Sustainability report
Content index
General standard disclosures
| Framework | Indicator | Description | Location / Omission Statement |
|---|
| GRI | 2-1 | Organizational Details | Organizational Profile |
| 2-2 | Entities included in the organization's sustainability reporting | Our Approach | |
| 2-3 | Reporting period, frequency, and contact point | Our Approach | |
| 2-4 | Restatements of information | There are no restatements of previous years' data | |
| 2-5 | External Assurance |
Verification Opinion Declaration |
| GRI | 2-6 | Activities, value chain, and other business relationships | Organizational Profile |
| 2-7 | Employees | Information unavailable: We do not currently report number of employees broken out by gender and region. | |
| 2-8 | Workers who are not employees | Information unavailable: We do not currently report number of workers who are not employees whose work is controlled by the organization. |
| GRI | 2-9 | Governance structure and composition | |
| 2-10 | Nomination and selection of the highest governance body | 2023 Proxy Statement PDF, Page 2 | |
| 2-11 | Chair of the highest governance body | ||
| 2-12 | Role of the highest governance body in overseeing the management of impacts | ||
| 2-13 | Delegation of Responsibility for managing impacts | 2023 Proxy Statement, Page 20 | |
| 2-14 | Role of the highest governance body in sustainability reporting | 2023 Proxy Statement, Page 20 | |
| 2-15 | Conflicts of interest | 2023 Proxy Statement, Page6 | |
| 2-16 | Communication of critical concerns | ||
| 2-17 | Collective knowledge of the highest governance body | 2023 Proxy Statement, Pages 16-20 | |
| 2-18 | Evaluation of the performance of the highest governance body | ||
| 2-19 | Remuneration policies | ||
| 2-20 | Process to determine remuneration | 2023 Proxy Statement, Pages 28-44 | |
| 2-21 | Annual total compensation ratio | 2023 Proxy Statement, Page 58 | |
| TCFD | G1.1, G1.2, G1.3 | Describe the board's oversight of climate-related risks and opportunities |
Corporate Governance - Management Approach, Enterprise risk management |
| G2.1, G2.2, G2.3, G2.4 | Describe management's role in assessing and managing climate-related risks and opportunities | Corporate Governance - Management Approach, Enterprise risk management |
| GRI | 2-22 | Statement on sustainable development strategy | ||
| 2-23 | Policy Commitments | |||
| 2-24 | Embedding policy commitments | |||
| 2-25 | Processes to remediate negative impacts | Ethics & Compliance - Management Approach | ||
| 2-26 | Mechanisms for seeking advice and raising concerns | |||
| 2-27 | Compliance with laws and regulations | |||
| 2-28 | Membership associations | |||
| TCFD | S1.1, S1.2, S1.3, S1.4 | Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term. | ||
| S2.1, S2.2, S2.3, S2.4 | Describe the impact of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning | Corporate Governance - Management Approach | ||
| S3.1, S3.2 | Describe the resilience of the organization's strategy, taking into consideration different climate related scenarios, including a 2°C or lower scenario. |
Environment, Health & Safety - Management Approach Corporate Governance - Management Approach, Enterprise risk management |
| GRI | 2-29 | Approach to stakeholder engagement | Materiality & Stakeholder Engagement |
| 2-30 | Collective bargaining agreements | Information unavailable: We do not currently report the number of employees covered by collective bargaining agreements. | |
| 3-1 | Process to determine material topics | Materiality & Stakeholder Engagement | |
| 3-2 | List of material topics | Materiality & Stakeholder Engagement |
Tier 1 topics
| Framework | Indicator | Description | Location / Omission Statement |
|---|
| GRI | 3-3 | Management of material topic | Product Safety & Quality - Management Approach |
| 416-1 | Assessment of the health and safety impacts of product and service categories | Product Safety & Quality - Management Approach | |
| SASB | HC-MS-250a.1 | Number of recalls issued, total units recalled | ESG Data Table - Product Safety |
| HC-MS-250a.2 | List of products listed in the FDA’s MedWatch Safety Alerts for Human Medical Products database | ESG Data Table - Product Safety | |
| HC-MS-250a.3 | Number of fatalities related to products as reported in the FDA Manufacturer and User Facility Device Experience | ESG Data Table - Product Safety |
