WELL announces that the ESG program is an integral part of its growth strategy; Demonstrate a commitment to people, diversity, inclusion, equity and privacy and data security
WELL embarks on an ongoing ESG strategy and reporting initiative, engages KPMG LLP and establishes an ESG committee.
WELL will take targeted actions to continue to support diversity, equity and inclusion in the work environment.
WELL is committed to raising the level of confidentiality and security around patient data through its risk management processes.
WELL will continue to help reduce environmental impacts by leveraging its own virtual and digital solutions across the continuum of healthcare.
VANCOUVER, BC, October 15, 2021 / PRNewswire / – WELL Health Technologies Corp. (TSX: WELL) (the “Society” Where “GOOD“), a company focused on positively impacting health outcomes by leveraging technology to empower healthcare professionals and their patients globally, today announced its commitment to sustained ESG excellence through corporate governance. WELL also announces the creation of an ESG committee chaired by its Chief People Officer, Shane sabatino, and the Company has partnered with KPMG LLP (“KPMG”), a thought leader in ESG, to further develop and report on the Company’s ESG strategy, objectives and initiatives in order to increase long-term shareholder value.
“WELL’s ESG program is not a ‘tick the box’ exercise. WELL is a goal-driven company that aims to transform the world for the better, and it is the shared commitment to this goal that unites our team, partners, practitioners and shareholders. Together, we pursue ESG excellence ”, comments Hamed Chahbazi, Chairman and CEO of WELL. He adds: “After a long process to identify the right partner, we are very happy to be working with KPMG on our ESG program. their business and the role it plays in making a positive impact on our patients and our wider environment. “
WELL’s ESG strategy will reinforce the following goals and initiatives that WELL currently holds in high regard:
WELL’s goal is to leverage the nature of our versatile digital health platform and its virtual care capabilities to reduce the environmental footprint of healthcare, resulting in reduced carbon emissions from our patients and waste generated by physical visits to clinics.
Sustainability is at the heart of WELL’s merger and acquisition practice and resource efficiency is achieved within acquired companies through thoughtful rationalization of global supply chains while maintaining our unique decentralized operating philosophy.
WELL has a business model focused on improving patient outcomes by providing clinicians with technology that helps improve the efficiency, reliability, accuracy and safety of healthcare services.
WELL’s virtual care capabilities help expand access to healthcare for people facing barriers, such as those based in rural communities.
Diversity and inclusion with a focus on equity and inclusion are at the forefront of WELL’s culture, including initiatives for the health and well-being of team members. WELL demonstrates a commitment to diverse team and leadership team members, and a culture that values the unique perspectives of all team members.
WELL regularly encourages civic engagement on the part of its team members and is proud to support such volunteer activity even during regular working hours.
WELL has an independent board of directors composed of a majority of independent directors.
WELL enables the leaders of its business units to drive and manage operations. Despite this, the company has developed a shared services architecture that provides essential support and ensures high standards of risk management across business units in key areas such as security, privacy, people and culture and financial reports.
The confidentiality of patient records and data security is one of the most important ESG initiatives within WELL, with each business unit having a person dedicated to the accountability structure and risk assessments. WELL often raises the level of privacy and security of its acquired businesses. All team members receive cybersecurity training.
Management leads with integrity, with a common goal of empowering practitioners and improving patient outcomes.
Human Resources Director, Shane sabatino comments: “We believe in the basic principle that our organization is an instrument for doing good in the community. We also believe it creates a virtuous circle whereby our organization generates even more momentum as a by-product of our positive impact, truly a win-win. Our ESG pillars will contribute to a larger image, to broader societal goals, ensuring that WELL attracts and retains the best talent, while serving the interests of our team members and our community. He continues: “From the start, we established our ESG committee and knew we would provide ongoing ESG reporting to our stakeholders. Through this process, we will continue to identify our ESG pillars and we will remain transparent in our reporting for the greater good. “
WELL HEALTH TECHNOLOGIES CORP.
Through: “Hamed Shahbazi”
Chairman and Chief Executive Officer, Chairman and Director
About WELL Health Technologies Corp.
WELL is a technology-driven healthcare company whose primary goal is to positively impact healthcare outcomes to empower and support healthcare professionals and their patients. WELL has built an innovative practitioner empowerment platform that includes comprehensive end-to-end practice management tools, including virtual care and digital patient engagement capabilities, as well as electronic medical record services. (EMR), Revenue Cycle Management (RCM) and Data Protection. WELL uses this platform to feed healthcare professionals both inside and outside WELL’s own omnichannel patient service offerings. As such, WELL owns and operates the largest network of ambulatory medical clinics in Canada providing primary and specialized health care services and is the provider of a leading multinational and multidisciplinary telehealth offering. WELL is listed on the Toronto Stock Exchange under the symbol “GOODand is included in the TSX Composite Index. To learn more about the company, please visit: www.well.company.
This press release may contain “forward-looking information” within the meaning of applicable Canadian securities laws, including, without limitation: information regarding the expected benefits of the ESG program. Forward-looking information is necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate” , “Expect”, “believe” or “continue”, or the negative of it or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to differ materially from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements. statements are not guarantees of future performance. Statements of WELL expressed or implied by such forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond the control of WELL, and such statements should not be relied on unduly. Forward-looking statements are subject in their entirety to inherent risks and uncertainties, including: direct and indirect material adverse effects of the COVID-19 pandemic; unfavorable market conditions; the risks inherent in the primary health care sector in general; regulatory and legislative changes; that future results may differ from historical results; failure to secure any future funding required on suitable terms; any inability to realize the expected benefits and synergies from acquisitions; that market competition may affect the business, results and financial condition of WELL and other risk factors identified in documents filed by WELL under its profile at www.sedar.com, including its most recent annual information form . Except as required by securities law, WELL assumes no obligation to update or revise forward-looking statements, whether as a result of new information, events or otherwise.
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