Sustainability
Sustainability is a strategic priority at Mölnlycke and WeCare is our Sustainability roadmap for 2030. It means creating shared value for all our stakeholders. It is a driver for growth, innovation and productivity and an essential part of our employee value proposition.
Our ambition is to transform our business to become a global leader in sustainable healthcare1.
The WeCare roadmap is developed to create positive impact on the environment, people and economy. Through a materiality assessment, conducted to identify the most significant issues that represent sources of risk and opportunities for us and our stakeholders, we identified our three focus areas:
- Green mindset
- Responsible relationships
- Ethical business
For each of them, we have set ambitious long-term goals to achieve our sustainability targets. Watch the film below to find out more about our sustainability roadmap.
As a leader in sustainable healthcare, we believe that it’s our responsibility to equip customers with innovative healthcare products in a way that’s sustainable – for our business, our employees, our communities and the planet.
Zlatko Rihter, CEO
Our sustainability work takes into account the nature of our business, as well as relevant international conventions, such as the United Nations Framework Convention on Climate Change (UNFCCC), the Paris Agreement and the ten principles of the UN Global Compact, the UN Sustainable Development Goal 13 on climate action, as well as the recommendations from the Task Force on Climate-related Financial Disclosure and the views of our stakeholders.
Green mindset
At Mölnlycke, we fully support the objectives of the UN’s Paris Agreement on climate change and our commitment is to reach Net Zero by 2050 at the latest, decoupling material use from our growth.
Responsible relationships
As a healthcare business, maintaining strong, mutually-beneficial relationships with all our stakeholders has always been paramount. We care for our customers, patients, and our employees as individuals, our suppliers’ employees – and societal development in general.
Ethical business
We expect all our employees to live up to the commitment to compliant and ethical business. Our ambition is to continuously improve the compliance framework supported by an embedded integrity mindset throughout the organisation.
Being transparent
Sustainability reporting centre
We are transparent about our impact on environment, people and society. Each year, we report on results and performance in our integrated Annual and Sustainability report.
The preparation of the report has been guided by Global Reporting Initiative (GRI) Standards and Mölnlycke will continue working to align its reporting with the GRI Standards and to the guidelines from the Task Force on Climate-related Financial Disclosures (TCFD).
Read Mölnlycke integrated Annual & Sustainability Report 2021
Governance
A robust framework of codes, policies and procedures ensures ethical behaviours throughout our business, in accordance with our strategy. The policies and procedures are defined and owned by the relevant functions, and approved by the Compliance Committee, the Executive Leadership Team and the board.
In 2022 we were awarded a silver medal for Sustainability by EcoVadis, which places Mölnlycke in the top 25% of companies rated by EcoVadis. EcoVadis is a leading solution provider for monitoring sustainability in global supply chains.
Towards a common goal
At Mölnlycke, we support and commit to reputable international initiatives, as climate change is our common challenge. We believe that collaboration is the most effective way to achieve results.
Read moreSustainability news
1 By sustainable healthcare we mean a system based on sound environmental, social, and economic approaches that eliminates negative social, environmental, and economic impacts.
