Vectura Group ESG
Introduction
This strategy will drive ongoing improvements and bring together all the initiatives already underway by establishing shared priorities and clear objectives. It also provides a framework for us to measure our environmental, social and governance (ESG) performance, demonstrate our progress against ESG targets, and hold ourselves to account over the coming years.
CEO’s message
In developing our ESG strategy, we knew it would be most effective if it were ‘baked in’ to our day-to-day work. To that end, we have reached out broadly across the business and asked for input and feedback from all our people. As those closest to the operations of the company, we knew their perspective and insight would be invaluable in determining how to weave ESG principles into everything we do.
Will Downie
Chief Executive Officer
Our values
Living our values
By operating responsibly, we want to continue to build a business that is not only commercially successful but delivers long-term value for all our stakeholders: patients; our people; our partners, customers, suppliers and our shareholders.
Our values are the principles that guide how we do things.
1
Deliver for patients with pride
We are agile, efficient and deliver on our commitments. We take pride in successfully developing medicines that transform lives.
2
Create a great customer experience
Our customer focus guides everything we do. We use our insight and capability to create a great experience for our customers.
3
Working together as one team
We collaborate to achieve shared goals, using our combined knowledge and expertise to enable success.
4
Do the right thing
Quality is at the heart of everything we do. We work with integrity, consistently delivering to high standards.
5
Innovate and improve
We thrive on learning and apply our expertise to continually innovate and be the best at what we do.
Our ESG strategy
We have identified seven key ESG priority areas
To set these priorities we assessed a range of criteria including: investor interest, customer demand, employee interest, alignment with Vectura strategy, resource requirement and return on investment.
E
Environment
Manage and reduce the impact of our environmental footprint
1
Operational environmental impact
Monitor and reduce energy use and our carbon footprint
2
Products and packaging
Review of product and device design, manufacturing processes used, packaging and raw material requirements including recyclability
3
Supplier performance
Adjust procurement processes and supplier audits
S
Social
Be a good corporate citizen, supporting our employees and our community
4
Employee engagement
Promote diversity and inclusion, support employee wellbeing
5
Community support
Encourage corporate giving and employee volunteering
G
Governance
Drive ESG performance through improved transparency and accountability
6
Corporate governance and ethics
Clear codes of conduct and policy documentation
7
Communications & stakeholder engagement
Transparent and timely communications
Downloads & links
Download our ESG Ambitions for 2021 and beyond plus additional resources and links for further information.
MSCI ESG Research provides MSCI ESG Ratings on global public and a few private companies on a scale of AAA (leader) to CCC (laggard), according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.
‘The use by Vectura Group plc of any MSCI ESG RESEARCH LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Vectura Group plc by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
Our ESG team
Our ESG strategy is the result of the hard work and dedication of colleagues from across departments and locations. Their commitment to enact change and embed ESG principles into the day-to-day work of Vectura has driven this process forward and helped to maintain our focus on this important work. It is precisely this commitment that will help us deliver on our ESG ambitions going forward.
We have also been supported by external agencies, Anthesis and Design Portfolio, in developing our thinking and communicating our vision. Thank you to everyone involved in setting us on the path to making our ESG ambitions a reality.
- Christina Olsen – EVP Corporate Strategy and Comms
- Tony Fitzpatrick – EVP Operations
- Matt Barker – Director – Corporate Strategy
- Liza Hemmings – HR Operations Director
- David Duff – VP Procurement
- Simon Carter – Senior Finance Analyst
- Chrysanthi Pitsari – Group Financial Reporting Manager
- Kirstan Boynton – Assistant Company Secretary
- John Cusack – Director Supply
- Andrew Whiston – Director – EHS and Facilities
- David Ginivan – VP Corporate Comms