GlobalData offers a comprehensive analysis of IRhythm, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on IRhythm’s ESG performance. GlobalData’s company profile on IRhythm offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
iRhythm, a healthcare technology company, has committed to reducing its greenhouse gas (GHG) emissions and achieving climate change targets. iRhytem's latest filings mentioned the keywords 'Emissions' and 'Recycling' most number of times in relation to 'Climate Change'.
The company has already conducted an inventory of its emissions in 2022, with scope 1 emissions reported at 67.07 mtCO2e and scope 2 locationbased emissions at 541.03 mtCO2e respectively. iRhythm plans to expand its collection to Scope 3 emissions and provide year-over-year comparisons. The healthcare sector in the United States is a major contributor to greenhouse gas emissions, accounting for at least 8.5% of U.S. greenhouse gas emissions.
To reduce its environmental impact, iRhythm has taken steps to promote circularity in its products, including recycling 48% of the components in its returned monitors by weight. The company also partners with third parties to recycle batteries and printed circuit boards. iRhythm seeks to establish recycling and circularity policies covering its products and is identifying further opportunities to incorporate circularity measures into its operations. The company's Climate and Environmental Sustainability Working Group is responsible for advancing climate change workstreams, and the Board's Nominating and Corporate Governance Committee has ultimate oversight of the company's approach to environmental matters, including climate change.
iRhythm recognizes that while its greenhouse gas emissions are modest, it needs to take steps to support the resilience of its business in the face of a changing climate and the transition to a low-carbon economy. The company has already reduced the size of its monitors to reduce the amount of materials used per device. In the coming years, iRhythm plans to open an additional intake site for its products, which may reduce the average distance that each monitor is shipped, with the potential indirect effect of reducing its downstream transportation- and distribution-related Scope 3 GHG emissions per monitor.
In conclusion, iRhythm is committed to measuring, tracking, and reducing its greenhouse gas emissions. The company has taken steps to promote circularity in its products and is identifying further opportunities to incorporate circularity measures into its operations.
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