Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

INVACARE CORPORATION

(IVC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Invacare : 2020 Environmental, Social & Governance Report � 04.2021

04/19/2021 | 06:00pm EDT

DRAFT

Invacare Corporation

2 0 2 0 R e p o r t

Environmental

Social

Governance

ESG

At its core, the
company designs, manufactures and distributes medical devices that help people to move, breathe, rest and perform essential hygiene.

Table of Contents

Invacare ESG Commitment.............................................................

2

Company Profile at a Glance..........................................................

2

Special Recognition............................................................................

3

Guiding Principles of Sustainability.............................................

3

Corporate Environmental Stewardship.................................

4-6

Corporate Social Engagement..................................................

7-9

Corporate Governance Commitment...................................

10-11

About the Cover................................................................................

12

Invacare ESG Commitment

Matthew Monaghan Chairman, President, & CEO

At Invacare, we are proud to design, manufacture and distribute innovative products that serve millions of people and caregivers around the world to make people's lives better. Our strategic commitment will ensure our resources are prioritized to making the most meaningful impact on all our stakeholders. I am excited about our future and the solutions we will create. Along the way, we should focus beyond WHAT we do to HOW we do it. Caring about the world around us and the impact that we have in our communities is critical. It is a Triple Bottom Line - People, Planet, and Profit. With this in mind,

we will increasingly focus on our corporate social responsibility.

At Invacare, our Environmental, Social, and Governance (ESG) initiative is a strategic

journey focused on environment, sustainability, associates, ethical labor practices, philanthropy, and DEI - diversity, equity, and inclusion. As part of our renewed focus, we recognize the need for flexibility as we continually adapt our strategy with evolving industry standards, performance metrics, goals, and expectations.

The Executive Leadership Team and I are accountable to our Board of Directors for driving our ESG vision, and across the company all of us have an important role to play.

Company Profile at a Glance

Invacare Corporation is a leading

manufacturer and distributor in its markets for medical equipment used in non-acute care settings. The company

provides clinically complex medical

device solutions for congenital (e.g., cerebral palsy, muscular dystrophy, spina bifida), acquired (e.g., stroke, spinal cord injury, traumatic brain injury, post- acute recovery, pressure ulcers) and degenerative (e.g., ALS, multiple sclerosis,

chronic obstructive pulmonary disease (COPD), elderly, bariatric) ailments. The company's products are important parts of care for people with a wide range of challenges, from those who are active and involved

in work or school each day and may need additional mobility or respiratory support, to those who are cared for in residential care settings, at home and in rehabilitation centers.

The company sells its products principally to home medical

equipment providers with retail and e-commercechannels, residential care operators, distributors and government health services in North

America, Europe and Asia/Pacific. For more information about the company and its products, visit Invacare's website at www.invacare.com.

Published April 2021

  • 2020 Invacare ESG Report

Special Recognition

Invacare Salutes On-site Associates

COVID-19 Protocols and Response

Despite Invacare's virtual networks and resources, not every position can be conducted remotely. We salute the many manufacturing, engineering, repair, warehouse and other functional departments who worked tirelessly on-site to ensure that our products were available for those who needed it most. Due to their resilience and dedication, we were able to fend off manufacturing interruptions and maintain distribution of critical products

essential to the pandemic response. To keep all our associates as safe as possible, Invacare implemented rigorous return-to-work protocols that included 6 feet social distancing, relocation to new workspaces, and staggered schedules when social distancing was not possible. PPE requirements and health checks have been strictly enforced and site cleaning enhanced.

Guiding Principles of Sustainability

As Invacare products, services and operations continue to evolve and transform, our team will rely on the below guiding principles of sustainability to preserve, expand and execute our ESG strategy.

1. Providing safe, quality products that continue Making Life's Experiences Possible

2. Being a responsible steward of

the environment in the design and manufacturing of our products

  1. Using energy efficiently in our products and in our facilities
  2. Remaining a supportive and influential member in our communities
  3. Partnering with responsible suppliers to provide ethical sourcing of materials
  1. Providing a safe and healthy work environment
  2. Mentoring talented professionals who will guide Invacare's future
  3. Embracing Diversity, Equity & Inclusion

3 2020 Invacare ESG Report

Invacare is
establishing a culture of environmental excellence.

Corporate Environmental

Stewardship

Environmentally

Responsible

Operations

As a global leader in the medical device industry, Invacare recognizes its corporate responsibility to promote environmental stewardship throughout the organization. Our mission is to strive for environmental

excellence throughout Invacare's various manufacturing, distributing, servicing, engineering, and administrative operations across the globe. In today's regulatory landscape, the environmental laws

that govern the protection of our natural resources are regularly evolving. Accordingly, we embrace continuous improvement in order to achieve and maintain environmental compliance. Working with government agencies, Invacare identifies

and manages its environmental obligations through the ongoing development and review of environmental permitting, monitoring, recordkeeping, and reporting. To comply with applicable environmental obligations, Invacare adheres to a corporate environmental compliance calendar to keep tasks on schedule and an audit policy to monitor compliance.

