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ONWARD Medical: A Beacon of Sustainability in Healthcare

Eli GrantThursday, Dec 12, 2024 1:40 am ET
5min read


ONWARD Medical N.V. (Euronext: ONWD), a medical technology company specializing in innovative spinal cord stimulation therapies, has been recognized for its commitment to sustainability. The company recently earned a silver medal from EcoVadis, placing it in the top 15% of companies assessed globally for corporate sustainability. This achievement highlights ONWARD Medical's dedication to integrating responsible and sustainable practices into its business operations.

ONWARD Medical's sustainability strategy is centered on five core principles that support nine United Nations Sustainable Development Goals (SDGs). By focusing on minimizing its environmental footprint, innovating for the underserved, partnering with patient groups, maintaining high ethical standards, and attracting and retaining top talent, the company demonstrates a strong commitment to sustainable business practices.



Minimizing environmental footprint (SDGs 12 and 13) is a key aspect of ONWARD Medical's sustainability strategy. The company is dedicated to reducing its carbon footprint and waste, implementing energy-efficient practices, and promoting responsible sourcing. These efforts contribute to a lower environmental impact and align with the global sustainability agenda.

Innovating for the underserved (SDGs 3, 9, and 10) is another critical component of ONWARD Medical's approach. The company is committed to developing affordable and accessible therapies for people with spinal cord injury (SCI) and movement disabilities. Its ARC Therapy, which has received ten Breakthrough Device Designations from the US FDA, is designed to be cost-effective and widely available. This focus on addressing unmet needs helps improve the quality of life for individuals with SCI and promotes health and well-being (SDG 3), while also fostering innovation and contributing to the development of new industries and infrastructure (SDG 9).

Partnering with patient groups (SDGs 3, 9, and 10) is another key initiative for ONWARD Medical. The company actively collaborates with patient groups to understand their needs and develop solutions that improve their quality of life. This patient-centric approach ensures that the company's innovations address real-world challenges faced by individuals with SCI, promoting social inclusion and reducing health disparities (SDG 10).

Maintaining high ethical standards (SDG 16) is a crucial aspect of ONWARD Medical's commitment to sustainability. The company upholds strong ethical principles in its operations, ensuring transparency, accountability, and fairness in its business practices. This commitment to ethical conduct is reflected in its high EcoVadis rating.

Attracting and retaining top talent (SDGs 4, 5, and 8) is another important aspect of ONWARD Medical's sustainability strategy. The company fosters a diverse and inclusive work environment that promotes professional growth and development. By investing in its employees, ONWARD Medical ensures that it can attract and retain the best talent in the industry, driving innovation and sustainability.



ONWARD Medical's commitment to sustainability is evident in its patient-centric initiatives, which have contributed to its top 15% global ranking by EcoVadis. The company's dedication to integrating responsible and sustainable practices into its operations demonstrates a long-term commitment to environmental stewardship and social responsibility.

As ONWARD Medical continues to innovate and grow, its focus on sustainability will remain a critical aspect of its business strategy. By prioritizing environmental stewardship, ethical conduct, and patient-centric initiatives, the company is well-positioned to maintain its leadership in corporate sustainability and make a positive impact on the lives of people with SCI and movement disabilities.

In conclusion, ONWARD Medical's recognition as a top 15% performer in corporate sustainability by EcoVadis is a testament to the company's commitment to integrating responsible and sustainable practices into its business operations. By focusing on minimizing its environmental footprint, innovating for the underserved, partnering with patient groups, maintaining high ethical standards, and attracting and retaining top talent, ONWARD Medical demonstrates a strong commitment to sustainable business practices and a positive impact on the lives of people with SCI and movement disabilities.
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