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Excellence Rankings 2022
  1. Awards & Rankings
  2. Rankings
September 7, 2022

Rankings: Environmental

The category highlights companies that are undertaking projects that reduce their impact on the natural environment

By Mihail Gyurev

Excellence Rankings 2022

The Excellence Rankings celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognise the people and companies that are driving change.

Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.

What is Environmental?

The Environmental category aims to highlight companies that are undertaking projects that reduce their impact on the natural environment or contribute to its general health. With the effects of climate change becoming ever more obvious, corporations have a responsibility to update and change their practices to prevent further damage being caused.

This category includes any projects that have led or will lead to a significant reduction in a company’s environmental impact and carbon footprint. This can include changes to materials and manufacturing, supply chain reviews; reduction in energy use or switches to renewables; recycling initiatives; and carbon offsetting. The category also includes projects that contribute to the environment such as tree planting schemes and river cleaning.

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Themes

Several key themes have emerged in relation to environmental impact developments in the medical device field during the research period. One clear trend has been that of companies looking at ways to tackle environmental issues through the use of digital platforms aimed at improving sustainability, particularly supply chain sustainability.

Another digital technology that is being explored in the fight against climate change is blockchain, with examples including the use of the technology to track air quality in cities.

Elsewhere certification and the increased drive from companies to achieve independently set standards for ESG (environmental, social, and governance) factors are gaining pace and the research period has seen several medical device companies focusing on achieving ISO 14001 certification in particular.

Industry specific environmental issues are also being tackled. One example is that of ethylene oxide emissions, which has been a problem for the industry for some time now and companies are increasingly taking steps to control their use of the chemical.

Companies are also going further in terms of conducting research into their environmental impact, with one example being an interesting initiative conducted by the American Telemedicine Association, which is forming a task force to gauge the effect of telemedicine on the environment.

Ranking Categories

The companies in this category have been developing decarbonisation strategies as well as ship designs aimed at operating with zero-emissions and emission monitoring and reporting tools.

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