Sustainability reporting and governance

We are transparent about our impact on environment, people and society. For the benefit of all our stakeholders each year, we report on results and performance in the integrated Annual Report. Sustainability governance is an essential part of Mölnlycke corporate governance.

Mölnlycke’s non-financial reporting is based on the Global Reporting Initiative (GRI) principles and relevant standards, as well as the Greenhouse Gas (GHG) Protocol, supported by internally developed guidelines and third party audits of scope 1 and 2 emissions, and energy data. We listen attentively to internal and external stakeholders.

Mölnlycke´s integrated Annual Report 2023 covers the year ending on 31 December 2023. The report has been prepared in accordance with Global Reporting Initiative (GRI) standards, in addition to the Taskforce on Climate related Financial Disclosures (TCFD) framework.

Download our integrated Annual Report 2023

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Sustainability governance structure

Sustainability is integral to Mölnlycke’s business. The Executive Leadership Team (ELT) is responsible for integrating the sustainability roadmap into company strategy and monitoring the performance of each business and function. The Mölnlycke Board oversees the development of the sustainability roadmap, as well as approves the integrated Annual Report and the Sustainability Policy. The ELT formally reviews sustainability issues and associated impacts, risks and opportunities twice a year. In addition, critical concerns can be escalated to the team at any time.

Day-to-day responsibility for managing sustainability in Mölnlycke’s business and operational activities lies with the company’s Corporate Functions and Business Areas, supported by the COO and EVP Sustainability. The Sustainability function supports the Business Areas and Corporate Functions in defining and implementing their sustainability roadmaps. It also raises awareness of sustainability within the entire organisation, with the support of the Sustainability Committee. The governance of the ethical business aspects of our sustainability roadmap to 2030, WeCare, lies with the Business Ethics Compliance team, lead by the Chief Compliance Officer. To strengthen the internal focus and expertise on the topics of human and labour rights a dedicated Human Rights Committee has been formed. Finally, the Diversity, Equity & Inclusion (DEI) Council oversees and advances the development of Mölnlycke’s DEI vision. 

Monitoring progress

Mölnlycke uses key performance indicators to track progress in delivering on the company’s sustainable business objectives and drive continual improvement processes in every function, supported by external benchmarks.

 

Previous annual reports

  • Molnlycke-annual-sustainability-report_2021.pdf

    PDF 6.83 MB
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  • Molnlycke-annual-sustainability-report_2022.pdf

    PDF 8.77 MB
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