Through the Nominating and Corporate Governance Committee of the LivaNova Board of Directors, the Board oversees the Company’s Sustainability efforts. Within the organization, the Company’s Sustainability efforts are managed by the Head of Sustainability. The Sustainability governance structure includes a quarterly executive team partnership for vision and purpose calibration, a monthly engagement with a Steering Committee body (sponsored by the Chief Financial Officer) to drive corporate strategy awareness and goal setting alignment, and the cross-functional Environmental, Social, and Governance (ESG) Task Force for unified execution of priorities. The ESG Task Force is comprised of senior leaders and other key stakeholders across the Company who lead ESG focus areas or whose work is informed by ESG.
The Head of Sustainability drives the governance structure and is accountable for successful prioritization and execution of the strategy and associated initiatives noted above, including regular and transparent education and awareness of Sustainability progress among the Company’s stakeholders, both internally and externally; monitoring relevant regulations in markets worldwide to enable LivaNova to meet ESG and Sustainability performance expectations and requirements; and embedding sustainability impact, risks and opportunity analysis into the Company’s strategic plan.
Ethics and Integrity
LivaNova is committed to maintaining the highest ethical standards. The Company is guided by the Code of Ethics and Business Conduct (Code of Conduct) that applies to all directors, officers and employees of the company and all its subsidiaries. LivaNova’s Code of Conduct sets the tone for global compliance program and is a starting point for understanding and working with LivaNova’s compliance policies and procedures, including but not limited to the Company’s Global Policy on Business Integrity, which emphasizes the importance of trust and the Company’s stance against misconduct in the areas of corruption, bribery and fraud - to cite a few. At LivaNova, integrity is the foundation of that trust, and LivaNova values honesty, transparency, and integrity in the Company.
Employees are introduced to the Company’s ethical standards upon joining LivaNova and, throughout employment, each employee must certify acknowledgement and compliance with LivaNova’s Code of Conduct. Corporate employees in specific roles receive training on applicable policies and procedures thereafter.
Relatedly, LivaNova believes that business can only succeed where the rights of all workers involved in the value chain of the business are protected and respected, and the Company aims to conduct business with third parties (including consultants, suppliers, customers and other types of business partners) who share the commitment to operating in a responsible and ethical manner. LivaNova’s Third Party Code of Ethics and Business Conduct outlines the minimum standards required of all third parties to comply with when doing business with LivaNova, in addition to all applicable laws, regulations and industry standards.
LivaNova is committed to its Global Speak Up and Non-Retaliation Policy and maintains an independent, 24/7 Ethics Line for reporting any ethical or compliance concerns, available in multiple languages. Reported matters are logged in our database, where they are tracked and investigated according to the Company’s internal investigation procedures. The LivaNova Ethics Line is available globally to employees and third parties, both via web and by phone (US hotline: 800 461 9330 - additional local numbers available here).
