Sustainable Procurement | Takeda Pharmaceuticals
Sustainable Procurement
Sustainable Procurement achieves value for money spent while generating benefits to society, the economy, and reducing environmental impact and other governance and compliance risks. Supplier Environmental, Social, and Governance (ESG) ensures that our suppliers conduct business in the same manner we do – with a focus on social, environmental, and economic good. It is a key element of our supply chain management process. As a signatory to the United Nations Global Compact, we take our commitment to assess and improve its supply chain in the areas of human rights, labor, the environment and anti-corruption very seriously.
Our approach
Rooted in Takeda-ism, Supplier ESG aligns our suppliers in over 70 countries with our ESG practices. It helps maintain our pledge to act with integrity, fairness, honesty and perseverance.
The Supplier ESG process continually balances risk and opportunity in our engagement with suppliers:
Risk – Avoiding practices that harm people or the environment, could hurt our reputation, or represent significant business or supply risk
Opportunity – Aligning suppliers with our ESG practices, and influencing them to decarbonize, reduce waste, and invest in innovative solutions
How to work with us as a supplier
We are committed to the responsible procurement of goods and services. Please learn more about our commitments below.
Pharmaceutical Supply Chain Initiative
We joined the Pharmaceutical Supply Chain Initiative (PSCI) to leverage the collective, collaborative strength of the industry and its suppliers to make sustainable improvements in the supply chain. Our Supplier Code of Conduct aligns with the PSCI principles. Suppliers to our company may be requested to participate in a PSCI audits. As part of this, the supplier will be asked to share certain information with other pharmaceutical companies and participate in supplier capability programs through PSCI.
Conflict Materials
Please find below our latest Conflict Minerals Report:
Additional information on Takeda’s Human Rights Program can be found here.
The Supplier Code of Conduct is the agreement we make with suppliers to uphold our reputation - conducting business in the same manner as we do – with a focus on social, environmental, and economic goods. It also ensures that suppliers align with our timeless values of Integrity, Fairness, Honesty, and Perseverance.
We have incorporated the Supplier Code of Conduct as part of its procurement-managed supplier qualification process and uses its risk assessment model to prioritize suppliers for further review.
The Supplier Code of Conduct covers business ethics and anticorruption principles, human rights, fair labor and employment standards, data privacy, animal welfare, safety, health and environment, and general management systems.
Our Supplier Code of Conduct is available for download in several languages from the links below:
We are committed to fostering and maintaining relationships with small, minority, or women-owned businesses globally. Supplier Diversity is integrated into our overall Global Diversity, Equity, & Inclusion (DE&I) Strategy.
Partnering with a diverse range of suppliers provides overall value within our procurement process. It also contributes to our mission by giving us access to new and innovative products and services while optimizing price, quality, and availability.
By creating economic opportunities for underrepresented communities through procurement of products and services from diverse suppliers, we can impact the societies where we live and work. This ultimately impacts social determinants of health, leading to health equity. Our supplier diversity program is administered by our Supplier Environmental, Social, and Governance Group. It is embedded into our Global Procurement Policy and our operations. Participation requests and questions about our Supplier Diversity program can be sent to [email protected].
Inclusion
We require inclusion of diverse suppliers for sourcing events within our Procurement Policy, and provide resources to find small and diverse suppliers.
We advocate and are sponsors for current and prospective diverse suppliers with the company.
We look for opportunities and innovative ways for further inclusion within our supply base and with our large and strategic suppliers.
We host Supplier Days for our Procurement and Business stakeholders to meet current and prospective diverse suppliers.
Definition
Diverse Suppliers are defined as: Any for-profit business that is at least 51% owned, controlled and operated by one of the following groups:
Women
Lesbian, gay, bisexual or transgender individuals
Veterans
People with disabilities
Businesses operating in economically-deprived areas
Small businesses, SME’s (small-medium enterprises)
Any group that a government deems to have minority status in the population
Our Engagement
We partner with supplier and business diversity non-governmental organizations (NGOs). These partnerships create alignment to client engagement, best and next practices awareness, and support education and the diversity credential certification process.
GNEMSDC
NMSDC
HELIX Supplier Diversity Forum
NVBDC
Disability:IN
Massachusetts LGBT Chamber of Commerce
NGLCC
Diversity Alliance for Science
Center for Women & Enterprise
WBENC
WEConnect International