Our Environment, Social and Governance (ESG) focus is a natural extension of our values and is not only the right thing to do for our society and our planet, but it makes good business sense as well. We believe that proper focus on governance, materials, manufacturing processes, workplace safety and diversity will translate into a positive environmental and cultural impact, helping us to create long-term value for LivaNova , our investors and our stakeholders.
– Damien McDonald, LivaNova Chief Executive Officer
Supporting Well-Being with a Sustainable Business
LivaNova is a global medical technology company built on decades of experience and a relentless commitment to improve the lives of patients around the world. As a worldwide leader in advanced circulatory support, cardiopulmonary and neuromodulation, we are dedicated to creating meaningful products and therapies and operating at the topmost level of business ethics and integrity. We are committed to fostering a sustainable business that supports the well-being of our patients, employees and communities. To help achieve this, we integrate environmental, social and governance objectives into our decision making to deliver long-term value to our stakeholders.
We put our corporate values into action every day, including reducing the environmental impact of our products and operations, providing engaging and rewarding work for our employees and always leading with safety.
To identify the sustainability issues material to our business, we are guided by feedback we receive from our stakeholders, including patients, employees, regulators, investors and third-party frameworks such as the Sustainability Accounting Standards Board (SASB) Medical Equipment & Supplies Standard and the Task Force on Climate-related Financial Disclosures (TCFD). Our executive team uses this insight to guide our sustainability priorities and disclosures.
Our Global Footprint
- Nearly 3,000 EMPLOYEES supporting patients and healthcare professionals
- Presence in 5,500+ HOSPITALS
- Distributing to 100+ COUNTRIES
Our Global Impact
- 120,000+ PATIENTS treated with VNS Therapy®
- 2M+ PATIENTS treated with Inspire® oxygenator
- 40+ YEARS of perfusion know-how and worldwide leadership with S5® HLM
- 1M+ PATIENTS treated with XTRA® Autotransfusion System
ESG Task Force
LivaNova created an ESG Task Force in 2020, a cross-functional team of leaders focused on establishing a comprehensive program to optimize our ESG efforts with full support from the executive team. Guided by UN Global Compact Principles and Sustainable Development Goals, the ESG Task Force organized a framework around various LivaNova ESG efforts and is implementing strategies to put these values into action.
Our Head of Corporate Social Responsibility is responsible for implementing our ESG programs, and all of our manufacturing locations have formal programs specified to a site level. Our Board's Nominating and Corporate Governance (NCG) Committee charter encompasses ESG oversight under its list of duties and responsibilities, and as a result, the NCG Committee receives regular updates on the ESG Task Force's activities at each of its quarterly meetings. The directors on the NCG Committee actively engage on this topic every quarter, and the NCG Committee Chair reports material ESG developments to the full Board.
Ethics and Integrity
LivaNova is committed to maintaining the highest ethical standards. We are guided by our Code of Ethics and Business Conduct (Code of Conduct) and our Policy on Business Integrity that applies to all directors, officers and employees of the company and all its subsidiaries. Our Code of Conduct sets the tone for our global compliance program and is a starting point for understanding and working with LivaNova’s Compliance Policies and Procedures, including our Policy on Business Integrity, which emphasizes the importance of trust. At LivaNova, our integrity is the foundation of that trust, and we value honesty, transparency and integrity in the Company for which we work.
Throughout their employment, all employees must certify their acknowledgement and compliance with our Code of Conduct. All corporate employees are trained on our ethics program when they join the company and receive ad hoc training on our policies and/or procedures thereafter.
LivaNova maintains an independent, 24/7 Speak Up line for reporting any ethical concerns, available in multiple languages. Reported matters are logged in our database where they are tracked and investigated according to our internal investigation procedures. The Speak Up line is broadly available to our employees and business partners, including through our Code of Conduct, policies/procedures, company intranet and website (in the Speak Up section).
Relatedly, we believe that our business can only succeed where the rights of all workers involved in the value chain of our business are protected and respected, and we aim to conduct business with third parties including consultants, suppliers and other business partners (Third Parties) who share our commitment to operating in a responsible and ethical manner. Accordingly, our Third Party Code of Ethics and Business Conduct outlines the minimum standards we require all LivaNova parties to comply with when doing business with us, in addition to all applicable laws, regulations and industry standards
Sustainability Focus Areas
Our employees are crucial in our mission to provide hope and life-changing innovation to our patients and their families.
Quality and safety are key to developing innovative products that work in partnership with and improve life.