Orthofix Medical Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:2118 tCO2e/year
Scope 1 Emissions:871 tCO2e/year
Scope 2 Emissions:1735 tCO2e/year
Scope 3 Emissions:2118 tCO2e/year
Renewable Energy Share:100% at Lewisville, TX location
Water Consumption:3,142,000 gallons/year
Waste Generated:193 tons/year
ESG Focus Areas
- Our People
- Community Involvement
- Environmental Responsibility
- Governance
- Safety and Quality
Environmental Achievements
- Completed an inaugural GHG emissions inventory, primarily focused on Scope 1 and Scope 2 emissions.
- Minimized paper-based shareholder communications by utilizing a notice and access approach for our annual proxy statement.
- Increased usage of e-records and e-signing technology to reduce paper waste and carbon emissions.
- Migration of certain technology infrastructure to a cloud environment, reducing energy usage, and accordingly, our carbon footprint.
- Transitioned our Lewisville, Texas, location to 100% sustainable energy in 2020.
- Offered a free recycling program to patients using Bone Growth Stimulators, recycling over 14,000 devices to date.
Social Achievements
- Launched companywide training titled, “Hiring, Leading, and Fostering Diverse and Inclusive Teams.”
- 3% increase in women hired at the director level or above and a 5% increase in diversity hires over 2021.
- Employees contributed 1,988 hours to community outreach programs benefitting more than 25 organizations.
- Introduced an ESG metric in 2022 that tied a portion of the 2022 annual bonus plan to achieving predetermined safety and quality objectives.
- STIM onTrack™ mobile app recognized as the “Best Patient Engagement Mobile App” by MedTech Breakthrough.
Governance Achievements
- Developed our ESG risk framework and purposefully integrated ESG initiatives into all aspects of our operations.
- Implemented robust cybersecurity programs to ensure compliance with applicable laws and regulations.
- Achieved an OSHA Incident Rate of 0.37 for the 2022 reporting year.
- Zero product recalls issued in 2022.
Climate Goals & Targets
Environmental Challenges
- Managing ESG risks across a newly merged company.
- Supply chain challenges (implied).
Mitigation Strategies
- Bolstered ESG Working Group to include employees from the recent merger with SeaSpine.
- Engaged with internal and external stakeholders on ESG topics to help further inform our future direction and priorities.
- Continued to engage with suppliers throughout our global value chain to measure and manage environmental and social impacts.
Supply Chain Management
Responsible Procurement
- Expect suppliers to support efforts in improving the environment and animal welfare.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB
Sustainable Products & Innovation
- Single-use sterile packed instrumentation (in development)
Awards & Recognition
- STIM onTrack™ mobile app recognized as the “Best Patient Engagement Mobile App” by MedTech Breakthrough