Compliance, Ethics and Transparency
We treat everyone with respect, and we advocate and apply high ethical standards in all our actions and decisions. Our Compliance and Ethics Framework provides clear governance and structure for our actions.
Responsibility
As a global leader in pain management, conducting business responsibly is a core part of our company’s strategy and culture. We provide transparent responsibility and sustainability reporting on our progress, and our performance is regularly rated by an independent agency according to environmental, social and governance (ESG) criteria. We join forces for sustainability and are committed to supporting the United Nations Sustainable Development Goals (SDGs).
“Striving for a world free of pain is our vision at Grünenthal. We place a strong focus on our responsibility to contribute to a sustainable future for all.”
Corporate responsibility on global level – 2022 in numbers
100%
completion rate for training about our Code of Conduct, conflicts of interest and corporate responsibility by March 2023.
2%
Grünenthal’s ESG risk rating for 2023 is in the top 2% of the pharmaceuticals sub-industry.
34%
female share of employees in executive roles (2022 vs. 19% in 2018).
€4.4m
invested worldwide in awareness and accessibility initiatives in 2022.
600k
visitors to our educational websites for pain management in 2022.
9,5%
reduction in total energy consumption vs. 2021.
Our Corporate Responsibility Programme
We constantly seek to achieve positive outcomes for patients and their families. Grünenthal also aims to maximise its beneficial effect on employees, partners and society – while reducing the environmental footprint of our business. We bring these ambitions to life by pursuing our holistic Corporate Responsibility Programme.
One strategic approach
Our Corporate Responsibility Programme is embedded in our company’s overall business strategy. It is built on four modules:
- Four fields of action to ensure maximum positive impact.
- A stringent ethical framework to guide the way we work.
- Our ESG risk management, which is regularly assessed by an independent agency.
- Our corporate governance system to ensure that we constantly live our values.
Four fields of action to ensure maximum positive impact
Our responsibility and sustainability activities can be clustered into four main categories that matter most to Grünenthal and its stakeholders. We strive to maximise our positive impact in these four fields of action. They are:
Patients – How we support patients in need
For patients suffering from pain, the responsible use of pain medication can be life-changing. We help to educate healthcare workers about pain management, raise awareness of pain as a disease, and work to address unmet needs.
Patients
People – How we work with employees, partners and communities
Our aim is to foster a true culture of trust among our employees, partners and communities. We work together to achieve this by driving engagement and empowerment, and by increasing diversity and inclusion.
People
Planet – What we do for a sustainable future
Using resources responsibly is a key part of being a sustainable business. We are driving improvements throughout our operations, while reducing waste and switching to renewable sources of energy.
Planet
Twelve key topics with clear targets
For each of our fields of action, we have identified twelve environmental, social and governance (ESG) topics that are most relevant to our business and our stakeholders. Each year, we set ambitious targets and define KPIs for each of these key material topics to measure progress. Further details are available in our Responsibility Report and on the infographic below.
Compliance, Ethics & Transparency
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Compliance, Ethics & Transparency Excellence
Aiming for excellence in the areas of compliance, ethics and transparency is at the core of our daily business. We operate at high ethical standards and continuously strive for excellence
Patient
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Responsible Use of Pain Medication
Our approach to the responsible use of pain medication is based on three pillars which form the foundation of our business relationships. They centre on strict governance, close involvement of our business partners, and education about pain medication for healthcare professionals and patients
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Product Governance & Safety
Our products are made to manage pain. Striving to ensure the safety of our products and the highest product standards is essential
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Responsible Innovation
Even today, not all pain can be adequately treated. Through our R&D, we contribute to providing for people with as yet unmet needs.
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Awareness & Accessibility
Raising awareness and enabling access to pain medication is a core focus area for us. Our goal is to make sure that pain is acknowledged as a disease in its own right, and we want to ensure access to appropriate medicine to treat pain. We strive to raise awareness and accessibility via various initiatives that we have pulled together into one holistic awareness and accessibility platform. The platform has three pillars: A global governance structure, globally aligned content and formats, and a roll-out plan that focuses on communication and training.
People
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Human Capital Fairness
Healthy employees and safe working conditions are the basis for our success. To achieve this, we rely on comprehensive health measures and the highest safety standards
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Employee Engagement
Fostering a high-performance culture and living our Values & Behaviours is the key to our success. This is why we invest in regularly requesting feedback from our employees to help us constantly improve
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Equality, Diversity & Inclusion
We stand for diversity, equality and inclusion. We want to increase diversity and equality at Grünenthal and become a role model and inclusive workplace
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Attractive Employer
We want to create the best possible conditions for our employees in their working and personal environment. We therefore offer rich and varied roles, opportunities for growth and an extensive range of benefits
Planet
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Environmental Excellence Strategy
Our goal is to further promote environmental sustainability. We achieve this by continually developing our environmental sustainability strategy based on our impact initiative Driving Environmental Sustainability
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Responsible Use of Resources
Responsible use of resources is essential for us and our stakeholders to limit our impact on the environment. We focus in particular on our consumption of energy and water and our handling of production waste
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Our Impact on Climate
We want to better understand our impact on climate change and want to take action to reduce it. We therefore calculate our corporate carbon footprint and set ourselves firm targets for future CO2 reductions
M-N/A-UK-11-23-0016 - November 2023