Pressures to manage sustainability risks are intensifying on a global scale, and the Pharma industry is no exception. Sustainable Procurement managers are facing urgent challenges to meet stakeholder demands while they transition from the old ‘blockbuster drug’ model to a new competitive landscape.
In addition to risks, such as revenue loss and heightened scrutiny, emerging models are exposing new issues – such as shorter product cycles, customized medicines, emerging markets with lower margins,
and compressed margins in primary markets.
Almost half of the top 25 pharma/biotech companies are using EcoVadis, including J&J, GSK, Merck KGA, Sanofi, Bayer, Takeda, Amgen, Boehringer-Ingelheim, Teva.
Amgen is one of the world’s leading biotechnology companies. Amgen is a values-based company, deeply rooted in science and innovation to transform new ideas and discoveries into medicines for patients with serious illnesses.
External factors, macrotrends and increasing laws and regulations have evolved the way we look at sourcing and procurement throughout our organization. We've seen widely publicized examples on how supplier violations can spark consumer outrage and harm a company status.
Sanofi S.A. is a French multinational pharmaceutical company headquartered in Paris, France, as of 2013 the world’s fifth-largest by prescription sales.
We have entrusted this mission to our external partner, EcoVadis, in order to benefit from proven CSR expertise.
Three leading health and pharmaceutical companies, GlaxoSmithKline, Teva, Takeda, launched the Responsible Health Initiative along with EcoVadis. The mission of the new sector initiative is to use collaboration and technology to improve the visibility, efficiency and sustainability impact of the global health supply chain.
EcoVadis brings a global service solution that breaks through limitations of redundant questionnaires, un-actionable self-assessment data, and expensive site audits.
The EcoVadis scorecards help companies monitor suppliers’ CSR practices across 190 purchasing categories and 150 countries. The assessment framework is customized for each company according to their activities, size, and geographic location for operations.
Access dashboards to monitor performance of your portfolio by buyer, category, or custom filters. Request assessments, create reports, export data, and engage your team in your risk and performance goals and initiatives.
Benchmark supplier performance per theme by purchasing category or country.
Access action plans to start a dialogue between buyers and suppliers on actions taken by the supplier to improve their CSR performance.