Stewardship of partners and suppliers
Our business model is based on out-sourcing a number of our activities, including much of our distribution as well as the manufacturing for Specialty Pharmaceuticals. We are consistently striving for better transparency throughout our supplier network .
Our goal is to ensure we deal fairly, responsibly and ethically with all our contractors and suppliers and that they in turn observe our standards and are committed to our values. Dedicated teams in Global Procurement, Supply Chain and HSE (Health Safety and Environment) manage our key suppliers ..
This stewardship of our partners and suppliers involves a number of different, key programs:
Responsible Sourcing Principles: We use Responsible Sourcing Principles to guide our business conduct and that of our partners. To read Shire’s policy, please click on the link.
Supplier Ethical Data Exchange: One of the opportunities we see is to improve the transparency of suppliers’ sustainability efforts. To do this, Shire has partnered with the Supplier Ethical Data Exchange (Sedex) to help facilitate this information sharing. We have asked most of our top suppliers to join Sedex and hope that they see value in a standard approach to this information sharing and reporting.
Supplier Diversity: We have a supplier diversity program in the U.S. which aims to encourage new relationships with small businesses, particularly those owned by ethnic minorities, women, disabled people and service veterans.
Compliance Training: We regularly engage with key suppliers to update them on out key policies and procedures that apply to them.
Reflecting on 2012
- Partnered with Sedex to provide us with a more robust platform for sustainability information exchange with our key supplier partners. These suppliers will be contacted and encouraged to join Sedex.
- Achieved $128.4 million of spend with women, minority, veteran and disadvantaged and small businesses and received an Acceptable Rating from the U.S. Government for 2012 Small Business Spend Achievements report submission.
- Assumed a board member seat on the Minority Supplier Development Council (MSDC).
- Conducted Small Business Fairs in Chesterbrook & Lexington to highlight local diverse suppliers, both events yielding over 150 attendees and receiving good feedback.
- Our Global Procurement team completed 13 projects focused on sustainability in sourcing categories. These ranged from promoting and achieving increasing video conference usage to increasing recycling of sales and marketing exhibits.
- Conducted 11 HSE audits at direct and indirect suppliers and 3 Labor/Social Audits. Our closure rate for the findings from 2011 audits is 80% for HSE and 100% for Labor/Social.
Commitments for 2013
- Continue to increase our spending with diverse suppliers.
- Eleven Contract Manufacturing Organizations will be requested to complete HSE questionnaire.
- Engage suppliers to enroll in SEDEXas appropriate add anti bribery and corruption language to key contracts being renewed across the business.
Access Shire's Supplier Management system here.
Learn more about the interaction with our contractors and suppliers:
Connecting with our Suppliers
We continue to receive very positive feedback from our suppliers who attend our Supplier Conferences and this year’s audience survey revealed that 95% found the event useful and would welcome an invitation to the next conference.