Climate Change Data

Environmental Metrics

ESG Focus Areas

• Modern Slavery
• Human Trafficking
• Supply Chain Ethics
• Human Rights

Social Achievements

• All Smith+Nephew employees received annual training on the Code of Conduct.
• Expanded due diligence to include all new suppliers prior to onboarding, requiring information on labor standards (employment choice, freedom of association, working conditions, child labor, minimum wage, working hours, discrimination, regular employment, and humane treatment).
• Conducted a gap analysis of ethical and CSR risk management for third-party suppliers.

Governance Achievements

• Implemented a robust whistle-blowing procedure.
• Chief Legal & Compliance Officer reviews the Code and addresses compliance concerns.

Climate Goals & Targets

Environmental Challenges

• Risk of modern slavery and human trafficking in supply chains.

Mitigation Strategies

• Strong vetting process for distributors and agents.
• Enhanced due diligence and controls around vendors, suppliers, and service providers.
• Integration of controls into the company's purchasing system.
• Systematic addressing of identified gaps in ethical and CSR risk management.
• Recruitment of a dedicated Procurement Manager, Corporate Social Responsibility.

Supply Chain Management

Responsible Procurement

• Due diligence with suppliers evaluating modern slavery and human trafficking risk.
• Requirement for suppliers to provide information regarding their labor standards.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UK Modern Slavery Act 2015 Section 54

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Execution and supply chain challenges in Orthopaedics
• Impact of COVID-related lockdowns in China
• Implementation of China VBP program
• Higher input inflation in freight and logistics
• Global shortages of raw materials and components

Mitigation Strategies

• Comprehensive action plan to drive better execution in Orthopaedics, including re-wiring commercial delivery, streamlining portfolio, improving asset utilization, and rebuilding demand planning.
• Investment in manufacturing and supply chain operations (new facilities in Malaysia and UK)
• Close management of raw material and component shortages through spot buying
• Continued investment in R&D and new product launches

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• CORI Surgical System
• WOUND COMPASS Clinical Support App
• LEGION CONCELOC Cementless Total Knee System
• EVOS Plating System

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed