Sustainability reporting and governance

We are transparent about our impact on environment, people and society. For the benefit of all our stakeholders each year, we report on results and performance in the integrated Annual Report. Sustainability governance is an essential part of Mölnlycke corporate governance.

Mölnlycke’s reporting is based on the Global Reporting Initiative (GRI) principles and relevant standards, and the Greenhouse Gas (GHG) Protocol, supported by internally developed guidelines. We listen attentively to internal and external stakeholders.

Mölnlycke integrated Annual Report 2023 covers the year ending on 31 December 2023. The report has been prepared in accordance with Global Reporting Initiative (GRI) standards, in addition to the Taskforce on Climate related Financial Disclosures (TCFD) framework.

Download our integrated Annual Report 2023

Download it here

Sustainability governance structure

Sustainability is integral to Mölnlycke’s business. The Executive Leadership Team (ELT) is responsible for integrating the sustainability roadmap into company strategy and monitoring the performance of each business and function. The ELT reviews sustainability issues and associated impacts, risks and opportunities twice a year, whereas critical concerns can be escalated to the team at any time.

Day-to-day responsibility for managing sustainability in Mölnlycke’s business and operational activities lies with the company’s Corporate Functions and Business Areas, supported by the COO and EVP Sustainability. The Sustainability function supports the Business Areas and Corporate Functions in defining and implementing their sustainability roadmaps. It also raises awareness of sustainability within the entire organisation, with the support of the Sustainability Committee. The governance of the ethical business aspects of WeCare lies with The Business Ethics Compliance team, lead by the Chief Compliance Officer. To strengthen the internal focus and expertise on the topics of human and labour rights a dedicated Human Rights Committee has been formed. Finally, Diversity, Equity & Inclusion (DEI) Council oversees and advances the development of Mölnlycke’s DEI vision.

Monitoring progress

Mölnlycke uses key indicators to track progress in delivering on the company’s sustainable business objectives and drive continual improvement processes in every function, supported by external benchmarks.