Our operations from a sustainability perspective

Sustainable Operations

AddLife is an independent player in Life Science and have an entrepreneurial business model with independent subsidiaries.

Our business shall be conducted in line with the principle of long-term, soundly based development. As well as being subject to business economic  requirements, goals and guidelines,our business activities shall be conducted in accordance with strict criteria in terms of integrity and ethics. We therefore attach great value to acting in a professional, honest and ethically correct manner. We support the UN Global Compact, ILO core conventions and OECD guidelines for multinational companies and our Code of Conduct is based on these policies. 

As a minimum, we observe all applicable laws and regulations and where necessary will also introduce standards in accordance with the Code of Conduct, where laws and regulations do not align with the Code’s objectives. We expect that in their operations suppliers maintain knowledge of and as a minimum requirement observe national legislation in the countries where they conduct their business.

Stakeholder dialogues

AddLife’s most important stakeholders both influence and are influenced by the business. The most important stakeholders are customers, employees, suppliers and partners, as well as owners.

Material issues

In 2017 AddLife conducted, with the assistance of external consultants, stakeholder dialogues with subsequent materiality analysis. Representatives of customers, suppliers and owners were interviewed about AddLife’s sustainability efforts and were asked to prioritise the most important sustainability aspects. Selected employees were engaged in a dialogue and a workshop was held for Group Management.
The purpose of the study was to develop the company’s sustainability efforts and to create a basis for sustainability reporting. An analysis of stakeholder expectations and requirements,
combined with the importance of the areas for the business, including the actual ability to have an influence, showed that the aspects below are most important for AddLife. These aspects and the sustainability targets linked to them are common for the entire Group. In addition to these aspects, the individual subsidiaries can also set and implement their own targets. No need for a new materiality analysis was identified for 2018.

The stakeholder dialogue is ongoing and AddLife strives to ensure that it is transparent with a long-term approach. Based on the dialogue, the most important issues are analysed as a
basis for the materiality analysis.

  • The ongoing dialogue with customers is conducted through meetings, daily contact, support, training, advisory services, procurement specifications, seminars, trade fairs and customer questionnaires.
  • The dialogue with suppliers and partners takes place through procurement processes, supplier assessments and meetings.
  • The dialogue with employees takes place through daily contact in projects and collaborative initiatives, staff meetings, manager meetings and internal training, as well as on a more structured basis through performance appraisals and employee surveys.
  • The shareholders ultimately decide on the governance of AddLifes through the Annual General Meeting. Individual shareholders also have the opportunity to ask questions to the Board and management at the AGM. Shareholders also receive information through the website, annual report, interim reports, investor meetings and analyst meetings.

 

Within AddLife, sustainability efforts are a priority–not because we are forced to do so, but because we feel a responsibility to our customers, employees and society at large.

Kristina Willgård, CEO AddLife

A responsible company

It is of great importance that AddLife conducts its business based on high business standards and goals, as well as on high ethical and moral standards. By continually improving sustainability in our business, we can become a more professional partner in a more demanding business world. For us, business value and sustainability are not in conflict; rather, they support one another. We embrace our responsibility to contribute to sustainable development both within the company and in society at large.

Sustainability-related activities in 2018:

  • AddLife carried out its first supplier assessment
  • Strengthened focus on Code of Conduct and discrimination within AddLife Academy
  • Implementation of whistleblower function
  • Leadership training and expanded course selection at AddLife Academy

Outlook 2019

AddLife will, of course, continue to work with both minor and major sustainability issues. In 2019 we will prioritise the following four areas in our sustainability efforts:

  • In 2019 the focus on the Code of Conduct will continue, including through integration into an advanced level of the Sales 1 course at AddLife Academy.
  • As always in conjunction with acquisitions, all new employees will complete the Vision and corporate philosophy course at AddLife Academy.

Of course we link our responsibility for sustainability with business value

Eva Lundberg, Quality and Environment Manager Mediplast Sweden

I really believe that responsibility characterises everyday life here. My job includes sustainability issues, where it is extremely important to meet the demands of our customers. We must constantly ensure that our products comply with all quality and environmental requirements and that our suppliers live up to our Code of Conduct. Taking full responsibility for sustainability ultimately affects the business value of the entire company.

 

Code of Conduct

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Sustainability Report

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