Corporate responsibility – for 120 years
As a worldwide pharmaceutical and health care company, STADA has been committed to taking on responsibility – and this already for 120 years. With a view to the “All the best” mission statement, care for people’s health and well-being is at the heart of its actions. This foundation also includes sustainable and responsible economic activity, which is firmly anchored in STADA’s corporate history. Beginning in 1895 with the founding of a pharmacist association in Dresden, certain preparations were produced in accordance with identical guidelines, uniformly packaged and sold everywhere at the same price. Even then, forward-looking pharmacists were able to achieve more together, which also benefited society. The two core segments alone show that STADA takes its social responsibility seriously and that the Group makes an important contribution towards sustainable social development. Generics thus contributes towards effective and affordable health care through lower prices, and branded products relieve pressure on the health care systems, because they are, with only a few exceptions, not reimbursable. The STADA Group also takes responsibility in its daily activities. The requirements of the management of the company, safety and health of patients, environmental protection and fair working conditions are thereby extremely high. Through our safe and high quality products, good corporate governance, the conservation of resources, knowledgeable health care information and a comprehensive employee program, STADA ensures long-term security for its strong market position.
In order to demonstrate the responsibility and the sustainable commitment of Group activities on the one hand and to document and compare the status and future goals on an annual basis on the other, STADA plans to join the UN Global Compact.
For more information about corporate responsibility at STADA, please click here.
Value-based corporate governance
STADA believes that good corporate governance is an important foundation for business success. In view of this, the STADA Group has a comprehensive concept for responsible, transparent and value-based corporate governance. The governance mechanisms include the STADA “All the best” mission statement, opportunities and risk management, Group-wide binding behavioral guidelines – set out in the Code of Conduct – and topic-oriented corporate policies. Furthermore, compliance, i.e. the observance of laws and internal rules, which is described in the chapter “Corporate Governance Report” of the Management Report of this Annual Report, is an inherent part of the STADA Group. Value-based corporate governance at STADA includes central purchasing and supplier management, which ensures the implementation of Group-wide consistent purchasing strategies as well as consistent management of suppliers. STADA’s value-based corporate governance is supplemented by a comprehensive corporate responsibility management (CR management) and environmental, social and governance management (ESG management), for which the Executive Board is responsible. As part of this, the STADA Steering Group CR ensures the strategic management of CR across all areas, by engaging the CR project group within the organization with the operational implementation.
For more information on value-based corporate governance at STADA, please click here.
All the best for patients
Hardly any product has as much direct influence on people’s health and thus on well-being as a medication. For this reason, the topic of “responsibility for patients” is a major focus at STADA, with highly qualified employees working in closely regulated processes towards one goal: The production of safe and high quality products. In order to ensure this, quality assurance and quality control in
the STADA Group are designed in accordance with the guidelines of the European Good Manufacturing Practice Standard (EU-GMP standard). The worldwide STADA subsidiaries are essentially subject to a central management of quality assurance and quality control, which is supported by regional quality assurance officers. In addition, STADA has a global medicine safety system with clearly defined processes and a direct reporting line for all subsidiaries to the “Medicine Safety” department. At STADA, the topic of product safety includes safe medicine packaging, the observance of all legal requirements and guidelines, the regular auditing of the global medicine safety system as well as the orientation of development activities in accordance with EU guidelines and national requirements for local in-house developments. Furthermore, all suppliers to the STADA Group are subject to the GMP standards. Additionally, STADA was the first pharmaceutical company in Germany to introduce 2D bar code labeling on products on a large scale already in 2013, which simplified product management and increased customer safety, for example in the case of a product recall. Further information on the subject of “quality management” can be found in the Management Report of the current Annual Report in the chapter “Procurement, Production and Quality Management”.
For more information about product responsibility at STADA, please click here.
All the best for the environment
For STADA, environmental protection means more than just complying with current environmental regulations. Against this backdrop, STADA continually optimizes procedures and processes in order to conserve resources and minimize environmental effects. STADA’s GMP certification also covers all significant environmental issues up to the supply chain. Overall, decentralized environmental management, supported by a Group-wide best practice transfer, contributes towards the integration of local standards, laws and measures. Responsible action is also ensured through regular GMP certification of the production sites and suppliers. Furthermore, as a result of its business model, which does not include the production of active ingredients, STADA does not present any significant emission risks. In addition, the Group views optimizing its energy efficiency as an ongoing task. The Group is currently working on defining Group-wide environmental indicators and key performance indicators (KPIs) in the categories of CO2 emissions, energy, water and waste, in order to be able to define concrete, measurable environmental goals in the future. In order to promote the environmental awareness of STADA employees, there are attractive incentives in Germany for using public transport or organizing car pools.
