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Economic responsibility

A RESPONSIBLE PURCHASING POLICY

LFB practices responsible purchasing and promotes fair relations with its partners, suppliers and subcontractors. This commitment made by the Purchasing Department is based on the “Responsible Supplier Relations Charter” that was signed by LFB on Novembrer 2020. This charter defines 10 good practices, from the principle of ethical business to the consideration of environmental issues.

A general procedure has been put in place for Purchases and Expenses which incorporates principles of the prevention of corruption.

LFB GROUP SUPPLIER RELATIONS CHARTER

LFB GROUP PURCHASING Charter GB Nov2020

PREVENTION OF CORRUPTION AT LFB

As a company in the pharmaceutical industry, LFB is subject to strict anti-gift regulations. This means that LFB has procedures and operational measures in place to prevent acts of corruption aimed at healthcare professionals in particular.

LFB has put in place a corruption prevention program based on zero tolerance towards any practice contrary to the fight against corruption. The LFB anticorruption Code of Conduct is one of the major tools of its program.

This Code is applicable to all group employees, but also to LFB’s external stakeholders (partners working for or with LFB) for all its activities in France and abroad.

Everyone can flag any information on a threat, a serious fact or behavior contrary to this Code, in a secure and confidential way, by sending an email to: alert-compliance@lfb.fr

LFB anticorruption Code of Conduct:

GC02_EN Code of conduct Anticorruption V2022

LFB IS CERTIFIED FOR ITS SUSTAINABLE DEVELOPMENT

For the 4th year in a row, LFB has been awarded the A++ label, the highest level in the “green index”, awarded by the CAHPP (Central Purchasing of Public and Private Hospitals). The CAHPP is one of the main centres which supports French hospitals in optimising their spending. Each year, this organisation awards its labels to industrial suppliers of hospitals on the basis of sustainable development criteria or the “green index”. LFB was audited by the CAHPP in 2018, and successfully answered the evaluation questionnaire for the 2019 financial year.

The audit performed by PriceWaterHouse Coopers (PwC) of LFB’s Non-Financial Performance Statement was documented in a report free of reservations from an Independent Third Party, for the 7th consecutive year. PriceWaterHouse Coopers is an audit firm specialised in accounting. PwC issued a reasoned opinion in 2019 on the conformity and truthfulness of the information presented in LFB’s non-financial performance statement.

LFB was awarded the silver medal in the EcoVadis evaluation for the degree of maturity of its Corporate Social Responsibility. LFB is thus among the 25% best French and international companies, as assessed in 2020 by EcoVadis, a French company specialised in evaluating the maturity of companies on aspects of CSR: Environment, Social & Human Rights, Ethics and Responsible Purchasing.

These labels underscore the real progress made by the company in the area of Social Responsibility.