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.

The Mölnlycke integrated Annual Report 2024 covers the year ending on 31 December 2024. The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards. Additionally, the report has been structured to align with the Corporate Sustainability Reporting Directive (CSRD) format and requirements, though full compliance has not yet been achieved. Climate-related disclosures have been incorporated in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

The Mölnlycke Annual Report 2024

Download it here

Sustainability governance structure

Sustainability is integral to the Mölnlycke 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 the Mölnlycke 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 Sustainability Committee, composed of senior leaders from key functions and Business Areas, serves as a Mölnlycke decision making forum for "WeCare" the company’s sustainability roadmap. This committee drives a unified, strategic approach to achieving Mölnlycke sustainability goals while fostering cross-functional collaboration, knowledge exchange, and up-to-date sustainability expertise.

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.