Corporate Social Responsibility
We actively identify and manage environmental, social and governance (“ESG”) considerations that may be material to the long-term sustainability of our business. ESG issues that we focus on across the Company include workplace health and safety, energy efficiency, waste management, climate risk, human capital management, diversity and inclusion, supply chain management, business ethics and compliance, and data privacy and protection. Click on the links for additional information on health, safety and environmental matters and human capital management matters.
We take ESG-related risks and opportunities into account in our strategic decision-making, both by the Board and management. ESG matters are managed and monitored by senior management throughout the year. The Board exercises oversight over ESG matters at the full Board level and through our relevant committees.
To highlight the responsible ESG actions we took to meet the needs of our stakeholders and the high standards we set for ourselves, we are pleased to share our inaugural Corporate Social Responsibility Report. We made an incredible impact in 2020 but with continuous improvement as our core value, we are confident that our positive influence will be even greater in the future.
Business Ethics and Corporate Governance
Our Board sets high standards for our employees, officers and directors. Implicit in this philosophy is the importance of sound business ethics and corporate governance. Click on the links to read our Code of Business Conduct, Corporate Governance Guidelines, Whistleblower Policy and Policy Regarding Related Person Transactions. Please also visit our Corporate Governance page.
Human Rights and Labor Principles
We are committed to respecting human rights across all of our business operations in accordance with the Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights and the ILO Declaration on Fundamental Principles and Rights at Work. Without limiting the foregoing, we do not utilize or permit child labor, forced labor or other abusive or unsafe working conditions. Click here to read our Global Human Rights Policy
Business Partners and Supply Chain
Colfax Corporation, and each member of the Colfax group of companies, is committed to conducting business with the highest ethical standards. Consistent with that commitment, we have adopted a Code of Conduct for Business Partners that sets out the expectations and standards that apply to any agents, distributors, dealers, contractors, intermediaries, joint venture partners, suppliers and other business partners doing business with Colfax. Among other things, the Code of Conduct for Business Partners addresses compliance with law, labor and human rights (including child labor and forced labor) and health, safety and the environment.
Our recently acquired DJO Global business unit’s supplier quality assurance program includes an intensive qualification process that includes DJO personnel visiting supplier sites. After supplier selection and qualification, ongoing relationships are managed via scorecards. DJO targets suppliers who are focused on lean initiatives. Supplier selection is based on the ability to reduce cost, lead times, freight, and eliminate non-value added processes that may be in the supply chain. Suppliers are expected to bring new ideas and opportunities to grow partnerships with DJO. Suppliers also are expected to obey laws that provide a safe and healthy work place for their employees and protect our environment. DJO's Supplier Code of Conduct addresses, among other things, compliance with law, labor and human rights (including child labor and forced labor) and the environment.
Information concerning additional compliance requirements applicable to DJO Global’s business partners is available here.
As part of our commitment to transparency regarding laws and regulations and to maintain a safe and secure workplace, we have established hotlines for individuals to report illegal, unethical or unsafe situations. The hotlines provide anonymous methods, if the individuals so choose, to report any instances of misconduct regarding the Company’s finances or other business situations. Furthermore, the Company prohibits retaliation against any employee who, in good faith, reports a violation.
Contact information for the Colfax Corporation confidential hotline is available here.
Charitable Contributions and Grant Applications
We believe in giving back to our communities and supporting other worthwhile initiatives that contribute to the betterment of society.
As a leading provider of high-quality, medical devices, DJO Global is committed to providing world-wide support for: (1) the advancement of medical education; (2) the improvement of patient care; (3) public education on pertinent health care topics; (3) and other bona fide charitable purposes that are consistent with the company’s mission. and (4) other bona fide charitable purposes that are consistent with the company's mission.
DJO Global also has established The DJO Cross Fellowship Award program in honor of its former Chief Executive Officer, Les Cross.Through the Cross Fellowship Award, DJO Global offers funding for orthopedic fellowship programs and athletic training residency programs.
For further information on DJO’s Charitable Contributions program, including contact information, click here.
Nonprofits and community members also can solicit applications for grant funding or corporate donations by contacting us at (301) 323-9000.