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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 14 December 2010. 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.

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.

In accordance with the so-called Sapin 2 Law, LFB has put in place a corruption prevention plan led by the group’s Compliance department, which reports to General Management.

An anti-corruption code of conduct came into force in 2018, and is applicable to all group employees as well as to external stakeholders.

All the companies and employees of the LFB group are also subject to the group’s Corporate CSR Charter, which includes the fight against corruption in its commitments, and which was communicated to all employees in 2016.

LFB anti-bribery Code of Conduct

ANTI-BRIBERY CODE OF CONDUCT

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.