Climate Change Data

Haemonetics Corporation

Climate Impact & Sustainability Data (2020, 2021-04-04 to 2022-04-02)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Conflict Minerals

Governance Achievements

  • Implemented a due diligence process conforming to the OECD Guidance, engaging with Tier 1 suppliers using the EICC-GeSI template to collect information on conflict minerals sourcing.

Climate Goals & Targets

Environmental Challenges

  • Determining the smelters and refiners through which certain conflict minerals were processed.
  • Determining the countries of origin and specific mines of certain conflict minerals.
  • Low supplier response rate for RCOI and due diligence processes.
Mitigation Strategies
  • Continued assessment of conflict minerals in the supply chain.
  • Employee and supplier education on Conflict Minerals Policy.
  • Increased efforts to improve the response rate for RCOI and due diligence processes.
  • Comparison of supplier survey results with independent conflict-free smelter validation programs.

Supply Chain Management

Responsible Procurement
  • Engaging with Tier 1 suppliers to collect information regarding the presence and sourcing of conflict minerals.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas

Reporting Period: 2021-04-04 to 2022-04-02

Environmental Metrics

Total Carbon Emissions:25,249 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:5,702 tCO2e/year
Scope 2 Emissions:19,362 tCO2e/year
Total Energy Consumption:65,443 MWh/year

ESG Focus Areas

  • Corporate Governance and Ethics
  • Investing in People
  • Driving Social Impact
  • Reducing Environmental Impact

Environmental Achievements

  • 19% reduction in Scope 1 and 2 GHG emissions in fiscal 2022 compared to fiscal 2018 baseline
  • 7,813 reduction in MWh of energy in fiscal 2022 compared to fiscal 2018 baseline
  • Approximately 28.7 metric tons of device and component waste diverted from landfills in fiscal 2022 through refurbished device and parts programs

Social Achievements

  • 97% global employee participation in fiscal 2022 employee engagement survey
  • Introduction of new company-sponsored Colleague Resource Groups
  • Development of diversity, equity and inclusion programs and practices
  • Expanded benefits to include hybrid work model, enhanced critical healthcare services access, flexible time-off policy, and employee assistance program

Governance Achievements

  • Active shareholder engagement (outreach to over 52% of shares outstanding)
  • Annual say on pay advisory vote with over 94% approval
  • Implementation of a robust performance management review process
  • Annual Code of Conduct training for 98% of global employees

Climate Goals & Targets

Medium-term Goals:
  • Assess Scope 3 emissions in 2023
  • ISO 14001:2015 certification at Malaysia manufacturing plant in 2023; all major manufacturing sites by fiscal 2026
Short-term Goals:
  • Define long-range goals to further reduce Scope 1 and 2 carbon emissions in 2023

Environmental Challenges

  • Climate change risks to operations and supply chain (increased energy and transportation costs, reduced material availability, potential for natural disasters)
  • Competition for key personnel
Mitigation Strategies
  • Business continuity plans to address supply chain interruptions and site-level disruptions
  • Resilient global manufacturing and supply chain operations (multiple distribution centers, multi-source arrangements, localization of supply and distribution)
  • Continuous talent development, training, and succession planning; competitive compensation and flexible benefits offerings

Supply Chain Management

Supplier Audits: 100% of highest priority suppliers annually; approximately one-third of direct supplier base annually

Responsible Procurement
  • Expectations for Suppliers statement reinforcing ethical practices, quality, environmental protection, health and safety, and social responsibility

Climate-Related Risks & Opportunities

Physical Risks
  • Natural disasters
Transition Risks
  • Increased energy and transportation costs; reduced material availability; regulatory changes

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 13485, ISO 27001

Sustainable Products & Innovation

  • Refurbished devices and spare parts