Why Investing In ESG Measures Is Good For Medtech’s Health And Sustainability

According to a survey by the New York-based consulting group Bain & Co. of procurement decision makers, environmental, social and governance (ESG) factors such as reducing green gashouse emissions and waste, digital privacy and employee safety are becoming key purchasing criteria for health care providers. The survey, published in February, showed that 75% of US respondents and 82% of German respondents expect the importance of ESG in purchasing criteria to increase in the next five years.

“Several social and governance factors – such as corruption and transparency, data security, employee safety, and labor standards –are already table stakes,” said Scott Daubin, a partner at Bain & Company, in an article highlighting why sustainability and ESG factors are important considerations for medtech companies