Sustainability (ESG)

CELOX Medical is committed to integrating environmental, social, and governance (ESG) factors into our business operations and decision-making processes, in order to make a positive difference in these areas, and we aim to ensure that continued efforts are made to achieve that.

CELOX Medical listens to the views of our employees, our stakeholders, our suppliers and the wider business community, continuously reviewing and improving where possible and to use innovation to further support our ESG efforts.

To continuously improve our position as a sustainable, socially caring and governance compliant organisation, CELOX Medical has set the following ESG objectives:

Environmental:

• Minimise our environmental footprint through the efficient use of resources, waste reduction, and sustainable procurement practices.
• Actively monitor and reduce greenhouse gas emissions to achieve year on year reductions that align with climate science limit global warming to 1.5 degrees C. These include our 2030 target which is Science Based Target initiative (SBTi) approved:
  Reduce absolute Scope 1 and Scope 2 emissions 42% by 2030 from 2021 base year, and to measure and reduce Scope 3 emissions
  Promote the use of renewable energy sources and implement energy-efficient technologies.
• Contribute to preserving biodiversity and protecting ecosystems.

Social:

• Ensure fair and equitable treatment of all employees and stakeholders.
• Foster diversity, inclusion, and equal opportunities.
• Promote health, safety, and well-being in the workplace.
• Engage in community development and support local initiatives.

Governance:

• Maintain high ethical standards and promote transparency and accountability.
• Robust risk management and compliance processes maintained.
• Maintain compliance with applicable legislative requirements.
• Encourage stakeholder engagement and open dialogue on ESG issues.

CELOX Medical supports the Sustainable Development Goals (SDGs) developed by United Nations, as they provide a clear compass for sustainable business growth and development. We continue to develop business opportunities in alignment with the SDGs and focus on the following goals below:

• SDG 3 (Good Health and Well-being): Promote the health and well-being of our employees through comprehensive wellness programs and a safe working environment.
• SDG 5 (Gender Equality): Champion gender equality and empower all women and girls by promoting diversity and inclusion in our workforce.
• SDG 8 (Decent Work and Economic Growth): Create decent job opportunities, foster innovation, and support economic growth through responsible and sustainable business practices.
• SDG 12 (Responsible Consumption and Production): Promote sustainable consumption and production by implementing circular economy principles and waste reduction strategies.
• SDG 13 (Climate Action): Actively reduce our greenhouse gas emissions and implement climate change adaptation and mitigation measures.

By integrating ESG principles into our business operations and aligning our actions with the UN SDGs, CELOX Medical  is committed to positively impacting the world and creating long-term value for our stakeholders, employees, customers, and the communities we serve.

SUSTAINABLE PROCUREMENT

CELOX Medical recognises its role is to protect communities and the environment now and for the future. We are therefore committed to understanding and managing the environmental, economic and social impacts of our operations through the delivery of sustainable solutions.
Our Sustainable Procurement Policy seeks to embed the consideration of social, environmental and economic impacts as factors in decisions made by staff and our partners.
CELOX Medical will strive to:
• Encourage and engage suppliers to develop a proactive approach to sustainability issues and deliver sustainable solutions
• Work in partnership and support our suppliers to continually improve our collective sustainability performance
• Identify and review the sustainability risks and impacts of the products and services we procure
• Embed sustainability within tender documents by ensuring these are a proportionate part of the assessment criteria for significant impact procurements
• Develop processes that enable local and regional businesses, small and medium sized enterprises to be part of our supply chain
• Undertake training and develop practical tools to increase knowledge and understanding
• Be ethical in our business practices in dealing with our supply chain
• Consider and evaluate whole-life costs prior to purchase where appropriate look to minimise the use of energy and natural resources and maximise the use of renewable energy sources
• Look to minimise the use of energy and natural resources and maximise the use of renewable energy sources
• Use and dispose of goods in an environmentally responsible way, including considering reducing, substituting, reusing and recycling as sustainable options
• Work with our suppliers to achieve zero safety incidents on all the projects that we deliver
We recognise that improving our procurement performance is an ongoing process and that our suppliers are important partners in our aim to become more sustainable. We expect our suppliers to work collaboratively and be supportive of our approach to continually improve performance, through the selection of sustainable products and solutions, innovative thinking, and the employment of best practice to meet our objectives and targets.