Compliance Audits
• Enterprise Risk Assessment
• Data Privacy and Cybersecurity
• Whistleblower Hotline
  

Environment

Initiatives focused on the environment are essential to help reduce the company’s ecological footprint, ensuring sustainable resource use and compliance with environmental regulations. These initiatives also enhance the company’s resilience to climate-related risks and improve its reputation among customers and partners who prioritize environmental responsibility.

• Scope 1 and Scope 2 GHG Reduction Targets
• Waste Management & Recycling
• Targets to Decarbonize the Supply Chain
• Refurbishing and Recycling of Products
• Freight Management
  

Sustainable
Supply Chain

Initiatives focused on a sustainable supply chain are important because they ensure ethical sourcing, issue resolutions and promote fair labor practices throughout the supply chain. This reduces operational risks and aligns with customer and partner expectations for responsible business practices.

• Safety and Quality of Products
• ISO 13485:2016
• Enhanced Supplier Due Diligence
• Supplier Monitoring and Audits
  

Employees &
Community

Initiatives focused on employees and the community are vital because they foster a supportive and inclusive workplace, enhancing employee well-being, productivity and retention. Additionally, these initiatives strengthen community relations and contribute to social wellbeing.

• Employee Engagement
• Hybrid Work Schedule
• Wages and Benefits
• Workplace Health and Safety
• DEI and Employee Resources Groups
• Charitable Donations and Volunteer Hours
  

Diversity, Equity & Inclusion (DEI)

Sarnova’s mission, to be the best partner to those who save and improve patients’ lives, is bigger than any one of us. It takes all of us, a truly diverse and inclusive workforce where all employees feel valued and empowered to fully engage in their work every day, to achieve our goals.

We believe that having a diverse team of employees of all races, backgrounds, ethnicities and abilities leads to a diversity of perspectives, and ultimately results in the best outcomes. More than just being the right thing to do, a supported effort to enhance diversity, equity and inclusion (DEI) within our organization makes a positive impact on our employees, our stakeholders and the long-term profitable growth of Sarnova.

Employee Resource Groups (ERGs)

There are many opportunities for Sarnova employees to learn, embrace and celebrate our diversity through events sponsored by our ERGs. ERGs are employee-run groups that help foster a supportive environment, enhance company culture around DEI and build a bridge between Sarnova and the communities we serve.

DEI Annual Report

In 2023, we made significant progress towards our DEI goals, successfully attracting and retaining a diverse range of talent at all levels of the organization. Our employee population now meets or surpasses industry-specific DEI benchmarks, reflecting our commitment to fostering a truly inclusive workplace.

Our employee-led ERGs (Employee Resource Groups) played a crucial role in this achievement, offering opportunities for training, education and charitable initiatives. These efforts have cultivated an environment that values and promotes inclusion, underscoring our dedication to creating a workplace where every employee can thrive.

FY23 DEI Annual Report