Treace Publishes Inaugural ESG Report

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by KnowESG
KnowESG_Sustainability in medical field
Image courtesy of https://www.treehugger.com/

Treace Medical Concepts, Inc., a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), published its inaugural Environmental, Social, and Governance (ESG) report.

This report highlights the Company’s strategic and ESG-related initiatives from the past year, including:

  • Advancing the Company’s mission to improve surgical outcomes for bunion patients;

  • Formally delegating responsibility to oversee ESG initiatives to the Nominating, Compliance and Governance Committee of the Company’s Board of Directors and changing the committee’s name to the Nominating, Compliance & ESG Committee;

  • Revamping and relaunching the Company’s Code of Conduct for employees and directors centred around our four core values;

  • Introducing a Supplier Code of Conduct to better communicate expectations around ethical and responsible business conduct by the Company’s suppliers; and

  • Moving into a new headquarters that provides additional capacity for the Company’s growing business along with environmentally-friendly features.

“We are pleased to issue our inaugural ESG report, which highlights our commitment to improving the lives of bunion patients and operating our business responsibly. We recognise the importance of ESG to our stakeholders, internal and external, and will continue to integrate ESG considerations into the ways we manage our business,” said John T. Treace, CEO, Founder, and Board Member.

In developing this report, Treace prioritised ESG issues applicable to its industry and business. The Company’s analysis was informed by feedback from investors and other stakeholders, peer benchmarking, analysis prepared by ESG rating agencies, and guidance from leading ESG reporting frameworks such as the Sustainability Accounting Standards Board (SASB). The Company’s disclosures in this report incorporate SASB standards and metrics for the Medical Equipment & Supplies industry. An index containing SASB-aligned disclosures is available in the appendix of the report. Please visit the Investor Relations section of the Company’s website to view Treace’s 2023 ESG Report.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: GLOBE NEWSWIRE

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