Sustainability and Corporate Social Responsibility at Smith & Nephew
Our sustainability strategy is built on our purpose - Life Unlimited, our business strategy and our culture pillars of Care, Collaboration and Courage.
It is designed to help us grow together; not just as a Company, but as a global team, and to do so in an efficient and effective way.
Our sustainability strategy is supported by three strategic pillars that define our priorities: People, Planet and Product.
People
Creating a lasting positive impact on our employees and communities.
Our objectives:
Inclusion and belonging: Empower and promote the inclusion of all.
Volunteering: Provide eight hours of paid volunteer time to all employees and enable at least 50 community/charity events across our sites each year from 2023 to 2030.
Giving: Improve patients' lives through product donations to under-served communities.
Health, safety and wellbeing: Maintain an annual Total Incident Rate (TIR) of less than 0.5 and Lost Time Injury Frequency Rate (LTIFR) of less than 0.1.
Planet
Working to reduce our impact on the environment.
Our objectives:
Climate change: Achieve net zero Scope 1 and Scope 2 Greenhouse Gas Emissions (GHGs) by 2040 and Scope 3 GHG emissions by 2045, beginning by achieving a 70% reduction in Scope 1 and Scope 2 GHG emissions by 2025.
Waste: Achieve zero waste to landfill (diversion of 90% or greater) at our manufacturing facilities in Memphis, US, and Malaysia by 2025 and at all of our strategic manufacturing facilities by 2030.
Water: Conserving water throughout our business processes.
Product
Innovating sustainably across the value chain.
Our objectives:
Product design: Include a sustainability review in New Product Development (NPD) for all new products and product acquisitions.
Sustainable packaging: Reduce our packaging, and design with reusable, recyclable and/or renewable resources which are sustainably sourced.
Supplier engagement: Complete a focused Corporate Social Responsibility (CSR) risk-based due diligence of our Tier 1 suppliers annually.
How Sustainability and CSR Efforts Impact Employees
Sustainability & CSR at Similar Size Companies on Comparably
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