Alongside Courage, Achievement, Respect, Integrity, and Transparency, Responsibility is one of our six core values and has been an integral part of our corporate identity for 350 years. These core values guide us in our daily work, defining how we interact with our customers and business partners. We research and develop products to enhance life in all its diversity, from the great questions facing humanity to the little everyday pleasures. We endeavor to give patients and customers the best – and find solutions for the world of tomorrow.
Our approach to responsible governance
Our Values along with the external regulations and initiatives to which we are committed give rise to requirements for responsible governance that are integrated in both our Corporate Responsibility strategy and our Group-wide guidelines.
These guidelines comprise charters and principles valid for the entire company, as well as specific standards and procedures for individual business sectors and sites.
Take for example our Corporate Environment, Health and Safety (EHS) Policy, which forms the basis for implementing the chemical industry’s Responsible Care® Global Charter within our company. Or our Safety Policy for chemical products, which defines product safety processes along with the corresponding management structures.
How we live responsible governance
Derived from the provisions contained in charters, principles and policies, our internal standards give specific guidance to those responsible for operational processes. They are constantly updated by the relevant departments and are available on our Intranet. Our managers implement these standards in their respective areas of responsibility and ensure that they are adhered to. We moreover educate and train our employees on all guidelines that apply to them.
We employ management systems to steer processes as well as define goals, actions and responsibilities. These systems are based on standards such as the internationally recognized quality management standard ISO 9001, good working practices (GxP) in the pharmaceutical industry, and ISO 14001 for environmental management. We regularly undergo ISO 14001 and ISO 9001 certification, which is conducted by an independent auditing firm, and hold Group certificates for both.
We support the following responsible governance initiatives:
- Since 2005, we have been a member of the United Nations Global Compact and are committed to complying with its principles. Our annual progress report illustrates how we live our responsibility in our day-to-day actions.
- As a signatory to the chemical industry’s Responsible Care® Global Charter, we voluntarily go above and beyond what is required by law and have adopted mandatory standards for product responsibility, environmental impact mitigation, health, and safety.
- As a member of the Together for Sustainability (TfS) network, we are dedicated to improving the supply chain with respect to environmental, compliance and social standards.
- We are a member of Chemie3, a collaboration between the German Chemical Industry Association (VCI), the German Employers’ Federation of the Chemical Industry (BAVC), and the German Mining, Chemical and Energy Industrial Union (IG BCE). The partners of this globally unique alliance seek to make sustainability a core part of the chemical industry’s guiding principles and to jointly drive the sector’s position within the German economy as a key contributor to sustainable development. This initiative has developed a system of 40 indicators to measure the progress of sustainable development within the chemical industry.