Climate Change Data

Environmental Metrics

ESG Focus Areas

• Business Ethics
• Product Safety
• Supply Chain Management
• Product Design & Lifecycle Management
• Affordability and Pricing

Environmental Achievements

• Continual efforts are made to evaluate longer useful life of product devices and equipment performance and where feasible implement device reprocessing and supplies procedures.
• Lucid Diagnostics carefully selects non-toxic materials for its products and monitors opportunities to minimize product waste.
• PAVmed (parent company) obtained FDA clearance for EsoCheck without the previous sterilization requirement.
• Removal of unnecessary packing materials and paper IFUs in favor of eIFUs.

Social Achievements

• No monetary losses as a result of any domestic or foreign corrupt practices.
• Robust COSO framework in compliance with the Sarbanes Oxley Act.
• Adherence to AdvaMed Code of Ethics.
• No promotion of off-label use.

Governance Achievements

• No monetary losses due to legal proceedings due to false marketing claims.
• Annual audits to ISO 13485:2016.
• Tier 1 suppliers audited every 2 years.

Climate Goals & Targets

Environmental Challenges

• Minimizing negative environmental and human health impacts associated with chemicals in products.
• Maintaining supply chain stability and managing risks associated with critical materials.
• Ensuring traceability within the distribution chain.

Mitigation Strategies

• Periodic assessment of processes to minimize negative environmental and human health impacts.
• Evaluating longer useful life of products, device reprocessing, and minimizing product waste.
• Careful selection of non-toxic materials.
• Seeking new suppliers for dual sourcing and maintaining strong relationships with existing suppliers.
• Requiring traceability from component level to finished goods.

Supply Chain Management

Supplier Audits: Tier 1 suppliers audited every 2 years. All suppliers at Level 1 (critical) for manufacturing and requires ISO certification and/or industry specific accreditations and product quality are audited every 2 years. Suppliers at Level 2 and 3 are assessed per our quality system requirements.

Responsible Procurement

• Requires traceability from the component level to finished good manufacturing.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: ISO 13485:2016