Beyond regulatory compliance, we promote product stewardship and sustainability in all facets of the organization. Whether partnering with product stewardship organizations, pursuing waste minimization,

or evaluating energy consumption, we seek to minimize our impact on the environment. Our

comprehensive focus on the environment has inspired multiple sustainability initiatives:

      • Mattress and rechargeable battery product stewardships
      • LED lighting installations
      • Product and package design considerations for recyclability
    • Optimization of packaging materials
  • Energy-efficientair compressor systems
  • Achieving ISO 14001 certification at select facilities

Through this integrated approach incorporating compliance, stewardship, and sustainability, Invacare is establishing a culture of environmental excellence.

Renewable Energy

Invacare continues to offset carbon emissions from electricity and natural gas

consumption at its Ohio facilities through the purchase of Verified Carbon Units (VCUs) and Renewable Energy Certificates (RECs). VCUs represent one metric ton of greenhouse gas emissions reduced or removed from the atmosphere from certified

emissions reduction projects.

An REC is a commodity that represents electricity delivered into a power grid in North America by a renewable resource, to include electric power from solar, wind, geothermal, biomass, hydropower, or other qualifying sources. Carbon offset

opportunities will be evaluated at other facilities to further reduce impacts from the consumption of natural resources.

  • 2020 Invacare ESG Report

Corporate Environmental Stewardship

Energy

Conservation

Invacare's German business in Albstadt relocated into a new facility utilizing currently available energy conservation technologies:

The new facility was built according to the KfW 55 energy efficiency standard, which consumes up to 55% of the energy consumed in regular, minimally compliant buildings.

The facility roof features a photovoltaic system with 750 kW/h solar panels that generates renewable energy, with approximately 60% used by the facility and 40% sold back to the power grid.

Heat recovery is obtained by a mechanical ventilation system in the office building, while heating and cooling runs on heat pumps.

All lighting in the facility is provided with LED technology.

Product Stewardship

Industrial Recycling Stewardships

Circular Sourcing Concepts

In the United States and Canada, Invacare maintains ongoing memberships with Call2Recycle and the Mattress Recycling Council in order to educate the consumer and promote the appropriate recycling of rechargeable battery and mattress products at its end of life.

On the other side of the globe, Invacare New Zealand pledged to prevent 1,000 mattresses from ending up in a landfill. Collaborating with local charity Eco Shop, Invacare NZ sanitized and refurbished over 90% of the mattresses. Not only did this activity generate charitable funds, but it also helped Invacare secure a contract tender with the local health district.

Invacare's respiratory line of portable and stationary oxygen concentrators use molecular sieve adsorption media to produce an oxygen-rich gas. Partnering with its molecular sieve supplier, Invacare has continued to collect and regenerate spent molecular sieve in a re-fired reclamation process, eliminating waste and substituting virgin molecular sieve with re-fired molecular sieve in designated service parts. From the program's inception in 2019, Invacare has delivered over 17 tons of spent molecular sieve to its supplier for re-firing.

  • 2020 Invacare ESG Report

Disclaimer

Invacare Corporation published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2021 13:52:07 UTC.


© Publicnow 2021
All news about INVACARE CORPORATION
07/26INVACARE CORPORATION : to Host Conference Call and Webcast to Discuss Second Qua..
BU
07/08EXCLUSIVE : German artificial limb maker Ottobock plans blockbuster 2022 IPO - s..
RE
06/28INVACARE CORPORATION : to Participate in the 21st Annual CJS Securities New Idea..
BU
05/25INVACARE : UBS Global Healthcare Conference Presentation 5.25.21
PU
05/21INVACARE : Amendment No. 3 to the Invacare Corporation 2018 Equity Compensation ..
PU
05/21INVACARE CORP : Change in Directors or Principal Officers, Financial Statements ..
AQ
05/18INSIDER TRENDS : Invacare Insider Makes Shares Sale for Tax Slowing 90-Day Buy T..
MT
05/12INVACARE CORPORATION : to Present at the UBS Global Healthcare Virtual Conferenc..
BU
05/06INVACARE : Q1 Earnings Snapshot
AQ
05/05INVACARE : Management's Discussion and Analysis of Financial Condition and Resul..
AQ
More news
Financials (USD)
Sales 2021 903 M - -
Net income 2021 -17,5 M - -
Net Debt 2021 206 M - -
P/E ratio 2021 -14,3x
Yield 2021 -
Capitalization 253 M 253 M -
EV / Sales 2021 0,51x
EV / Sales 2022 0,46x
Nbr of Employees 3 400
Free-Float 84,2%
Chart INVACARE CORPORATION
Duration : Period :
Invacare Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INVACARE CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 7,23 $
Average target price 16,00 $
Spread / Average Target 121%
EPS Revisions
Managers and Directors
Matthew E. Monaghan Chairman, President & Chief Executive Officer
Kathleen Patricia Leneghan Senior VP, Chief Financial & Accounting Officer
Angie Goodwin Chief Technology & Information Officer
Anthony C. LaPlaca Secretary, Chief Administrative Officer & SVP
C. Martin Harris Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
INVACARE CORPORATION-19.22%253
ABBOTT LABORATORIES10.59%214 960
MEDTRONIC PLC11.56%176 468
BECTON, DICKINSON AND COMPANY2.21%74 377
ALIGN TECHNOLOGY, INC.30.21%55 063
SARTORIUS STEDIM BIOTECH65.28%52 629