How do you deliver better care to more people but at a lower cost? Today, healthcare accounts for around 11–19*% of Western GDP and most analysts believe it will rise further. By using Mentice products, healthcare providers and the medical device industry can effectively acquire, maintain and share knowledge about new and innovative procedures and therapies while ensuring that each intervention is performed in the best possible way. Ultimately, everyone benefits from successful implementation of medical treatments. A satisfied patient who does not need to re-enter treatment improves quality of life and reduces rehabilitation costs. Healthcare providers can save time when using expensive equipment and reduce uses consumables such as catheters and the like.
Mentice way forward
In the strong development phase that has characterized the business in Mentice in recent years, work on product development, customer care and strategic collaborations has been a top priority.
The business and business strategy built up is based on Mentice being both long-term and sustainable. Such as earnings, environmental characteristics and issues related to the company’s governance and management.
For the board and management of Mentice, it goes without saying that issues related to sustainability are very important, which is why work has begun in recent years to future-proof the company’s sustainability work. This has resulted in a sustainability framework consisting of four pillars: Health, People, Climate Impact and Responsible Business. The choice of these areas is based on their importance for society as a whole. They are also chosen based on our ability to influence and thereby create improvements that can contribute to an improved situation within the framework of our business.
To learn about Mentice's sustainability focus areas, please refer to the 2023 Annual Report.
Mentice develops and sells systems for medical simulation, mainly in endovascular procedures and equipment for operating theatres and training centers. This means that the majority of the company’s products contribute directly or indirectly to public health.
Product quality is important to ensure patient well-being. Regulatory compliance for all products is a requirement in the highly regulated healthcare industry as well as the medical technology industry.
MENTICE COMMITMENT
Work in the coming years
2023 - For the fiscal year 2023, a compilation of CO2 emissions Scope 1 and 2 is presented for the first time as a consequence of internal system support being acquired to collect, categorize and report data from sources that have a high degree of detail and are therefore credible.
2024 - In 2024, a sustainability strategy will be developed based on a methodological work that includes current situation analysis, stakeholder analysis and double materiality analysis. The work will be carried out through several workshops, both internally and together with key stakeholders. The goal is for the Board to establish a long-term sustainability strategy with global sustainability goals and, as far as possible, company-specific sustainability goals/KPIs, with suggestions for activities and how to implement it.
2025 - Present a strategy that results in climate neutral operations.
2026 - Reporting sustainability according to the Corporate Sustainability Reporting Directive
Mentice is committed to integrating sustainability into all aspects of our business. We know that it is a journey and that it takes perseverance and commitment. By continuing to work according to our sustainability framework, we strive to create a more sustainable future for our company, our stakeholders and society at large.