| GRI | 3-3 | Management of material topic | Product Design & Innovation - Management Approach |
| SASB | HC-MS-410a.1 | Discussion of process to assess and manage environmental and human health considerations associated with chemicals in products, and meet demand for sustainable products | 2022 Annual Report, Pages 6-13 |
| GRI | 3-3 | Management of material topic | Access to Healthcare - Management Approach |
| Company KPI | Lives improved through Every Heartbeat Matters | Volunteerism & Giving - Recent Progress, Every Heartbeat Matters | |
| SASB | HC-MS-240a.2 | Affordability & Pricing | Access to Healthcare - Management Approach |
| GRI | 3-3 | Management of material topic | Patient Experience & Voice - Management Approach |
| GRI | 3-3 | Management of material topic | |
| 205-1 | Operations assessed for risks related to corruption | Edwards conducts a bi-ennial Compliance risk assessment that covers compliance risk across all of it’s entities and business units. | |
| 205-2 | Communication and training about anti-corruption policies and procedures | ||
| 205-3 | Confirmed incidents of corruption and actions taken | Edwards has numerous Anti-Bribery and Anti-Corruption (ABAC) controls in place, including policies, procedures and training. | |
| SASB | HC-MS-510a.2 | Description of code of ethics governing interactions with health care professionals. |
| GRI | 3-3 | Management of material topic | Human Capital Management - Management Approach |
| 401-2 | Benefits provided to full-time employees that are not provided to temporary or part-time employees |
| GRI | 3-3 | Management of material topic | Diversity, Inclusion & Belonging - Management Approach |
| 405-1 | Diversity of governance bodies and employees | 2023 Proxy Statement, Page 5-7 |
| GRI | 3-3 | Management of material topic | Human Capital Management - Management Approach, Total Wellbeing |
| GRI | 3-3 | Management of material topic | Access to Healthcare - Management Approach, Political and lobbying expenditures |
| 415-1 | Political contributions | Political Disclosure and Accountability |
Tier 2 topics
| Framework | Indicator | Description | Location / Omission Statement |
|---|
| GRI | 3-3 | Management of material topic | Environment, Health, & Safety - Management Approach, Energy and emissions |
| 302-1 | Energy consumption within the organization | ESG Data Table | |
| 302-2 | Energy consumption outside of the organization | Not applicable: This metric is not applicable to Edwards due to the nature of our operations and products. | |
| 302-3 | Energy intensity | Environment, Health & Safety - Recent Progress, Reducing energy demand | |
| 302-4 | Reduction of energy consumption | ESG Data Table | |
| 302-5 | Reductions in energy requirements of products and services | Not applicable: This metric is not applicable to Edwards due to the nature of our products. |
| GRI | 3-3 | Management of material topic | Environment, Health, & Safety - Management Approach, Climate risk |
| 305-1 | Direct (Scope 1) GHG Emissions | ESG Data Table | |
| 305-2 | Energy indirect (Scope 2) GHG Emissions | ESG Data Table | |
| 305-3 | Other indirect (Scope 3) GHG Emissions | ESG Data Table | |
| 305-5 | Reduction of GHG Emissions | Environment, Health & Safety - Recent Progress, Energy and emissions | |
| 305-6 | Emissions of ozone- depleting substances (ODS) | Not applicable: This metric is not applicable to Edwards due to the nature of our operations and products. | |
| 305-7 | Nitrogen oxides (Nox), Sulfur oxides (Sox) and other significant air emissions | ESG Data Table | |
| TCFD | R1.1, R1.2, R1.3 | Describe the organization's processes for identifying and assessing climate-related risks. | Environment, Health, & Safety - Management Approach, Climate risk |
| R2.1, R2.2 | Describe the organization's processes for managing climate-related risks. | Environment, Health, & Safety - Management Approach, Climate risk | |
| R3.1 | Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization's overall risk management. | Corporate Governance - Management Approach, Climate risk | |
| M1.1, M1.2, M1.3, M1.4 | Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process. |
Environment, Health & Safety - Management Approach, Climate risk |
|
| M2.1, M2.2, M2.3 | Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. | Environment, Health & Safety - Recent Progress, Energy and emissions | |
