Sustainability pays off

The need for climate-friendly, energy-efficient, and resource-conserving business activities presents the medtech industry with challenges but also provides opportunities. Companies with credible sustainability management policies have a competitive edge on many levels.

Sustainability relates to the three dimensions of society, the economy, and the environment. A company that values sustainability will create clear competitive advantages in the long term.

Positively impacts public image

A company’s image is essentially determined by a few factors. These include quality of performance, economic success, and increasingly (due to changing values in society) also sustainability. The public expects companies to operate sustainably.

Helps recruit and retain employees

Studies show that young people prefer to work for companies committed to sustainability. In view of developments on the labour market, demographic change, the shortage of skilled workers, and the much-cited competition to attract talent, it is also worthwhile for a company to become an attractive employer in terms of sustainability.

Keeps customers interested

Sustainability affects companies’ competitiveness. Customers are increasingly asking for information on environmental impact; in particular on climate protection (CO² footprint). Companies must reduce emissions from all sources in the medium to long term. Particularly large companies are already setting their own net-zero targets across the entire value chain. Suppliers focusing on CO² reduction increase their chances of remaining part of the supply chain.

Secures access to capital

Financial institutions are increasing assessments of environmental and social risk as important parts of credit checks.

Complies with regulations

The main drivers of sustainability are customers, investors, and the general public. However, legislators are also increasingly imposing requirements at international, European, and national levels.