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Contact Us Convatec.com Argentina Argentina Belize Belize Brasil Brasil Canada (English) Canada (English) Canada (Français) Canada (Français) Chile Chile Colombia Colombia Costa Rica Costa Rica Curaçao Curaçao El Salvador El Salvador Ecuador Ecuador Guatemala Guatemala Guyana Guyana Honduras Honduras Jamaica Jamaica México México Nicaragua Nicaragua Panamá Panamá Perú Perú Puerto Rico Puerto Rico República Dominicana República Dominicana Suriname Suriname Venezuela Venezuela United States (English) United States (English) België België Bosna i Hercegovina Bosna i Hercegovina Česko Česko Danmark Danmark Deutschland Deutschland Eesti Eesti España España France France Hrvatska Hrvatska Ireland Ireland Ísland Ísland Italia Italia Latvija Latvija Lietuva Lietuva Magyarország Magyarország Malta Malta Nederland Nederland Norge Norge Polska Polska Portugal Portugal România România Schweiz (Deutsch) Schweiz (Deutsch) Suisse (Français) Suisse (Français) Slovenija Slovenija Slovensko Slovensko Srbija Srbija Suomi Suomi Sverige Sverige Türkiye Türkiye United Kingdom United Kingdom Österreich Österreich Ελλάδα Ελλάδα България България Македонија Македонија Россия Россия Україна Україна South-Africa South-Africa ישראל ישראל الأردن الأردن الإمارات العربية المتحدة الإمارات العربية المتحدة البحرين البحرين المملكة العربية السعودية المملكة العربية السعودية ایران ایران پاکستان پاکستان عُمان عُمان قطر قطر لبنان لبنان مصر مصر العراق العراق الكويت الكويت Australia Australia Hong Kong SAR Hong Kong SAR 中国香港 中国香港 India India Indonesia Indonesia Malaysia Malaysia New Zealand New Zealand Philippines Philippines Singapore Singapore Việt Nam Việt Nam ไทย ไทย 대한민국 대한민국 中国 中国 中国台湾 中国台湾 日本 日本
False /oidc-signin/en-us/ Contact Us Convatec.com Argentina Argentina Belize Belize Brasil Brasil Canada (English) Canada (English) Canada (Français) Canada (Français) Chile Chile Colombia Colombia Costa Rica Costa Rica Curaçao Curaçao El Salvador El Salvador Ecuador Ecuador Guatemala Guatemala Guyana Guyana Honduras Honduras Jamaica Jamaica México México Nicaragua Nicaragua Panamá Panamá Perú Perú Puerto Rico Puerto Rico República Dominicana República Dominicana Suriname Suriname Venezuela Venezuela United States (English) United States (English) België België Bosna i Hercegovina Bosna i Hercegovina Česko Česko Danmark Danmark Deutschland Deutschland Eesti Eesti España España France France Hrvatska Hrvatska Ireland Ireland Ísland Ísland Italia Italia Latvija Latvija Lietuva Lietuva Magyarország Magyarország Malta Malta Nederland Nederland Norge Norge Polska Polska Portugal Portugal România România Schweiz (Deutsch) Schweiz (Deutsch) Suisse (Français) Suisse (Français) Slovenija Slovenija Slovensko Slovensko Srbija Srbija Suomi Suomi Sverige Sverige Türkiye Türkiye United Kingdom United Kingdom Österreich Österreich Ελλάδα Ελλάδα България България Македонија Македонија Россия Россия Україна Україна South-Africa South-Africa ישראל ישראל الأردن الأردن الإمارات العربية المتحدة الإمارات العربية المتحدة البحرين البحرين المملكة العربية السعودية المملكة العربية السعودية ایران ایران پاکستان پاکستان عُمان عُمان قطر قطر لبنان لبنان مصر مصر العراق العراق الكويت الكويت Australia Australia Hong Kong SAR Hong Kong SAR 中国香港 中国香港 India India Indonesia Indonesia Malaysia Malaysia New Zealand New Zealand Philippines Philippines Singapore Singapore Việt Nam Việt Nam ไทย ไทย 대한민국 대한민국 中国 中国 中国台湾 中国台湾 日本 日本
Supporting communities​ ;

Supporting communities​

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“Doing the right thing is one of our values. It’s at the heart of our vision to pioneer trusted medical solutions that improve the lives we touch – but it also extends beyond our products. We recognise our responsibility to the communities in which we operate and strive to increase our positive contribution to society in everything we do.”

Emma Rose, EVP, Chief People Officer​

 

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Our approach

We recognise that healthcare products are only one part of improving lives. And we know that when it comes to protecting the environment and improving community wellbeing, we are all in this together. Building trust within and between communities is important to Convatec, and so we measure our community engagement through:

  • Our socio-economic contribution
  • Our community investment programme
  • Grants for education and research

Our targets & commitments

In 2023, we began a 3-year partnership with Partners In Health to explore innovative methods for recruiting, training and deploying over 1,000 Community Health Workers (CHWs) and enhance treatment of chronic conditions. In the same year, we set the following targets to expand the reach and impact of our communities and education programmes.

