Benefit Corporations are companies that meet the highest standards for social and environmental performance, transparency and responsibility. The B Corp movement encompasses 2,700 companies in 64 different countries which have decided to use business as a force for good.
A company that wants to become a B Corp must achieve a certain level in its B Impact Assessment, an evaluation that reviews the company's impact on its employees, customers, society and the environment. The results are published in an annual Impact Report.
Sustainability has always been important for Chiesi, but it is now a part of our strategic plan. This means that we have undertaken to improve quality of life for our patients, protect the planet and its inhabitants, support our local community, prioritise our employees' development and guarantee transparency and insight in our work. The legal status that being a Benefit Corporation entails for us gives us the opportunity to both generate a return for our shareholders and work for the common good.
The Nordic branch of Chiesi received one of the highest scores in the evaluation. There are several reasons for this. One is our gender equality work. Another project ”Help a little”/First Day Gift – a collaboration between Chiesi and Swedish Federation for Preterm Infants (svenska Prematurförbundet).
Chiesi has integrated the UN's 17 sustainability goals into our sustainability efforts. We have identified that we will specifically contribute to nine of the 17 goals through our four focus areas of People, Patient, Planet and Partnerships. Read more about our specific sustainability goals in the Nordic countries below.
For more information on the 17 Sustainable Development Goals:
For suppliers and partners Code of Interdependence We at Chiesi, together with some of our largest suppliers and partners, have produced a document that we call the Code of Interdependence. It is all about making business sustainable and the Code is therefore based on global agreements such as the 2030 Agenda on Sustainable Development. The code has some similarities with what some other companies often call "code of conduct for suppliers" but we want to emphasize that this is about our joint responsibility. We see our suppliers as part of our ecosystem and that we succeed - and sometimes fail - together. The code therefore applies to ourselves as well as to those we work with. We expect that those we work with share the values on which the code is based and that they strive to achieve the goals set out in the code. We encourage suppliers to contact us and discuss the code further, if they have questions or concerns!
Below you can find
1) a video where our CEO and two of our employees talk about the code
2) a presentation (with speaker text) that summarizes the code and, of course,
3) the Code of Interdependence.
Together we can make a difference!
How we inspire our partners
This film gives an overview of what Chiesi expects of ourselves and what we expect from our partners regarding sustainability.