Every one of our relationships – including with our employees, customers, suppliers and shareholders – plays an important role in helping to improve people’s lives and deliver our sustainability ambitions.
As a global leader in X-ray imaging components, we work in partnership with equipment manufacturers world-wide to innovate and develop products that meet high-quality, safety, and environmental standards. As a result, we are able to deliver shared value through products that detect, diagnose, and protect, providing wide-ranging health and security benefits to society.
Here, we outline just a few of the ways we create sustainable value with you, as we strive to maximize our positive contribution to society.
How we create value with our employees
The dedication and commitment of our nearly 2000 employees is crucial to our long-term success. That’s why we are focused on being a great place to work, with sustainability as a driving force of innovation. We focus on helping our people develop to their full potential, because when they thrive, we thrive. We invested over $500,000 in supporting higher education among our employees in 2017 and have a professional training plan for all employees. We are also working to grow a diverse workforce which meet the needs of our expanding global customer base. Investing in employee engagement and providing equal opportunities is key.
How we create value with our customers
Working with you, our customers, we are able to harness the power of collaborative innovation at the cutting edge of our industry to create innovative, cost-effective X-ray imaging solutions in response to the changing needs. Around 90% of Original Equipment Manufacturers (OEMs) globally use our components and our average customer relationship spans over 25 years! While we are always expanding our product offerings to new customers, we remain committed to our long-standing relationships, because we know it takes trusting, long-term partnerships to bring the maximum value of our products to market. We also look for opportunities to partner with customers who share our values such as improving resource efficiency, reducing emissions, and supporting the transition to a circular economy.
How we create value with our suppliers
Together, our suppliers drive sustainability, quality, and efficiency across our global supply chain. Our suppliers also play a vital part in managing issues such as human rights and environmental management. The value this creates is far reaching; in 2017, we procured $198.5 million goods and services from suppliers. Based on the principles of the UN Global Compact (UNGC), we are working with our suppliers to ensure all our materials are sourced responsibly. We aim to reduce or eliminate human rights issues in our supply chain, including the use of conflict minerals, and building partnerships with suppliers to improve the environmental performance of our products and packaging.
What we have achieved so far
In 2017, our collective efforts resulted in 150,000 digital detectors in use around the world, $13,400 invested in health and research in local communities, and 8,002 X-ray tubes accepted for end-of-life salvage and recycling to support the circular economy. This is just a snapshot of what we contribute. To find out more about how you help us to secure a healthier, safer future, take a look at Page 6 of our 2017 Sustainability Report which sets out how we create shared value with, and for, all our stakeholders.