Better Health for All

Treace Medical Concepts contributes to better health by offering surgical solutions for bunion correction, which can alleviate pain and improve mobility. Clinical studies, including the ALIGN3D™ study, demonstrate positive outcomes such as reduced recurrence rates and improved patient-reported outcome scores

. The ALIGN3D study showed a 99.1% maintenance of 3D bunion correction at 24 months . The company continues to innovate with new products like Nanoplasty™ and Percuplasty™ . However, there is limited data on price accessibility, vulnerable population reach, and health equity programs. One MAUDE report indicates a potential adverse event of nerve irritation, though no device malfunction was found . The company provides patient risk information on its website . Overall, the company's portfolio delivers substantial health benefits, but data is lacking in key areas such as accessibility and equity. **Assessment Limitations**: The score is limited by a lack of data on pricing, accessibility, and health equity programs. More data on these factors would improve scoring accuracy.

Fair Pay & Worker Respect

In 2024, the CEO's total compensation was $6,597,160, and the median employee pay was $193,007, resulting in a CEO to median employee pay ratio of 34:1.

The company reported an employee engagement score of 87% in 2022, which was higher than the 76% average for medical device and biotechnology companies. The undesired employee turnover rate for 2023 was under 7%.

Fair Trade & Ethical Sourcing

No quantitative data was provided in the articles to assess Treace Medical Concepts, Inc. against the specific KPIs for Fair Trade & Ethical Sourcing.

The articles mention the existence of a Supplier Code of Conduct, an ERP system for component traceability, and a 2022 supplier diversity survey, but they do not provide specific percentages for fair-trade certified spend, supplier audit frequency, number of forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage, materials risk index, or supplier diversity spend. The articles explicitly state a lack of specific quantitative data for these metrics.

Honest & Fair Business

The company has established procedures for the confidential and anonymous submission of concerns by employees regarding accounting, internal accounting controls, or auditing matters, which are handled by the Audit Committee.

An ethics hotline exists, and the Audit Committee has the authority to investigate reports received through it. The Nominating & Corporate Governance Committee reviews other compliance hotline reports and non-retaliation policies. The Board of Directors is comprised of a majority of independent directors as required by Nasdaq rules, and these independent directors meet in executive session at least twice per year. Directors are expected to avoid conflicts of interest and must disclose any direct or indirect personal interest in matters before the Board, excusing themselves from discussion and abstaining from voting. The company endorses and abides by the Advanced Medical Technology Association Code of Ethics on Interactions with Healthcare Professionals (AdvaMed Code) and has received AdvaMed Certification for its compliance program. It also adopted a compliance program incorporating AdvaMed Code provisions in accordance with the California Marketing Practices Act, believing it was in compliance as of January 1, 2021. The Nominating & Corporate Governance Committee oversees the company's compliance with its Code of Conduct and enforces its procedures, and appoints and oversees the Chief Compliance Officer.

No War, No Weapons

Treace Medical Concepts, Inc. is an orthopaedic medical device company focused on bunion surgery and other foot and ankle procedures.

The provided articles confirm its core business is medical equipment and supplies. There is no evidence to suggest any involvement in arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, or any other defense-related activities. Therefore, all relevant KPIs are scored as N/A, indicating no defense or arms-related activities in its core business or operations. A 2022 donation of $40,000 was made to St. Jude Children's Research Hospital, which is not a peacebuilding initiative.

Respect for Cultures & Communities

Treace Medical Concepts, Inc. (TMCI) published its inaugural ESG report in April 2023, which incorporates SASB standards and metrics for the Medical Equipment & Supplies industry.

The report outlines the company's commitment to operating responsibly and details initiatives such as delegating ESG oversight to a new committee, revamping the code of conduct, and implementing a supplier code of conduct. However, the report does not provide any quantitative data or specific information related to TMCI's respect for cultures and communities. This includes metrics like formal partnerships, revenue reinvestment in local communities, cultural incidents, impact assessments, local employment ratios, grievance mechanisms, FPIC participation, community governance, cultural preservation, local procurement, indigenous suppliers, cultural site protection, social license, charitable giving to cultural organizations, community fund allocation, language inclusivity, incident response, or cultural training. Therefore, no KPIs can be scored based on the provided evidence.

Safe & Smart Tech

The company has no documented incidents of unauthorized data use.

It collects sensitive personal information including Social Security numbers, driver's license numbers, passport numbers, geolocation, sex, age, and health information. The company retains personal information while providing products and services, and thereafter to respond to questions, complaints, or claims and to satisfy legal, contractual, regulatory, accounting, or reporting requirements, stating it does not retain data longer than necessary for the purposes for which it was collected. The company is subject to and describes compliance with federal and state health care fraud and abuse laws, false claims laws, physician payment transparency laws, FDA medical device reporting regulations, HIPAA, HITECH Act, and CCPA. It provides moderate user control options for California, Texas, and Nebraska residents, including rights to know, correct, delete, and opt-out of sale or sharing of personal information, with responses to requests within 45 calendar days, potentially extending to 90 days.

Zero Waste & Sustainable Products

The provided articles do not contain specific quantitative data or concrete facts to assess Treace Medical Concepts, Inc. against the 'Zero Waste & Sustainable Products' ethical value. Multiple articles explicitly state a lack of publicly available data for all relevant KPIs, including waste diversion rate, product recyclability, packaging sustainability, recycled content, and waste reduction initiatives.

While the company published an inaugural ESG report and implemented a supplier code of conduct, no details or metrics regarding waste-related performance or requirements within these initiatives are provided. The mention of 'environmentally-friendly features' at the new headquarters is too vague to score any specific KPI.