Our ESG Management
Sustainability Through Leadership
As a leading global provider of key technology solutions in medical and advanced industrial end markets, we link technical and economic progress with environmental, social, and governance responsibilities for the well-being of future generations and for achieving our business goals now and in the future.
This is not just because it is the right thing to do, but we also view sustainability as central to our growth. Therefore, the responsibility for managing and making decisions on these topics has been placed with our senior-most leaders, the Novanta Leadership Team, under the oversight of our Board of Directors. It extends throughout our organization to department heads and others. In fact, individuals throughout Novanta are encouraged and empowered to institute new sustainability initiatives and speak out when they see room for improvement.
The oversight of our ESG topics rests with our highest governance body, our Board of Directors (the “Board”). As of December 31, 2021, our Board of Directors consisted of nine members, including our Chairperson and CEO, Matthijs Glastra. Our Board of Directors monitors and oversees the Company’s Sustainability program through its Environmental, Social and Governance Committee (the “ESG Committee”).
Board ESG Committee
Within the Board, ESG issues are overseen by the ESG Committee, which meets at least once a year and is comprised of three independent Board members. The ESG Committee reviews and reports to the full Board on Novanta’s policies and programs relating to environmental, health, safety, diversity, equity, and inclusion, and governance matters.
ESG Committee Responsibilities
ESG Committee Responsibilities
Novanta Leadership Team
The Novanta Leadership Team, including the Named Executive Officers, is responsible for Novanta’s ESG strategy, goals, compliance programs, and management of risks and opportunities. The Novanta Leadership Team manages day-to-day assessment and decision-making around Novanta’s risks and opportunities with a focus on our most significant risks. Our Board of Directors and Board committees oversee and guide these efforts. These risks include, but are not limited to, cybersecurity, product quality and safety, effect of economic and political environment and government regulations on our businesses, data privacy, protection of intellectual property, supply chain disruptions, business acquisitions, anti-bribery and anti-corruption, natural resources, waste and toxicity, climate-related risks and opportunities, labor, health and safety, and human rights.
Sustainability & Environmental Health and Safety (EHS) Committee
Novanta’s Sustainability and EHS Committee is composed of key business leaders, who meet at least quarterly. The committee is responsible for the development and definition of sustainability and EHS strategy and goals, establishing the tone, importance, and prioritization for quality, sustainability, and employee health and safety programs, and creating a “One Novanta” response to sustainability and EHS requirements and audits. The committee recognizes and takes into consideration the importance of engaging with key stakeholders.
The Sustainability department controls the company-wide sustainability management system, which is outlined in a comprehensive framework based on the Sustainability Policy. It serves as our commitment to a culture of continuous improvement and the highest standards. The sustainability strategy identifies the key areas of our activities. From this, we derive corresponding action plans, initiatives, reporting obligations, and company-wide goals. All relevant employees receive appropriate training to familiarize them with key topics and to provide them with any necessary expertise.
Across Novanta, employees can volunteer to become a Sustainability Ambassador and take the lead on initiating, continuing, and deepening sustainability initiatives at the local site-level. Across Novanta’s major locations, we have Sustainability Ambassadors working on the ground to improve the sustainability of our offices and facilities.