Annual report 2023

Sustainability strategy and impact

Our strategy, long-standing commitments and ambitious targets are reflected in a comprehensive and pragmatic framework:

At medmix we recognize our responsibility regarding our impact on the environment and society, both within the company and in the various communities where we operate. Our goal is to further strengthen our sustainability efforts and promote competitiveness and innovation. We work to minimize adverse impacts and maximize benefits, future-proof our growth and invest in building capabilities within our organization to adapt to the changing regulatory landscape.

People

As an aspiring employer of choice, we enable an inclusive workforce, develop impactful development opportunities, and support employee engagement through an open and empowering culture.

We work to support our communities and our employees, whose safety is a key priority. We promote a safe and healthy work environment and are committed to eliminating hazards, reducing occupational health and safety risks for everyone present at our sites.

Planet

At medmix, we recognize the importance of taking a science-based approach to the reduction of our greenhouse gases to meet the goals of the Paris Agreement in limiting global warming to well-below 2°C above pre-industrial levels, and to pursue efforts to limit global warming to 1.5°C.

We have a responsibility to act in tackling climate change, reducing pollution and waste, and being a good water steward to ensure a sustainable future for our planet.

Profit

We recognize that our responsibilities are not limited to delivering strong financial results. We proactively direct our resources towards innovations that contribute to more sustainable solutions. medmix is committed to preventing corruption and has a zero-tolerance policy towards corrupt practices.

Commitments and progress

In 2023, medmix was accepted into the United Nations Global Compact (UNGC) and became a member of the UNGC Switzerland and Liechtenstein local network. We made its principles part of our strategy, and we support the Sustainable Development Goals (SDGs) and act to help achieve them.

We completed our materiality assessment and reviewed our actions and progress. Below are a few of the important milestones towards addressing our material issues - our progress is on track:

People
  • Promotion of inclusion, with an initial focus on diversity
  • Improvement in human rights risk management
  • Improvement in safety and health risk identification and control
  • Learning and growth opportunities for employees
Planet
  • 30% reduction in Scope 1, 2 and partial 3 CO2emissions1 by 2025
  • 50% reduction in Scope 1, 2 and 3 CO2e emissions by 2030
  • Net zero CO2e emissions by 2050
  • 100% low carbon purchased electricity by 2025
  • Zero waste to landfill by 2025
Profit
  • Increase sales of sustainable2 products, making 15 available during 2023
  • CDP Climate Change “C” Assessment by 2025
  • EcoVadis Gold rating of all manufacturing sites by 2025

1 Scope 1, Scope 2, and partial Scope 3 (fuel and energy related activities + business travel)

2 Minimum 30% reduction in CO2e cradle-to-gate compared to standard product.