Medtech industry body Eucomed has announced that Smith & Nephew is the second member company to be granted a licence to use the newly launched Ethical Business Logo. The first was ConvaTec, gaining its licence in October. According to Eucomed, this logo symbolises Smith & Nephew’s commitment to the high ethical and professional standards embodied by the Eucomed Code of Ethical Business Practice.
Eucomed’s stated mission as representative of the medical technology industry in Europe, is to make modern, innovative and reliable medical technology available to more people. As such it clearly believes member companies should sign up to a stated code of ethics in their business dealings, with measures in place to ensure compliance. According to guidance on Eucomed’s website the Logo is based on the self-certification by the company CEO or the EMEA President (or equivalent) that his/her company adheres to the high ethical standards embodied by the Eucomed Code of Ethical Business Practice and that it has an effective compliance programme in place.
The Ethical Business Logo was created with the intention to ensure and strengthen public confidence in the integrity of the industry and effectiveness of member organisations’ compliance programmes, built on the Eucomed Code of Ethics.
The Ethical Business Logo can be obtained by any company member of Eucomed which follows the Eucomed Code of Ethics and has, in addition, effective compliance programmes in place.
Also of note, another industry body, The Association of British Healthcare Industries (ABHI) also launched a similar logo at the end of September and four companies are already using it.