Our Progress Report

In the last two years we have taken a number of steps to integrate social responsibility into our everyday business approach.

As we prepared for our new business planning cycle (2017 – 2019) we required our affiliates to submit proposals for integrating socially responsible activities into their plans for that forthcoming period.

We have made progress in developing a global signature programme on maternal health for Ferring in which all our affiliates and employees will be able to participate.

To drive a responsible approach to business into our supply chain, we have a draft Principles of Conduct for our suppliers, guided by the UN Global Compact principles on Human Rights, Labour, the Environment and Anti-Corruption. We hope to plot the Principles of Conduct with our first tier suppliers in 2017.

We have also taken on the opinions of stakeholders expressed in our outreach activities of 2015 and 2016. This informed our first materiality assessment for the business, which identified key impacts and issues for our company.

Addressing our stated plans to grow our activities across our global business regions – we have recruited about 20 CSR champions and advocates across the business to help us do this, and have developed a draft set of volunteer guidelines.

To find out more about our 2015/16 progress, read about our activities for People, Business Ethics, Environment and Community.

UN Global Compact

A very important step for the company is our membership of the United Nations Global Compact (UNGC). As a signatory, we have committed to support the UNGC’s 10 Principles in the areas of Human Rights, Labour, Anti-Corruption and the Environment. We look forward to sharing our journey and to learning from other companies – both in our own industry and in other sectors.

Signatories to the UNGC are required to produce an annual report detailing their activities in support of their commitment and in order to instil accountability. This review serves as our Communications on Progress to the United Nations Global Compact.

The message from Michel Pettigrew, President of the Executive Board and COO, at the beginning of this review serves as our statement of continued support for this initiative.

Our CSR Journey to Date
Analysis of outreach completed highlighting the need for a strong, recognisable campaign in reproductive and maternal health where Ferring can make a transformational difference on a global scale
Further phases of stakeholder outreach carried out
Ferring signed to the United Nations Global Compact (UNGC) the world’s largest and most established corporate responsibility network
Development of a global signature programme for presentation to Ferring Executive Board
Appointment of Senior Directory Industry Affairs & CSR
Published our first CSR Review (reviewing 2014)
CSR Champions Network was established to drive the development of local CSR initiatives in alignment with the global strategy
Stakeholder outreach carried out with physicians, patient groups, regulators and employees to hear their views on our CSR objectives and activities
Incorporated our CSR intentions into the Ferring Global Business Plan
Drafted our first CSR Review
CSR Guidelines developed for the Ferring organisation
Review of all activities taking place across Ferring affiliates carried out
A comprehensive inventory of CSR projects taking place around the world compiled
Ferring adopts a formal approach to CSR
The global cross-functional taskforce was established