For more information about environmental protection at STADA, please click here.
All the best for our employees
STADA’s success is largely based on the knowledge, competencies, performance and commitment of its employees. With the aim of ensuring sustainable corporate success, STADA relies on a long-term personnel policy. A common value basis, decentralized personnel management, diverse development programs for managers and a wide range of youth development programs are designed to retain employees for the company long-term. Moreover, this goal should also be achieved through family-friendly offers and financial benefits. Through preventative measures in the areas of health and safety management, STADA provides the conditions necessary within the company for a healthy work day for its employees. Employees at the company headquarters in Bad Vilbel, for example, have a health care center which offers fitness training, yoga classes and massage sessions, among other things. Furthermore, the offer includes measures such as an annual health day and diverse sport and leisure facilities under the slogan “ STADAktiv”.
For more information about employees at STADA, please click here.
All the best for society
In order to fully satisfy the company philosophy and its “All the best” mission statement, STADA is also involved in numerous social sponsoring projects. As part of this, worldwide the Group is particularly active in the areas of information, education and research, culture and sport and helps with medication and financial donations when emergency aid is needed during disasters.
The “All the best” initiative founded by STADA Arzneimittel AG in 2014 contributes towards, for example, providing people with useful information, but also explaining gaps in knowledge or incorrect knowledge. Accordingly, the second health report of the “All the best” initiative thus focused on Germans’ health knowledge. In addition, since 2007 STADA Arzneimittel AG has been the main sponsor for the non-profit organization dolphin aid e.V., which offers alternative therapies for ill and disabled children. Russian STADA CIS uses the project “Mobile Diagnostics: Take Your Health under Control” to provide information about the risks of cardiovascular disease, basic diagnosis methods and useful measures. Since 2012 the Spanish subsidiary Laboratorio STADA has been providing information about dementia disease Morbus Alzheimer through the “kNOW Alzheimer” project. In the Asian countries Thailand, Vietnam and the Philippines, STADA supports health education and is working intensively in the interests of the poor and the older population.
Within the area of “education and research”, STADA has been supporting the Hochschule Fresenius since 2003 in the form of a foundation professorship. Furthermore, German subsidiary STADApharm is involved for a fourth year in the so-called “Deutschlandstipendium” (Scholarship of Germany), in cooperation with Charité – Universitätsmedizin Berlin.
Within the area of culture, for 28 years STADA Arzneimittel AG has promoted the annual Burgfestspiele (castle festival) in Bad Vilbel, which offers a program of theater and musicals for all ages. In Russia, Ukraine and Kazakhstan STADA CIS has supported the “The doctor’s job” photography project, which it initiated, since 2012.
The health care company is particularly committed to numerous projects in amateur, disabled and professional sport, both at home and abroad. For example, STADA Arzneimittel AG is a long-standing partner of the successful wheelchair basketball team (RSV) Lahn-Dill and in Spain Ladival® is one of the main sponsors of the largest European women’s sport event, “Carrera de la Mujer”.
For more information about social commitment at STADA, please click here.
Digitalization in the health care industry offers huge potential
The subject of “digitalization” also plays an increasingly important role in the STADA Group. As a result, in financial year 2015 STADA joined the Bundesverband Informationswirtschaft, Telekommunikation und neue Medien e.V. (Bitkom, Germany’s digital association). In doing so, the Group would like to be involved in the dialog on the usefulness of digitalization for patients and the health care industry. Important aspects for STADA thereby include the topic of data protection within health care as well as the planned e-health law. STADA views the digitalization in the health care industry as an opportunity to more effectively and efficiently manage health in the future. An aging society and increasingly easy access to digital health information support the need for self-determined and informed patients. The Group believes that digital health services therefore have ever greater potential. Patient compliance can also be supported by digital health applications such as health apps, treatments can be more successfully and safely supported by doctors and medication can be better monitored for its effects or interaction with other medication. Digitalization is also a factor for employer attractiveness and employee motivation. Digital networking and digital knowledge management will therefore become ever more important for STADA in the future, in order to offer employees a diverse working environment. In previous years STADA had already continually developed digitalization in the company, among others through the increased use of digital media to provide information about health topics and through the establishment of an IT shared service center, which supports and advises the entire Group with IT services. In future, STADA’s digital offer will be expanded, in order to help even more people to become and stay healthy.