About the Cover................................................................................
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
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 ande-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
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
Using energy efficientlyin our products and in our facilities
Remaining a supportive and influential memberin our communities
Partnering with responsible suppliersto provide ethical sourcing of materials
Providing a safe and healthy work environment
Mentoring talented professionalswho will guide Invacare's future
Embracing Diversity, Equity & Inclusion
3 2020 Invacare ESG Report
establishing a culture of environmental excellence.
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.
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
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.
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.
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.