Our focus on sustainability
Sustainability is a central part of AddLife's vision to improve people's life by being a leading, value-creating player in Life Sciences.
Rising healthcare needs and costs for a growing and ageing population will drive a change in healthcare. Interconnected devices, advances in data-analytics and AI will support the transition from acute treatment to support lifelong well-being and early diagnostics. Transparency on human rights, labor rights and business ethics of suppliers and business partners is increasingly baseline criteria for some of our stakeholders. Meanwhile, all sectors in society must contribute to tackling the challenge of climate change and resource scarcity.
AddLife aims to be flexible and agile to meet these changing expectations and keep delivering on our vision. The organisation is decentralised and entrepreneurial, which is an essential part of our culture.
In 2021 we conducted a new materiality assessment to better understand the sustainability topics that influence our ability to create lasting value for customers, employees, investors, suppliers and society at large For more information, see Materiality assessment
Several topics have evolved since the 2017 materiality assessment, and now a shift of expectations is foreseen with more focus on environmental impact. The materiality assessment also shows that AddLife and the stakeholders are more aligned regarding the prioritised topics. The assessment not only informs the topics addressed in this sustainability report, but it will also be the backbone for our plan to integrate sustainability more deeply in our business, including setting targets and KPIs that will be announced in 2022.
SUSTAINABILITY REPORT 2021
AddLife has prepared a sustainability report for the 2021 financial year that covers the parent company AddLife AB (publ) company ID no. 556995-8126 and its 100 subsidiaries. The board of directors approved the sustainability report at the same time that it signed the 2021 annual report. No standard template for sustainability reporting has been applied in full. The purpose of the sustainability report is to provide an overarching description of AddLife’s business from the perspective of sustainability and to inform about the sustainability aspects that are necessary to understand the company’s development, position, and performance, as well as the consequences of its operations. AddLife’s sustainability report is integrated in part into the annual report. AddLife’s business model and Strategy for sustainable growth for sustainable growth can be found on pages 6-10 in the printed annual report. Pages 6-10 and 25-38 comprise AddLife's statutory sustainability report.