SUSTAINABILITY
AddLife and sustainability
Below is AddLife’s sustainability report, which describes the business operations and value chain from a sustainability perspective. The report serves as preparation for the implementation of the Corporate Sustainability Reporting Directive (CSRD).
AddLife's business model in relation to sustainability
AddLife’s vision is to improve people's lives by being a leading and value-creating partner in Life Science. AddLife creates value by offering high-quality products and services that enhance healthcare, elderly care, and research. Through the Group’s product and service offerings, AddLife also supports customers in reducing their environmental impact, including reducing packaging material, products with lower carbon footprints, and reuse initiatives.
AddLife’s sustainability work is based on three central factors:
- Employee engagement – AddLife focuses on healthy work environments, competence development, and an inclusive corporate culture.
- Product quality and safety – AddLife’s products are strictly regulated and must meet high safety requirements to ensure a positive impact on people's lives.
- Sustainability in the supply chain – AddLife strives to ensure that the Group’s suppliers meet sustainability requirements and social standards.
AddLife’s value chain
AddLife’s upstream value chain includes raw material extraction, material processing, and component manufacturing. Suppliers extract metals, plastics, and chemicals, which are then processed and assembled into medical devices and laboratory equipment. Manufacturing takes place globally and involves sustainability challenges such as energy-intensive production and chemical use. AddLife has started to work actively with sustainability due diligence to manage social and environmental risks, particularly in the supply chain.
The company’s own operations include logistics, warehousing, distribution, and to some extent, manufacturing, in Europe. Products are stored, redistributed, and delivered to customers, primarily via land transport. When needed, AddLife makes product adaptations and offers technical support and training.
In the downstream value chain, products are used in healthcare, laboratories, and research environments. They are delivered to hospitals, laboratories, and healthcare institutions, where they are used for diagnostics, treatment, and research. AddLife’s product range plays a central role in improving healthcare quality and public health by contributing to more effective treatments and safer diagnoses for patients. At the same time, many of the products generate waste, particularly single-use items, which requires sustainable waste management and material recycling opportunities. Distribution mainly takes place via road transport.
Sustainability strategy
AddLife works with sustainability based on three focus areas:
- Sustainable solutions for health – Offering solutions in Life Science to improve people's lives
- Sustainable culture – Building an entrepreneurial, inclusive, and responsible culture
- Sustainable supply chain – Strengthening sustainable practices within the supply chain
AddLife sees sustainability as a business opportunity and works to create value for both customers and society.
Sustainable solutions for health
AddLife creates competitive advantages by offering high-quality products and value-creating services, combined with environmentally smart solutions. The Group’s role in the value chain, primarily as a distributor, means a close dialogue with many local customers and collaboration with leading global suppliers. This is a unique opportunity to support a sustainable transition together with the Group’s partners and develop solutions that can also positively impact business operations. AddLife encourages innovative and smart solutions to always stay at the forefront, and AddLife also reviews existing products and services to identify where improvements can be made in material consumption, packaging, transportation, and reuse opportunities.
During 2024, AddLife began developing the Group’s climate strategy, which will be finalized and implemented in 2025. As part of the strategy, AddLife will establish new targets with the ambition of getting them validated by the Science-Based Targets initiative when the new net-zero standard is published. For more information on AddLife’s new climate strategy, as well as how the Group is performing against the current climate goal, see the section Climate Change.
AddLife offers Life Science solutions that improve people's lives by:
- Providing products and services that improve human health and well-being and facilitate research in Life Sciences
- Creating competitive advantages through high-quality products and value-adding services, coupled with climate-smart and circular solutions
- Working together on sustainable offerings aimed at benefitting research, healthcare systems, healthcare professionals, care providers, patients and users
TARGET: Reduce the intensity of emissions in scope 1 and scope 2 per SEK million sales by 25 percent by 2025, using 2021 as the base year.
Sustainable culture
AddLife’s employees' engagement is key to the Group’s success. AddLife strives to create an inclusive organization for its talented and engaged colleagues, characterized by diversity. To achieve this, the Group focuses on issues related to employee satisfaction, diversity, and inclusion. AddLife is proud of its corporate culture and takes responsibility for how it conducts business. During 2025, AddLife will further develop the Group’s strategy for employee well-being and inclusion. AddLife will develop better guidance and tools to support its subsidiaries in this work. For more information, see the sections Own Workforce and Corporate Governance.
AddLife builds an entrepreneurial, inclusive and responsible culture by:
- Supporting the professional development of our employees through training, knowledge sharing and growth opportunities
- Creating a diverse, inclusive and entrepreneurial organisation that ensures the well-being of our employees
- Running our business responsibly with integrity and transparency
TARGET: 40/60 percent gender balanced representation at all levels of management by 2027.
Sustainable supply chain
AddLife is committed to environmental and social issues throughout the supply chain. This work involves evaluating, communicating with, and influencing AddLife’s suppliers, as well as identifying new market-leading alternatives. AddLife’s role in the value chain provides the Group with an opportunity to develop solutions together with its partners to take responsibility for the Group’s overall impact. Each individual subsidiary is responsible for selecting suppliers and evaluating new and existing ones, a continuous process where one selection criterion is that suppliers respect the UN Global Compact’s principles.
During 2024, AddLife began developing the Group’s sustainability due diligence process with a focus on human rights in the supply chain. As part of the strategy, AddLife will establish long-term sustainability goals for the supply chain in 2025 and begin implementation within the Group. For more information, see the section Workers in the Value Chain.
AddLife wants to strengthen its sustainability efforts in the supply chain by:
- Cooperating with our suppliers to reduce the climate footprint of our products
- Respecting human and labour rights, protecting the environment and fighting corruption in our supply chain together with our suppliers
- Supporting our customers in developing new procurement models to ensure a sustainable supply chain
TARGET: Evaluate 90 percent of our new suppliers from a sustainability perspective in 2024.
Implementation of our sustainability strategy
During 2024, AddLife has taken important steps to operationalize the Group’s sustainability strategy. The focus is now on:
- Integrating sustainability into the operations of subsidiaries through operational goals and actions.
- Utilizing data and monitoring to ensure that AddLife’s sustainability goals are achieved
- Strengthening customer and supplier relationships through joint sustainability initiatives
By systematically integrating sustainability throughout the business, AddLife creates long-term value for customers, investors, and society.
BIOMEDICA MEDIZINPRODUKTE RECEIVED ISO 37001Biomedica Medizinprodukte received an ISO37001 – Anti-Bribery Management System certification by QualityAustria
This milestone is a testament to our unwavering commitment to EthicalBusiness practices, transparency, and accountability. By implementing the rigorous standards of ISO37001, we reinforce a culture of integrity and ensure robust safeguards against bribery and corruption across all operations.