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