Invacare Corporation
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Diversity, Equity & Inclusion
- Environmental Sustainability
- Ethical and Socially Conscious Supply Chain
Environmental Achievements
- Launched product line replacing plastic with ‘green’ materials
- Developing new respiratory product with recyclable materials and minimal mixed materials
- Implemented lithium sieve recycling program to reduce solid waste
- Moved to new eco-friendly German manufacturing site
- Renewable energy credits for Ohio campus utilities
- Implemented waste minimization policy to reduce consumption and lower landfill use
Social Achievements
- Expanded board diversity; gender recognition in 2020
- Long-time supporter: Paralyzed Veterans of America (PVA) Games; Wounded Warriors; Invictus Games; Special Olympics; Junior Achievement, United Way and Easter Seals
Governance Achievements
- Developing new framework for ESG/DEI reporting
- Aligning to certify to ISO 14001 in key European operations
- Augmenting global team for coordinating and prioritizing E&S reporting and investments
Climate Goals & Targets
Environmental Challenges
- Global supply chain challenges impacting respiratory product demand
- Limited access to customers and end users due to the pandemic impacting mobility & seating sales
- Lower sales of mobility & seating and lifestyle products
Mitigation Strategies
- Outsourcing of IT infrastructure and deployment of modernized IT system
- German plant consolidation for anticipated $5 million of annual cost savings in 2021
- Accessing global government programs to bolster short-term liquidity
- Creative ways to engage with customers virtually
Supply Chain Management
Responsible Procurement
- Promote ethical and socially conscious supply chain through Supplier Code of Conduct
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Product line replacing plastic with ‘green’ materials
- New respiratory product with recyclable materials and minimal mixed materials