LivaNova created an ESG Task Force in 2020, a cross-functional team of leaders focused on establishing a comprehensive program to optimize our ESG efforts with full support from the executive team. Guided by UN Global Compact Principles and Sustainable Development Goals, the ESG Task Force organized a framework around various LivaNova ESG efforts and is implementing strategies to put these values into action.
Our Head of Corporate Social Responsibility is responsible for implementing our ESG programs, and all of our manufacturing locations have formal programs specified to a site level. Our Board's Nominating and Corporate Governance (NCG) Committee charter encompasses ESG oversight under its list of duties and responsibilities, and as a result, the NCG Committee receives regular updates on the ESG Task Force's activities at each of its quarterly meetings. The directors on the NCG Committee actively engage on this topic every quarter, and the NCG Committee Chair reports material ESG developments to the full Board.
Ethics and Integrity
LivaNova is committed to maintaining the highest ethical standards. We are guided by our Code of Ethics and Business Conduct (Code of Conduct) that applies to all directors, officers and employees of the company and all its subsidiaries. Our Code of Conduct sets the tone for our global compliance program and is a starting point for understanding and working with LivaNova’s compliance policies and procedures, including but not limited to our Global Policy on Business Integrity, which emphasizes the importance of trust and the company’s stance against misconduct in the areas of corruption, bribery and fraud - to cite a few. At LivaNova, our integrity is the foundation of that trust, and we value honesty, transparency and integrity in the company for which we work.
Employees are introduced to our ethical standards when they join the company and, throughout their employment, they must certify their acknowledgement and compliance with our Code of Conduct. Corporate employees in specific roles receive training on applicable policies and procedures thereafter.
Relatedly, we believe that our business can only succeed where the rights of all workers involved in the value chain of our business are protected and respected, and we aim to conduct business with third parties (including consultants, suppliers, customers and other types of business partners) who share our commitment to operating in a responsible and ethical manner. Our Third Party Code of Ethics and Business Conduct outlines the minimum standards we require all third parties to comply with when doing business with LivaNova, in addition to all applicable laws, regulations and industry standards.
LivaNova is committed to its Global Speak Up and Non-Retaliation Policy and maintains an independent, 24/7 Ethics Line for reporting any ethical or compliance concerns, available in multiple languages. Reported matters are logged in our database, where they are tracked and investigated according to our internal investigation procedures. The LivaNova Ethics Line is available globally to our employees and third parties, both via web and by phone (US hotline: 800 461 9330 - additional local numbers available here).
