Sustainability Plan
The Sustainability Plan is the tool used to share the Group’s future trajectory with its stakeholders: it represents an expression of the ambitions of the Recordati group and the commitments it wishes to prioritise in order to promote sustainable and responsible growth.
Growth and achievement of challenging business and sustainability goals are not incompatible: on the contrary, Recordati is convinced that responsible actions and the generation of shared value contribute to the long-term success of the Company.
Improving people’s health and quality of life is the basis of our mission: it is part of our DNA. Recordati’s People have always given their utmost every day to pursue this goal.
As emphasised by the World Health Organization (WHO), health is not merely the absence of disease or infirmity, but a state of complete physical, mental and social well-being. To improve health, it is therefore necessary to intervene on a number of determining factors, such as the social, physical and economic conditions under which people are born, live and work, including healthcare systems. In this context, in addition to institutions and governments, pharmaceutical companies must also develop strategies for the improvement of the healthcare system, in terms of availability, accessibility and quality of healthcare structures and the goods and services provided.
We are living in a rapidly changing world that often raises concerns about sustainability for future generations. The current scenario in which we live has led us to reflect deeply on the relationship between humanity and nature and on the importance of an overall balance: the well-being and health of people and the health of the planet are closely connected. We cannot be healthy in an unhealthy environment and with no health there is no wealth and no social equity.
With this systemic approach and in accordance with the 2030 Agenda for Sustainable Development priorities, we wish to contribute to supporting global development, promoting human well-being and protecting the environment.
Patient Care
People Care
Environmental Protection
Responsible Sourcing
Ethics and Integrity
Integrity is our founding value, and we lead by example.
The principles of honesty and transparency towards our Shareholders
and Stakeholders guide our daily actions.
The Sustainability Plan, defined in accordance with the materiality analysis, also highlights the contribution to the achievement of 10 of the 17 Sustainable Development Goals (SDGs) of the 2030 Agenda, the common goals signed by UN member states that outline a path of collaboration and responsibility to confront today’s complex challenges.
Process for the definition of the Sustainability Plan
The objectives of the CEO’s MBO scheme include the key social and environmental targets defined in the Sustainability Plan. Furthermore, responsibility for the achievement of the goals included in the Sustainability Plan is assigned to the representatives of the various departments involved, who have the resources, tools and know-how required for their implementation; the Management by Objectives (MBO) scheme integrates social and environmental objectives associated with the implementation of the Plan itself which are assigned to certain key management figures.
Ethics and Integrity – Future Targets [SDG 16]
Business ethics, integrity and anti-corruption
100% of Group employees involved in a two-year training programme on ethics, anticorruption, anti-bribery topics (2022 – 2023)
Patient Care – Future Targets [SDGs 3 – 9]1
Access to medicine and healthcare
Recordati believes that every single patient should have access to the best possible treatment.
In the field of rare diseases, the Group is committed to:
- Continuing with Patient Assistance Program (PAP), Co-Pay Assistance Program (CAP) or similar programs aimed at providing assistance to patients who are eligible to receive financial support for products (2023)
- Continuing to work closely with rare disease communities (including doctors, healthcare professionals, patients groups and families) to increase awareness, improve diagnosis and expand availability of treatments for people with rare diseases (2023)
- Continuing to expand rare disease and orphan drugs innovation pipeline and R&D of new therapies (2023)
In the context of the Specialty & Primary Care Division, the Group is committed to:
- Continuing to invest in our plant in Tunisia to be able to continue providing high-quality and affordable products servicing a broad range of therapeutic areas including low- and middle-income Countries (Tunisia, Sub-Saharan Africa) (2023).
Continue initiatives of product donations to organisations that collect and distribute pharmaceuticals to disadvantaged people (2023)
1. the table relating to the Group’s commitments to its patients shows only some of the targets. Commitments regarding quality, product safety, research and development, etc. are intrinsically related to the business and are thus ongoing. More details on the Group’s development plans are included in the Financial Statements.
People Care – Future Targets [SDGs 3 – 4 – 5 – 8]
Talent attraction and development
On the base of Key Value Driving Roles Matrix define Development and/or Retention Plan for the Successors, Key Resources, Talents and Critical Resources identified on the Matrix that at least once per year have to be discussed and agreed among the ELT (Executive Leadership Team) (2023).
Strengthening university engagement initiatives to promote the attraction of talent (2023)
Diversity and equal opportunities
Grant equal opportunities to all genders at all levels and progressively increase the percentage of women in Top and Senior management positions by promoting initiatives, including:
- Recruit and promote employees who have both top skills and qualifications and reflect our focus on inclusion and diversity: from 2022 onwards, at least 40% of candidates short-listed for Top and Senior Management positions must be women and the internal personnel responsible for selecting new recruits and promoting employees must include at least one woman
- Launch a mentorship initiative on D&I (2023)
Engagement
Seek employee feedback and measure evolution of engagement through the launch of an “Employee Opinion Survey” to all employees (2023).
Health, safety and well-being
Run an on-line driver safety training programme for all employees with a company car in order to encourage safe driving behaviors (2022- 2023)
Support for local communities
Continue to support the communities through solidarity, social and cultural initiatives aimed at promoting the growth and wellbeing of local communities (2023)
Launch of employee volunteering initiatives (2023)
Environmental Protection – Future Targets [SDGs 6 – 7 – 12 –13]
Climate action – renewable energy initiatives
100% renewable electricity purchased for our Group production and packaging sites and annexed offices (2025)1
Finalization of feasibility studies for installing additional renewable energy production systems at the following plants: Italy (Campoverde), Ireland, Tunisia, Türkiye (2023).
Climate action – energy efficiency initiatives
Gradually replace traditional lighting systems with LED lights: complete replacement in the production department of the Milan plant by 2023
Climate action – other initiatives
Planting of about 11,250 trees in the Milan Metropolitan area (and maintenance for 5 years) through the support of the Forestami project for the three-year period 2021- 2023
Responsible waste management and circular economy initiatives
Continue with the analysis of possible new initiatives for the recovery and reuse of chemical raw materials used in production processes, and investigate further the possibility of recovering certain raw materials on a routine basis for which feasibility on an industrial scale has already been demonstrated (2022 – 2023)
Continue with the analysis of possible packaging solutions with lower environmental impact (2022- 2023)
1. Purchase of renewable electricity for plants located in countries where it is available.
Responsible Sourcing – Future Targets [SDGs 8 – 9]
Promote a responsible supply chain
Monitoring of suppliers on ESG aspects through assessment (desk audit) by an independent third party (EcoVadis): performance of 160 assessments (desk audits) by 20241
- Engagement initiatives for suppliers that received lower scores in the assessment to promote and increase awareness of ESG aspects (2023)
