ONWARD Medical Achieves EcoVadis Silver Medal for Sustainability
In an inspiring achievement, ONWARD Medical N.V. has been awarded a silver medal by EcoVadis, recognizing its significant strides in corporate sustainability. This accolade places ONWARD Medical among the top 15% of companies assessed by EcoVadis over the past year, underscoring the company's commitment to environmental and social responsibility.
A Focused Approach to Sustainability
EcoVadis is renowned for providing comprehensive ratings on business sustainability, evaluating companies on over 20 criteria spread across four key themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. With ratings for more than 130,000 companies globally, this recognition exemplifies ONWARD Medical's robust sustainability framework.
Core Sustainable Development Principles
ONWARD Medical has established its sustainability strategy around five fundamental principles that directly support nine of the United Nations Sustainable Development Goals (SDGs). These principles include:
- Minimizing the environmental footprint, aligning with SDGs 12 and 13.
- Innovating for underserved communities, contributing to SDGs 3, 9, and 10.
- Partnering with patient groups to enhance outcomes, supporting SDGs 3, 9, and 10.
- Upholding high ethical standards in all business practices, relating to SDG 16.
- Attracting and retaining top talent, which resonates with SDGs 4, 5, and 8.
CEO's Vision on Sustainability
Dave Marver, the CEO of ONWARD Medical, expressed pride in this recognition, stating, "Earning the EcoVadis silver medal validates our commitment across all critical sustainability measures - from environmental stewardship to ethical labor practices. As we pioneer new treatments for spinal cord injury, we're demonstrating that medical innovation and corporate responsibility can go hand in hand." This reflective statement showcases ONWARD's ethos of interlinking innovative healthcare solutions with responsible business practices.
Continued Commitment to Innovation
ONWARD Medical is not just resting on its laurels; the company remains dedicated to advancing its mission of restoring movement and independence for individuals with spinal cord injuries (SCI). The ongoing work reflects its commitment to integrating sustainable practices into its developmental processes, alongside robust medical innovations.
Comprehensive Annual Sustainability Summary
For stakeholders seeking transparency, ONWARD Medical has made available its Annual Sustainability Summary for the prior year on its website under the Investors section. This documentation provides insights into the company's sustainability initiatives, performance metrics, and future commitments.
Innovative Therapy Solutions
Central to ONWARD Medical's offerings is ARC Therapy, a groundbreaking approach designed to restore functionality and mobility in patients suffering from spinal cord injuries. This innovative therapy stems from over a decade of dedicated research and development, with the methods subjected to rigorous testing in leading hospitals and neuroscience laboratories.
Technological Advancements in SCI Treatment
The ARC Therapy involves precise, programmable spinal cord stimulation and is delivered through either the external ARC-EX or the implantable ARC-IM platforms. Notably, the ARC-BCI platform further combines the technology with brain-computer interfaces to enable thought-driven movement restoration after injury.
Recent results from a pivotal study published in Nature Medicine illustrated the efficacy of non-invasive ARC-EX Therapy in significantly improving upper limb function following SCI. Moreover, ONWARD has initiated regulatory submissions for ARC-EX clearance with the FDA, while concurrently planning submissions in Europe to bring this life-enhancing therapy to more patients.
Global Presence and Forward Plans
Registered on the Euronext with ticker ONWD, ONWARD Medical is strategically headquartered in the Netherlands, with additional operations in Switzerland and the United States. This global presence enables the company to engage with diverse markets and enhance its outreach to patients in need of advanced therapeutic solutions.
Connecting with the Community
As ONWARD Medical continues to drive innovation in the SCI field, it invites stakeholders and community members to learn more about its initiatives by visiting its official website. Connecting on social platforms such as LinkedIn and YouTube further allows individuals to stay updated with the company’s progress and contributions to the healthcare landscape.
Frequently Asked Questions
What recognition did ONWARD Medical achieve recently?
ONWARD Medical received the EcoVadis silver medal, ranking them in the top 15% of companies for sustainability worldwide.
What are the core principles supporting ONWARD Medical's sustainability strategy?
The strategy is based on principles like minimizing environmental impact, innovating for underserved communities, and upholding high ethical standards.
How does ARC Therapy work?
ARC Therapy involves programmable spinal cord stimulation to restore movement and function in patients with spinal cord injuries.
Where can I find ONWARD Medical's sustainability report?
The Annual Sustainability Summary is available on ONWARD Medical's website within the Investors section.
What is ONWARD Medical's stock ticker?
ONWARD Medical is listed on Euronext with the ticker symbol ONWD.
