Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Replaced diesel fleet with lower emission cars
• Installed modern air conditioning units
• Switched to electrical energy
• Optimised site heating controls
• Replaced old lighting with LED
• Ensured zero landfill waste

Social Achievements

• Implemented a 4-day work week initiative
• Offered flexible working patterns
• Established employee-led committees
• Improved safety culture by engaging an Occupational Hygienist and improving EHS statutory maintenance

Governance Achievements

• Carried out a full legal review of compliance regarding H&S
• Invested in a risk management platform
• Established EHS legal registers and improved reporting protocols
• Maintained medical device QMS and product approvals globally

Climate Goals & Targets

Environmental Challenges

• Shortage of skilled labour
• Supply chain disruptions
• Customer concentration
• Foreign exchange risk
• Regulatory approval (MDR)
• Economic factors (inflation)

Mitigation Strategies

• Reviewed compensation and benefits, implemented 4-day work week
• Maintained higher inventory levels
• Closely monitored credit levels and cash collection
• Monitored currency exposures, used forward currency arrangements
• Increased resource in regulatory team, proactive MDR transition
• Reviewed market rates and compensated employees accordingly, reviewed raw material purchases and energy tariffs

Supply Chain Management

Responsible Procurement

• Regular engagement with suppliers to discuss performance, price, and supply chain improvements

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Resposable™ concept (part reusable, part disposable)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Carbon Net Zero
• Employee Engagement
• Corporate Governance

Environmental Achievements

• Achieved full compliance with EU Medical Device Regulation (MDR) and UKCA mark.
• Replaced diesel fleet with lower emission cars.
• Replaced old lighting with LED.
• Ensured zero waste to landfill.

Social Achievements

• Introduced a 9-day working fortnight initiative.
• Implemented flexible working patterns.
• Established employee-led committees.
• Introduced a range of benefits to support health & wellbeing.
• Improved safety culture by engaging an Occupational Hygienist and improving EHS statutory maintenance.

Governance Achievements

• Maintained full legal reviews of compliance regarding H&S.
• Maintained a risk management platform for chemical and machinery assessments.
• Maintained EHS legal registers and improved reporting protocols and methodologies.
• Maintained medical device QMS approvals globally.
• Maintained Medical Device product approvals globally.
• Maintained commitment to modern slavery policy.
• Maintained robust data governance & compliance.

Climate Goals & Targets

Environmental Challenges

• Supply chain costs and disruptions leading to backorders.
• Industrial action within the NHS.
• Challenges in the US market (sales decline).
• Operational challenges affecting margins and efficiencies.
• Inflationary pressures on components.
• Extended lead times.
• Regulatory requirements.
• Shortage of skilled labour (early 2022).

Mitigation Strategies

• Improved operational efficiencies.
• Rollback of four-day workweek.
• Reduction of inventory levels.
• Overhead restructuring.
• Introduction of automation.
• New initiatives to enhance route to market in the US.
• Sales training and co-travelling to drive sustainability messages.
• Exploration of new routes to market for the scissor business.
• Development of new pricing strategies.
• Project to mitigate supply chain risks (commenced in Q4 2023).
• Investment in key personnel to enhance supplier relations.
• Implemented a restructuring programme leading to a reduction in headcount of approximately 11%.

Supply Chain Management

Responsible Procurement

• Regular engagement with suppliers to discuss performance, price, and supply chain improvements.

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Resposable™ technology (part reusable, part disposable).