| M3.1, M3.2, M3.3, M3.4 | Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets. |
Environment, Health & Safety - Management Approach, Energy and emissions |
| GRI | 3-3 | Management of material topic | Environment, Health & Safety - Management Approach, Water |
| 303-1 | Interactions with water as a shared resource | Environment, Health & Safety - Management Approach, Water | |
| 303-3 | Water withdrawal | ESG Data Table | |
| 303-4 | Water discharge | ESG Data Table | |
| 303-5 | Water consumption | ESG Data Table |
| GRI | 3-3 | Management of material topic | Environment, Health & Safety - Management Approach, Waste |
| 306-1 | Waste generation and significant waste-related impacts | Environment, Health & Safety - Management Approach, Waste | |
| 306-2 | Management of significant waste-related impacts | Environment, Health & Safety - Management Approach, Waste | |
| 306-3 | Waste generated | ESG Data Table | |
| 306-4 | Waste diverted from disposal | ESG Data Table | |
| 306-5 | Waste directed to disposal | ESG Data Table |
| GRI | 3-3 | Management of material topic | Supply Chain Management - Management Approach, Product stewardship |
| GRI | 3-3 | Management of material topic | Volunteerism & Giving - Management Approach |
| 413-1 | Operations with local community engagement, impact assessments, and development programs | Volunteerism & Giving - Management Approach | |
| 413-2 | Operations with significant actual and potential negative impacts on local communities |
| GRI | 3-3 | Management of material topic | Volunteerism & Giving - Management Approach |
| Company KPI | Employee participation in charitable giving | ESG Data Table |
| GRI | 3-3 | Management of material topic | Patient Experience & Voice - Management Approach |
| GRI | 3-3 | Management of material topic |
| GRI | 3-3 | Management of material topic | Supply Chain Management - Management Approach |
| SASB | HC-MS-430a.2 | Description of efforts to maintain traceability within the distribution chain | Product Safety & Quality - Recent Progress, Device Tracking / FDA Case for Quality Program |
| HC-MS-430a.3 | Description of the management of risks associated with the use of critical materials |
Annual Conflict Minerals Report Supply Chain Management - Management Approach, Product stewardship / Conflict minerals |
| GRI | 3-3 | Management of material topic | Corporate Governance - Management Approach, Cybersecurity |
| GRI | 3-3 | Management of material topic | 2022 Annual Report, Pages 19-20 |
Tier 3 topics
| Framework | Indicator | Description | Location / Omission Statement |
|---|
| GRI | 3-3 | Management of material topic | Environment, Health & Safety - Management Approach, EHS Management System |
| Company KPI | Manufacturing operations maintaining ISO 14001 certification | ESG Data Table |
| GRI | 3-3 | Management of material topic | 2022 Annual Report, Page 12 |
| GRI | 3-3 | Management of material topic |
Supply Chain Management - Management Approach, Assessing and monitoring supply chain risk |
| GRI | 3-3 | Management of material topic | Ethics & Compliance - Management Approach, Responsible marketing |
| SASB | HC-MS-270a.1 | Total amount of monetary losses as a result of legal proceedings associated with false marketing claims. | No monetary losses as a result of legal proceedings associated with false marketing claims during the reporting period. |
| HC-MS-270a.2 | Description of code of ethics governing promotion of off-label use of products | Titanium Book, PDF pages 20-24 |
| GRI | 3-3 | Management of material topic | Corporate Governance - Management Approach, Cybersecurity |
| GRI | 3-3 | Management of material topic | Titanium Book, PDF pages 24-26 |
| GRI | 3-3 | Management of material topic | At Edwards, we respect biodiversity by minimizing environmental impacts from our operations and encouraging our employees to work with our communities to enhance the health of our local ecosystems. |
| 304-1 | Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas | No Edwards owned or leased facilities are located in protected areas or areas of high biodiversity value, according to the World Database of Protected Areas compiled by the UN Environment World Conservation Monitoring Centre. We currently operate seven manufacturing sites in five different countries and over 100 regional offices throughout the world. |