  • Reach more than 1 million lives through medical education and community partnerships by 2025
  • Contribute +$2million to our community partners by end 2025
  • Enhance the impact of our global medical education platform during 2024
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Community investment

With inspiration from the field of impact investing, our approach to communities focuses on three areas where we believe we are best positioned to move the needle:

  1. Access to healthcare and tackling health inequities
  2. Education
  3. Disaster relief

In addition to our commitments to partnerships that may involve product and monetary donations in the above areas, we also encourage our employees to take up to two days annually to volunteer in their local communities.

Tackling health inequities​

We believe that in line with our forever caring promise, we must work to close the care gap. We also recognise that the shifting nature of the healthcare industry means that often times care happens in the home. 

In March 2023, we announced a partnership with Partners In Health, an international NGO that works to build equitable health systems in communities most in need. This health innovation partnership will initially focus on enhancing care for underserved communities in Mexico, Peru and the United States, improving 250,000 lives as a result.

The partnership will enable PIH to explore innovative methods for training and deploying over 1,000 Community Health Workers (CHWs) to enhance management of chronic conditions. Living in the communities where they work, Community Health Workers are trusted neighbours who are able to provide high-quality health services, including home visits. Convatec will support the partnership with a $2 million commitment to PIH, as well as additional support through product donation and in-kind support such as trainings and consultations. This will help PIH evaluate the impact of its interventions, identifying insights to strengthen CHW models and support wider implementation of them. Read more about the partnership here

Disaster relief

Due to our operational presence in Eastern Europe, we mobilised a +$2 million response since 2022 to help those affected by the war in Ukraine. This included a monetary donation to the Disaster Emergency Committee UK, and product donations from across our portfolio to the Polish Red Cross and Ukraine-Slovakia SOS. We believe communities must come together in times of disaster, which is why we also supported relief in the aftermath of the earthquakes in Turkey and Syria in 2023 and the earthquake in Japan in 2024.

Education

In celebration of 25 years of our Hydrofiber® dressing AQUACEL™, we pledged $250,000 to fund medical education in partnership with the Welsh Wound Innovation Centre (WWIC). Throughout 2022, WWIC hosted four courses, in a four-day online format, covering topics including wound assessment, pressure ulcers/injuries and hard-to-heal wounds. WWIC have educated over 631 delegates from 12 countries, exceeding our original goals for the programme.

Having operated in Wales since 1982, Convatec’s operations now bring more than 800 jobs to Wales across three locations. More information can be found here.

Socio-economic contribution

Through running our business, we aim to make a socio-economic contribution to society. This contribution is important to a range of stakeholders.
  2023 $m 2022
$m
2021
$m
2020
$m
2019
$m
2018
$m
2017
$m
Direct Economic Value Generated 2,142.4 2,072.5 2,038.3 1,910.8 1,827.2 1,832.1 1,764.6
Economic value distributed              
Operating costs 1 937.1 990.4 962.3 891.7 890.0 895.4 857.1
Employee wages and benefits  701.3 648.5 650.1 579.7 515.0 473.2 472.7
Payments to providers of capital 2 223.2 312.8 262.7 254.0 351.2 335.2 131.6
Payments to governments 3 61.2 45.7 47.6 56.3 38.2 45.9 49.1
Community investment4 1.3 0.7 1.5 0.7 0.5 0.4 0.2
Economic value retained 218.3 74.4 114.1 128.4 32.3 82.0 253.9

1. Operating costs exclude depreciation, amortisation, impairment charges, asset write-offs and operating taxes. Employee wages and benefits, payments to governments and community investments are normally part of operating costs, but have been excluded as they appear on separate lines in the table.
2. Payments to providers of capital have been included on an accruals basis and include interest paid on long-term debt, capital and interest payments on right of use assets, net debt repayment, dividends and own share reserve purchase paid to Convatec shareholders.
3. Payments to governments include corporate income taxes, sales taxes, real estate taxes and other taxes, but exclude employer portion of payroll taxes, as they are included in employee wages and benefits.
4. Calculated as costs associated with charitable community donations. Excludes product donations.

 

We are fully committed to meeting our legal tax obligations in each of the countries in which we operate. We fully support and embrace greater transparency with tax authorities and the initiatives being introduced by the Organisation for Economic Co-operation and Development (OECD) and governments to ensure clarity and adherence to the tax laws of each jurisdiction in which we operate. Our Tax Policy is available here.

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Contributions for educational grants, independent medical research and new ideas, concepts or inventions

We are committed to supporting programmes and initiatives that seek to improve patient lives and related healthcare professional communities around the world. 

Support types include:

  • Educational grants
  • Research grants (e.g., investigator initiated studies)
  • New ideas, concepts or inventions

As a global company, we take care to review and consider all relevant support requests in accordance with funding guidelines, as well as applicable laws, regulations and industry codes. Convatec is proud of its strong commitment to ethical interactions with patients, healthcare professionals and related organizations. If you would like to submit a request on Convatec’s external support website, please click here.

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