Getinge AB

In addition, the Board established a new preparatory committee in 2023 (the Ethics and Sustainability Committee). [...] The Committee was established to ensure that the Board of Directors prepares, with the necessary focus, strategic issues regarding the company's work on environmental, social and governance issues, including those areas defined by Getinge as critical to sustainable development. The Committee provides the Board of Directors with additional opportunities to more closely monitor the implementation of an effective Ethics & Compliance program and monitor the efforts of the Quality Compliance, Regulatory & Medical Affairs function and the governance of sustainability-related areas. [...] The global Ethics and Compliance team has overall responsibility for ensuring that ethics and compliance programs are adequately designed, that implementation support is provided to the organization, and that implementation is monitored and reported to the Ethics and Sustainability Committee at least once every quarter. Reports on incidents are also discussed by the Audit and Risk Committee at least once quarterly. The Board receives an update on ethics and compliance, including an update on the company's risk profile, trends and implementation of the Ethics and Compliance Program, at least once a year.

The Board of Directors receives an Ethics and Compliance update, including an update on company risk profile, trends, and ethics and compliance program implementation, at least once a year. [...] The global Ethics & Compliance team has the overall responsibility for ensuring that the Ethics & Compliance programs are adequately designed, that implementation support is provided to the organization, and that the implementation is followed up and reported to the Board of Directors and Getinge's Audit and Risk Committee. [...] The Ethics Committee meets at least five times a year, prior to each Audit and Risk Committee meeting, and on a needs basis. [...] The Audit and Risk Committee follows the work of the Ethics & Compliance function, internal investigations and whistleblower cases and has overall responsibility for monitoring the implementation of an effective compliance program.

The Committee provides the Board of Directors with additional opportunities to more closely monitor the implementation of an effective Ethics & Compliance program and monitor the efforts of the Quality Compliance, Regulatory & Medical Affairs function and the governance of sustainability-related areas. [...] The ultimate responsibility for the work of the Ethics & Compliance function lies with the EVP Sustainability, Legal & Compliance. The function is responsible for the global Ethics & Compliance program, sets standards and processes, and monitors the use and implementation of these. The function also manages the Group's Speak Up Line (whistleblower function) and performs risk assessments and internal investigations. Internal investigations and whistleblowing cases are reported to the Audit and Risk Committee, other work is reported to the Ethics and Sustainability Committee. An update is also presented to the Board in its entirety once a year.

The ultimate responsibility for the work of the Ethics & Compliance function lies with the EVP Sustainability, Legal & Compliance. The function is responsible for the global Ethics & Compliance program, sets standards and processes, and monitors the use and implementation of these. The function also manages the Group's Speak Up Line (whistleblower function) and performs risk assessments and internal investigations. Internal investigations and whistleblowing cases are reported to the Audit and Risk Committee, other work is reported to the Ethics and Sustainability Committee. An update is also presented to the Board in its entirety once a year.

In addition, the Board established a new preparatory committee in 2023 (the Ethics and Sustainability Committee). [...] The Committee was established to ensure that the Board of Directors prepares, with the necessary focus, strategic issues regarding the company's work on environmental, social and governance issues, including those areas defined by Getinge as critical to sustainable development. The Committee provides the Board of Directors with additional opportunities to more closely monitor the implementation of an effective Ethics & Compliance program and monitor the efforts of the Quality Compliance, Regulatory & Medical Affairs function and the governance of sustainability-related areas. [...] The global Ethics and Compliance team has overall responsibility for ensuring that ethics and compliance programs are adequately designed, that implementation support is provided to the organization, and that implementation is monitored and reported to the Ethics and Sustainability Committee at least once every quarter. Reports on incidents are also discussed by the Audit and Risk Committee at least once quarterly. The Board receives an update on ethics and compliance, including an update on the company's risk profile, trends and implementation of the Ethics and Compliance Program, at least once a year.

The Board of Directors receives an Ethics and Compliance update, including an update on company risk profile, trends, and ethics and compliance program implementation, at least once a year. [...] The global Ethics & Compliance team has the overall responsibility for ensuring that the Ethics & Compliance programs are adequately designed, that implementation support is provided to the organization, and that the implementation is followed up and reported to the Board of Directors and Getinge's Audit and Risk Committee. [...] The overall governing body for the Internal Investigations is the Ethics Committee, which is a subset to the Getinge Executive Team. The Ethics Committee meets at least five times a year, prior to each Audit and Risk Committee meeting, and on a needs basis.

The Ethics and Sustainability Committee, established in 2023 by the Board of Directors, works with ensuring a more in-depth follow up on the strategic integration of sustainability, including quaility, and prepares policies, actions and targets, for decisions to be made by the Board of Directors. Additionally, as delegated by the Audit and Risk Committee, the Committee monitors reported sustainability information in both quarterly reports and the annual report and follows up on the auditor's review of the yearly sustainability report. In 2024, the Ethics and Sustainability Committee received training in the material area \"Consumer protection\", i.e. product safety and quality, conducted by an external party. [...] The Audit and Risk Committee is ultimately responsible for preparing the sustainability reporting and internal controls over sustainability reporting.

The Ethics and Sustainability Committee, established in 2023 by the Board of Directors, works with ensuring a more in-depth follow up on the strategic integration of sustainability, including quaility, and prepares policies, actions and targets, for decisions to be made by the Board of Directors. Additionally, as delegated by the Audit and Risk Committee, the Committee monitors reported sustainability information in both quarterly reports and the annual report and follows up on the auditor's review of the yearly sustainability report. In 2024, the Ethics and Sustainability Committee received training in the material area 'Consumer protection', i.e. product safety and quality, conducted by an external party. [...] The Audit and Risk Committee is ultimately responsible for preparing the sustainability reporting and internal controls over sustainability reporting. [...] Getinge uses a risk-based methodology in implementing its ethics and compliance programs and concentrates its efforts on high-risk areas. One of the high-risk areas is the interaction with healthcare professionals and participation in public procurement. Getinge has developed a formal protocol for conducting risk assessments and uses forensic expertise when necessary. The risk assessment process includes an evaluation of various criteria and risk factors such as those related to location, business activity, third-party interactions, products or services, internal control and audit outcomes. [...] Regional risk assessments have been conducted, encompassing a thorough review of country risk analysis, past audits, investigation findings, and risk assessments from site visits and stakeholder interviews. Findings indicate that a continued focus is necessary on interactions with healthcare professionals and organizations. As a major mitigation step taken over the past year, a Global Educational Grants portal was launched, along with a tool to register all interactions with healthcare professionals and organizations. In response to these findings, a detailed plan at each regional level has been developed to advance the implementation of identified mitigation actions. This includes updating relevant policies and delivering training on third-party management and monitoring practices. [...] Training and communication are essential components of Getinge's global ethics and compliance programs. The programs includes targeted training for Anti-bribery and corruption at all levels of the company, including employees, the Board and all members of the Getinge Executive Team. The global Ethics and Compliance team monitors all training to ensure that all employees receive relevant training at least once a year. [...] The company has an ethics ambassador program with around 70 Ethics Ambassadors globally promoting business ethics and Responsible Leadership. The ethics ambassador program is a key initiative with the aim of spreading knowledge and supporting the organization in business ethics and compliance including Anti-Bribery and Corruption.