Elekta, a global leader in precision radiation medicine, employs various Environmental, Social, and Governance (ESG) measurements to assess and report on its sustainability and corporate responsibility efforts. Here are some key types of ESG measurements relevant to Elekta, especially focusing on practical financial implications:

1. Environmental Measurements

• Carbon Footprint Reduction: Tracking greenhouse gas emissions, including Scope 1, 2, and 3 emissions. Elekta aims to minimize its carbon footprint through energy-efficient operations and supply chain management.
• Resource Usage: Measurement of energy, water, and materials consumption, focusing on reducing waste and promoting recycling initiatives.
• Sustainable Sourcing: Evaluating the environmental impact of raw materials used in their products and aiming for sustainable sourcing practices.

2. Social Measurements

• Employee Engagement and Diversity: Metrics on employee satisfaction, diversity, and inclusion initiatives. This includes tracking the representation of various demographics within the workforce and implementing programs that promote equality.
• Community Impact: Assessing the social impact of Elekta’s operations, including contributions to healthcare access, education, and local community programs.
• Patient Safety and Quality: Measurement of product quality, safety incidents, and compliance with healthcare regulations, ensuring that their medical devices enhance patient care.

3. Governance Measurements

• Board Diversity and Structure: Evaluating the composition and diversity of the board of directors, along with governance policies that promote ethical behavior and accountability.
• Risk Management: Assessment of how Elekta manages risks associated with environmental regulations, supply chain disruptions, and product liabilities.
• Transparency and Reporting: Commitment to transparent reporting practices, including regular disclosures on ESG performance and alignment with international standards like the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).

4. Financial Implications

• Cost Savings from Sustainability Initiatives: Measurement of financial benefits derived from energy efficiency and waste reduction initiatives.
• Market Reputation and Brand Value: Evaluating how strong ESG performance enhances Elekta’s brand value and attracts customers, investors, and partnerships.
• Regulatory Compliance Costs: Monitoring expenses related to compliance with environmental and social regulations to avoid penalties and improve operational efficiencies.

5. Stakeholder Engagement

• Feedback Mechanisms: Collecting feedback from stakeholders, including employees, customers, and investors, to assess perceptions of Elekta’s ESG efforts.
• Partnerships and Collaborations: Tracking the impact of partnerships with NGOs, healthcare organizations, and industry peers to enhance social impact and environmental stewardship.

By integrating these ESG measurements into their strategic framework, Elekta aims to create practical financial value while promoting sustainable practices that benefit the environment and society.