Orchid Orthopedic Solutions
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Health and Safety
- Employee Development
- Customer Service
- Community Engagement
- Environmental Sustainability
- Governance
Environmental Achievements
- Started disclosing annually to the Carbon Disclosure Project (CDP)
Social Achievements
- Launched Impact Academy, an employee engagement program
- Launched Women in Manufacturing Employee Resource Group (ERG)
- Improved onboarding process, resulting in a 10% reduction in turnover and a 25% increase in productivity at the Bridgeport facility
- Various community engagement initiatives resulting in donations and volunteer work
Governance Achievements
- Maintained processes for managing bribery and corruption, and human rights risks
- Maintained Ethics Point service for reporting
- Cybersecurity strategy in place
Climate Goals & Targets
Environmental Challenges
- High turnover in the manufacturing industry
- Understanding and limiting environmental impact
Mitigation Strategies
- Building resilient learning and training programs to decrease turnover and increase productivity
- Annual reporting to CDP to better understand carbon footprint
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CDP