ESG at TRICORBRAUN
At TricorBraun, doing things the right way is part of our company culture. Doing the right thing related to our environmental, social, and governance (ESG) impacts is an extension of our core values and our company’s Operating Principles. We are committed to sustainable and ethical practices because it’s good for our customers, our business, and our planet.
Our ESG Roadmap
To guide us moving forward, we conducted a materiality assessment in 2021 to identify and prioritize those issues of greatest importance to our stakeholders, as well as the opportunities for TricorBraun to drive significant impact. That assessment identified the following 10 areas of ESG priority focus.
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Product Lifecycle Management, GHG (Greenhouse Gas) & Climate, and Waste
Product Quality & Safety, Supply Chain Management, Occupational Health & Safety, Labor Practices, DEI and Talent Attraction & Engagement
Ethics, Compliance & Risk Management
Our ESG Pillars & Goals
Based on our identified areas of priority, ESG at TricorBraun falls under three strategic pillars:
Our ESG Governance
TricorBraun’s commitment to ESG is demonstrated through our actions – we have established an ESG Steering Committee, composed of various members of the company’s Executive Leadership Team (including the CEO, CFO and COO), responsible for providing strategic guidance to the ESG Taskforce on the implementation of our ESG initiatives. We have also set up Pillar Teams, each chaired by our Director of ESG & Sustainability Programs and composed of representatives from across the company, to provide direction and set, prioritize, develop, and lead initiatives under each of our strategic pillars. These initiatives will enable us to make iterative, continuous improvements in how we operate and to achieve our goals.
Our first ESG report is under development to discuss our progress in more detail.
Engaging Across the ESG Community
To further our efforts, we’re partnering with various organizations as we work to expand our ESG activities. Our Director of Sustainability is part of the Sustainable Packaging Technical Committee leadership team at the Institute of Packaging Professionals, and we are members of the Sustainable Packaging Coalition and ThePackHub.
In addition, TricorBraun achieved a Bronze medal from EcoVadis, the world’s most trusted provider of business sustainability ratings. This coveted recognition distinguishes the top 50% of submitted companies with the best ratings for their ethical practices and social and environmental performance.
Since achieving our EcoVadis Bronze medal, we’ve made significant new ESG commitments to continue to elevate our status. And, as we move forward, we will continue to focus on driving significant impacts in each of our three strategic pillars to create value for our company, our customers, and our world.