Introduction Transforming care Investing in our people Accelerating possibilities Protecting the environment Creating value responsibly Appendix Managing risk and global security Enhancing business resiliency As a global business, we continually prepare for a range of Because customers and patients count on us for quality potential threats, including meteorologic, geopolitical and solutions and outcomes, our enterprise experts assess potential climate-related events. We introduced a network modeling vulnerabilities to safeguard our supply chain. They analyze system in 2022 that lets our supply planners make on-the-spot strategic, operational, financial, legal and compliance risks so decisions that mitigate potential risks and keep us on track to we can safely pursue opportunities, adapt quickly in the face meet customer commitments. The technology monitors factors of challenges and meet our commitments. Our resiliency and such as raw material levels, distribution channels and supplier security teams work with our enterprise risk management performance to build increased certainty into our processes specialists to keep our facilities, people and partners secure despite supply chain volatility. In 2023, we will expand our work on a daily basis and in the event of a crisis. with a global risk intelligence provider to gain greater visibility into real-time events and emerging risks. Risk management governance For more on our climate risk management work, see The Boston Scientific Enterprise Risk Management (ERM) program Protecting the environment. is led by our vice president of Global Internal Audit, whose team examines existing risks to determine whether we have Securing global assets appropriate mitigation plans in place. New and emerging risks are identified in discussions with Executive Committee members, Our global security and resiliency team uses a mix of tools surveys of key employees and the Board of Directors, external and procedures to protect our people, enterprise assets and third-party resources and through industry peer benchmarking. operations. They manage our security in collaboration with Results of all these initiatives are shared with executives and partners who specialize in cybersecurity, environment, health our Board of Directors to determine next steps. and safety, international regulations and data privacy. In 2022, we made advances beyond industry-standard protocols to review additional layers of detail about the performance and practices of our suppliers, contractors and small business vendors. Despite supply challenges around the world, we maintained operations and reliably served health care providers without significant disruptions. 54 2022 Performance Report
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