Responsible Sourcing
The Grünenthal Responsible Sourcing Programme will increase supplier transparency and help create a positive ESG impact in our supply chain and connected local communities.
We believe responsible sourcing plays a vital role in creating a sustainable and ethical supply chain. Our Responsible Sourcing Programme is designed to ensure Grünenthal’s environmental, social and governance (ESG) standards with our valued suppliers.
Our Responsible Sourcing Programme
Our programme is founded on a comprehensive set of principles that add a new dimension to procurement decision-making at Grünenthal. These principles include a commitment to supplier transparency about environmental, social and governance (ESG) data. The principles also address our dedication to fostering supplier growth and collaboration, as well as driving transformational change by implementing best practice examples that are gathered from industry initiatives. This approach underscores and leverages our commitment to ethical and sustainable sourcing practices that bring value for our organization and our stakeholders.
As a measure of basic accountability, responsible sourcing at Grünenthal ensures adherence with regulations such as the German Supply Chain Act. This act imposes significant ESG due diligence requirements for suppliers in Germany to ensure that human rights and environmental standards are upheld throughout the supply chain.
Embracing these regulations reinforces our goal of accountability, environmental responsibility and the promotion of a fair, sustainable global supply chain network.
Our Responsible Sourcing Programme focuses on two impact areas along Grünenthal’s upstream value chain:
- Regarding environmental impacts, our programme aims to help reduce net GHG emissions through strong collaboration with strategic suppliers, such as efforts to facilitate the transition to renewable energy.
- Regarding social and governance impacts, the programme aims to enforce fair working conditions and avoid forced labour, while also promoting tolerance and cultivating diversity within our supply chain.
“We actively seek to share knowledge with our suppliers, while using digital technologies for ESG to boost efficiency and compliance across our entire supply chain.”
Our pledge to the Pharmaceutical Supply Chain Initiative
We joined the Pharmaceutical Supply Chain Initiative (PSCI), which sets up Principles for Responsible Supply Chain Management in the pharmaceutical industry concerning ethics, labour, health & safety, environment, and management systems.
Our pledge to the PSCI involves:
- Aligning our operations with the PSCI Principles, covering labour rights, health and safety, environmental protection, and business integrity.
- Actively participating in PSCI working groups to share experiences and learn from other members.
- Providing transparent information about our supply chain practices.
- Pursuing continuous improvement to enhance our supply chain practices.
Our suppliers might be requested to participate in an ESG audit following the PSCI principles. The supplier will be asked to share certain information with other pharmaceutical companies and participate in supplier capability programs through PSCI. Our suppliers will have access to a wealth of learning and development resources to support them on their ESG journey.
Find more information about the PSCI here.
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