PeekMed
PeekMed 3rd Sustainability Report is driving positive change. We believe that 'companies’ nonfinancial data is just as important as classical financial data, especially for healthcare organizations.
With that in mind, we have dedicated our efforts to producing a third Sustainability Report, to perform an introspective evaluation of our contributions towards constructing a sustainable future and effecting positive change.
João Pedro Ribeiro, CEO, and co-founder of PeekMed, explains that “This report celebrates our commitment to a conscientious and responsible approach to business development, by reflecting our dedication to sustainability, competitiveness, and innovation.”
"We will continue to consistently update on our advancements and achievements, as we work towards continuously improving our business, contributing to our community, and preserving the planet we all share.”
“I encourage you to explore Peek Health’s activities and discover how we strive to create a positive influence in our surroundings, in the market we operate in, and, hopefully, in the world.” he finishes.
Highlights of PeekMed’s Sustainability Report
In this Sustainability Report, we intend to analyze what PeekMed has improved in terms of Environmental, Social, and Governance (ESG) criteria, how and how much we evolved during the year, and also to establish new goals to guide the company in 2024 and onwards.
As a MedTech company, we seek to establish a trend on an issue of high importance to bring both health and safety to the ecosystem.
Some highlights about where we are now and the path to follow:
1. Environmental: issues in the healthcare industry
Our strategies focus on minimizing the environmental impact of our operations, but we want to help our partners improve their sustainability, too – should it be in the supply chain or on climate impact.
As for the healthcare and orthopedic industry: every year, an estimated average of 6% - 8% of implants are wasted. This hurts companies' budgets but has strong environmental impacts too since these are mostly composed of polyethylene, which is a plastic material.
PeekMed is a medical device software that allows surgeons to perform orthopedic pre-operative planning of surgeries. With a high degree of accuracy and efficiency, our system allows surgeons to be able to predict the size and type of implant and tools that will be used in surgery. Thus, reducing the number of wasted items.
This strategy also contributes to reducing instrument sterilization, as implants have different sizes and need specific instruments. Thus, hospitals do not have to sterilize unnecessary items.
PeekMed is also 100% software-based, and the company does not use packaging material of any sort to perform its business and sales. The cloud-based infrastructure is designed to be ready on-demand and not always on, which means resources are used upon need, staying idle when not in use and therefore being more sustainable.
Inside our doors, we do our best to build a task force on climate and sustainability. Last year, we focused on minimizing energy consumption, optimizing devices, reducing paper use, and regulating air conditioning.
These efforts continue into 2024, alongside our support for remote work, which significantly reduces greenhouse gas emissions. This approach benefits both our team's work-life balance and environmental sustainability.
2. Social: Creating a culture of diversity, equity, and inclusion
PeekMed is building an environment where diversity, equity, and inclusion are prioritized. This mindset has allowed us to create a culture of representation and openness based on equal opportunities and non-discrimination.
Besides, we are fully committed to being a gender-balanced company with PeekMed’s team currently composed of 48 people: 23 women and 25 men. This contradicts the tendency of the tech sector which shows a significant gender gap with women representing only 19% in 2020.
We also invest in recruiting young talent, with an average employee age of 30 and the youngest member at 24, offering many their first job experience and stable contracts. Our commitment to nurturing young talent is also evident through professional internships, where some interns transition to full-time roles.
We are not only focused on hiring the best talent but on maintaining it too. Every member has a personalized development plan, where their continuing education is focused on practical skills, performance, and team needs. In 2023, we achieved approximately 1800 hours of training, which translates into an average of 38 hours per team member.
Finally, PeekMed recognizes the importance of catalyzing community development and has made a consistent effort to sponsor and participate in scientific and educational events, such as seminars and conferences, while also contributing to charitable causes.
3. Governance: ideas across the globe
Strong governance helps to set high standards – should it be corporate, business, or ethical.
We built a Board of Directors that brings a strong combination of executive, business, medical, and technological experience - which aligns with our business and strategy.
The advisory board is composed of members from across the globe who bring different complementary skills and perspectives to the table, allowing us to have their unique points of view.
This mindset is strongly applied to our safety and quality. Our Quality Policy is based on the company’s Mission, Vision, and Values, and it's composed of systematized procedures that ensure high standards of product quality. In 2023, we have become certified by the European Union Medical Device Regulation (MDR).
PeekMed has accumulated extensive experience with regulatory processes, is familiar with the quality assurance protocols, and fosters regular quality assurance meetings to guarantee corrective and preventative actions are taken.
In 2023, Peek Health introduced its Anti-Corruption Policy, emphasizing honesty, transparency, and compliance with national and international laws, with provisions for whistleblowing and disciplinary actions, in alignment with applicable legislation.
At last, PeekMed places great value on its partnerships and networks and is fully committed to working with companies and organizations that share our standards and values, including a respect for human rights, gender equality, and the environment, as well as a commitment to a sustainable future.
PeekMed complete 2023 Sustainability Report is available for consultation. Please let us know if you have any suggestions on how we can improve our ESG policies.
