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Suppliers and Third Parties
Suppliers and Third-Party Obligations
Our compliance framework
For decades, we have used quality processes to ensure the regulatory compliance of our suppliers and third parties within research, development, and manufacturing. In 2005, we extended our assessment of contract manufacturers to include human and labour rights, health and safety and environmental obligations. Since establishing our Code of Conduct in 2010, these procedures have evolved into a pivotal element within our compliance and sustainability framework.
Today, we have systematic due diligence and monitoring procedures for business collaborations, aimed at identifying and mitigating specific risks:
- Conflicts of interest
- Financial crime (including bribery, tax evasion and violations of trade sanctions)
- Promotional misconduct
- Human and labour rights violations
- Significant environmental impact
These procedures are particularly important for collaborations involving chemical manufacturing, customs clearance, price negotiations, obtaining product marketing authorizations, organizing promotional or educational events and selling products.
Besides protecting Lundbeck, the procedures are essential to fulfilling our commitment to UN Global Compact Principles and OECD Guidelines on Multinational Enterprises. Further, the procedures and actions contributing towards UN Sustainable Development Goal 8, Decent Work and Economic Growth.
Maintaining global obligations
Across our global organisation, our senior management follows consistent procedures to identity and mitigate specified risks before any contractual commitments. We support the operational process by agreement templates containing relevant requirements, and access to guidelines, training and expert advice.
Our experts use professional databases and public sources to perform an objective and documented assessment of relevant risks and topics. Before engaging in sensitive collaborations such as chemical manufacturing, we conduct detailed onsite audits.
Continuous dialogue
Continuous dialogue with our suppliers and third parties is essential to maintaining trust. We support this dialogue with training, performance monitoring and compliance audits.
Read more about our ambitions and results in our most recent Communication on Progress to the UN Global Compact.
