Title: Volume 31—Medical Equipment & Supplies
Category: Part B—Industry-based Guidance for IFRS S2
Source: IFRS Foundation (https://www.ifrs.org)
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PDF: https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards-issb/english/2023/issued/part-b/ifrs-s2-ibg-volume-31-medical-equipment-and-supplies-part-b.pdf?bypass=on
Year: 2023
Type: Industry
Industry-based Guidance on implementing
Climate-related Disclosures
Volume 31—Medical Equipment & Supplies
June 2023
IFRS S2
IFRS
® Sustainability Disclosure Standard
International Sustainability Standards Board
This Industry-based Guidance accompanies IFRS S2 Climate related Disclosures (published
June 2023; see separate booklet) and is issued by the International Sustainability
Standards Board (ISSB).
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© IFRS Foundation 2023
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IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023
© IFRS Foundation
1
Introduction
This volume is part of the Industry-based Guidance on Implementing IFRS S2 Climate-related
Disclosures. This guidance suggests possible ways to apply some of the disclosure requirements in
IFRS S2 but does not create additional requirements.
This volume suggests possible ways to identify, measure and disclose information about
climate-related risks and opportunities that are associated with particular business
climate-related risks and opportunities that are associated with particular business
models, economic activities and other common features that characterise participation in
this industry.
This industry-based guidance has been derived from Sustainability Accounting Standards
Board (SASB) Standards, which are maintained by the International Sustainability
Standards Board (ISSB). The metric codes used in SASB Standards have been included for
Standards Board (ISSB). The metric codes used in SASB Standards have been included for
ease of reference. For additional context regarding the industry-based guidance contained
in this volume, including structure and terminology, application and illustrative
examples, refer to Section III of the Accompanying Guidance to IFRS S2.
IFRS S2 INDUSTRY-BASED GUIDANCE
2
© IFRS Foundation
Volume 31—Medical Equipment & Supplies
Industry Description
The Medical Equipment & Supplies industry researches, develops and produces medical,
surgical, dental, ophthalmic and veterinary instruments and devices. Hospitals, clinics
and laboratories use these products, which range from disposable items to highly
specialised equipment. The increased prevalence of diseases associated with unhealthy
lifestyles and an ageing population are important factors that may encourage growth in
lifestyles and an ageing population are important factors that may encourage growth in
this industry. Emerging markets and the expansion of health insurance may contribute
to further growth. However, the extension of government insurance programmes,
provider and payer consolidation, and regulatory emphasis on reduced costs in all
markets may result in downward pricing pressure.
Sustainability Disclosure Topics & Metrics
Table 1. Sustainability Disclosure Topics & Metrics
TOPIC
METRIC
CATEGORY
Table 1. Sustainability Disclosure Topics & Metrics
TOPIC
METRIC
CATEGORY
UNIT OF
MEASURE
CODE
Product
Design &
Lifecycle
Management
Discussion of process to assess and
manage environmental and human
health considerations associated with
chemicals in products, and meet
demand for sustainable products
Discussion
and Analysis
n/a
HC-MS-410a.1
Total amount of products accepted for
take-back and reused, recycled or
donated, broken down by: (1) devices
and equipment and (2) supplies
Quantitative
donated, broken down by: (1) devices
and equipment and (2) supplies
Quantitative
Metric tons (t)
HC-MS-410a.2
Table 2. Activity Metrics
ACTIVITY METRIC
CATEGORY
UNIT OF
MEASURE
CODE
Number of units sold by product category
Quantitative
Number
HC-MS-000.A
Product Design & Lifecycle Management
Topic Summary
Medical equipment and supplies entities face increasing challenges associated with the
human and environmental impact of the industry’s products. Entities may face consumer
human and environmental impact of the industry’s products. Entities may face consumer
and regulatory pressure to limit the use of material inputs associated with health
concerns, while also addressing issues such as the energy efficiency and end-of-life
disposal of specific products. Entities that address these concerns while engaging in
efforts to enhance product take-back may satisfy consumer demand and reduce future
liabilities better.
IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023
liabilities better.
IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023
© IFRS Foundation
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Metrics
HC-MS-410a.1. Discussion of process to assess and manage environmental and
human health considerations associated with chemicals in products, and meet
demand for sustainable products
1
The entity shall describe its strategic approach to addressing specific
environmental and human health impacts of its products, including:
1.1
Energy efficiency of products during use
1.2
Disposal of the products
1.3
Material efficiency
1.4
Product packaging
1.5
Toxicity of materials
2
Disposal of the products
1.3
Material efficiency
1.4
Product packaging
1.5
Toxicity of materials
2
The entity shall only describe design considerations that it can determine will
deliver a specific, demonstrable environmental benefit.
2.1
Environmental benefits shall be taken to mean those related to:
2.1.1
Energy consumption
2.1.2
Environmental health
2.1.3
Human health
2.1.4
Waste generation
2.1.5
Water use
3
The entity shall provide an indication of how central the environmental benefit
2.1.5
Water use
3
The entity shall provide an indication of how central the environmental benefit
imparted is to functionality of products.
4
The entity shall make the environmental benefit determination in good faith and
clarify whether the benefit relates to the product, package or service, avoiding a
general statement of environmental benefits and following guidance from
applicable laws and statutes.
5
The entity shall specify during which lifecycle stage(s) it assesses the
5
The entity shall specify during which lifecycle stage(s) it assesses the
environmental impacts associated with its products.
6
The entity shall reference the mechanism through which it implements efforts,
including:
6.1
Use of design protocols
6.2
Procurement policies
6.3
Restricted substances lists (RSLs)
6.4
Certifications
6.5
Product take-back programmes
6.6
Packaging take-back
IFRS S2 INDUSTRY-BASED GUIDANCE
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© IFRS Foundation
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For efforts related to the end-of-life of product management, the entity shall
discuss only design-related considerations.
8
The entity shall disclose the percentage of products, by revenue, for which it has
integrated environmental considerations into the design.
HC-MS-410a.2. Total amount of products accepted for take-back and reused,
recycled or donated, broken down by: (1) devices and equipment and (2) supplies
1
recycled or donated, broken down by: (1) devices and equipment and (2) supplies
1
The entity shall disclose the amount, in metric tons, of its products that it
recovered and reused (refurbished), recycled or donated.
1.1
This figure shall be broken down into: (1) devices and equipment and
(2) supplies.
1.1.1
Devices and equipment include high-value machines and advanced devices.
1.1.2
Supplies include simple supplies and low-cost equipment (for example, scalpels, gloves and thermometers).
1.2
example, scalpels, gloves and thermometers).
1.2
This figure shall exclude products accepted for take-back but ultimately discarded as waste.
1.2.1
The entity may disclose if it reclaimed any products it was unable to reuse or recycle because proper, safe disposal was necessary.
2 The entity shall describe programmes and initiatives it implements, funds or participates in that are related to product take-back for end-of-life management of its products.
participates in that are related to product take-back for end-of-life management of its products.
IFRS S2 CLIMATE-RELATED DISCLOSURES–JUNE 2023© IFRS Foundation 5
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