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Economic sustainability

Relevant topics for STADA’s material assessment:

  • Responsible procurement
  • Developing emerging markets

Responsible Procurement

Sustainable procurement means for STADA making sure that the products and services it buys are as sustainable as possible, with the lowest environmental impact and most positive social results. It is a process whereby STADA meets its needs for goods, services, works and utilities in a way that achieves value for money on a life-cycle basis while addressing equity principles for sustainable development, therefore benefiting societies and the environment across time and geographies.

Responsible procurement also means for STADA full alignment with respect for human rights and providing fair and ethical working conditions for all the employees within its supply chain.

Developing emerging markets

STADA provides decent work environment to its employees and expects its suppliers doing so as well. Through technology transfer within its production network STADA strengthens emerging economies. It constantly invest in the production network with focus on emerging countries and innovative technology – this induce economic growth to local communities.