LivaNova aims to embed sustainability and climate-related considerations at multiple levels within the organization’s governance structure.
By delegation of the Board of Directors, the Nominating and Corporate Governance Committee of the Board (NCG Committee) oversees sustainability-related matters, including with respect to environmental, social, and governance areas. On a quarterly basis, the NCG Committee receives reports from the Sustainability Team which include relevant updates, discussion points, and disclosures for review and approval. The Executive Leadership Team (ELT) is regularly informed of key sustainability and climate-related initiatives. The ELT also regularly reviews, monitors, and assesses LivaNova’s principal climate-related risks and opportunities, strategic initiatives, and disclosures.
The Company’s sustainability governance structure also includes coordinated efforts among the Sustainability Team, Sustainability Delivery Groups, the Sustainability Task Force, and cross-functional business leaders. The Sustainability Delivery Groups focus on specific sustainability projects and are composed of representatives from relevant sites and functions, according to project needs. The Sustainability Task Force is a broader, cross-functional forum comprised of vice presidents and key stakeholders who meet regularly to receive and discuss updates from the Sustainability Team and the Sustainability Delivery Groups, to raise awareness, align on priorities, and provide support as appropriate. Various functions and business leaders across the business integrate sustainability into their regular decision-making. Collectively, these groups are responsible for implementing the Company’s sustainability-related initiatives.
LivaNova’s governance of sustainability and climate matters is evolving and is expected to continue to be refined as the organization matures, in response to external developments relating to climate change, and as sustainability and climate-related matters are further embedded into LivaNova’s ways of working.
Compliance
LivaNova’s commitment to integrity starts with the Company’s Code of Ethics and Business Conduct (the “Code”), which sets the tone of our organizational culture and outlines the key expectations of behavior for LivaNova employees and Officers, the Company’s Board of Directors, and individuals and companies acting on LivaNova’s behalf. The Code provides a framework of principles, guidelines, and policies that are aligned with ethical, social, and environmental responsibilities, and outlines the Company’s commitment to mitigate risks relating to modern slavery and conflict minerals. For further details, view LivaNova’s annual Modern Slavery Statement and Conflict Minerals Report. Alongside these, the Company has implemented a comprehensive and effective compliance program, which is built on a foundation of clearly defined written policies and procedures, which are regularly updated to reflect the latest legal requirements and industry standards. LivaNova’s Third Party Code of Conduct defines the standards we expect of our third parties when doing business with the Company, including in the areas of human rights and labor conditions, conflict minerals, environment and sustainability, anti-bribery and anti-corruption, anti-trust and fair competition, trade compliance, confidentiality and data privacy, and intellectual property, in addition to all applicable laws, regulations, and industry standards. In addition, it includes an expectation for third parties to pass on these standards to their subsidiaries, subcontractors, and affiliates, and have in place processes to monitor their compliance. At LivaNova, open and transparent communication is a core pillar of the compliance culture. This is supported by LivaNova’s Global Speak Up and Non-Retaliation Policy and the Ethics Helpline, a hotline which is available globally, 24/7 and in many languages, through which employees and third-parties may report concerns about potential violations of the Company’s Code, LivaNova’s Third-Party Code of Conduct, policies and procedures, or applicable laws and regulations.
