Description
This is a presentation explains CSR initiatives taken up by Indian Pharma Companies. It includes Key areas for CSR in Pharmaceutical Industry.
CSR in Pharmaceutical Industry
CSR
Social obligation is much bigger than supporting worthy causes. It includes anything that impacts people and the quality of their lives - William Ford Jr, Chairman
CSR in Pharmaceutical Industry
• Pharmaceutical companies are always caught up by the media and public in the way of operation • Due to negative image in public it becomes important for pharma firms to pay greater attention to their public image • An instance could be Glaxo-Smithkline agreeing to pay $750mn for knowingly selling contaminated baby ointment and ineffective anti-depressant
CSR in Pharmaceutical Industry
• To counter negative image, Corporate Social Responsibility has taken on new earnestness and appeal • Hence, to turn situation around, pharma firms embrace responsible practices and philanthropic endeavors • CSR for Pharma means ‘Understanding what the customer and stakeholders want as well as engaging critics’ said by VP- Corporate Social Responsibility at Pfizer
Key areas for CSR in Pharmaceutical Industry
? Education ? Awareness ? R&D ? Access to medicines
? Environment sustainability
Education
• Support education in Tribal areas • Proper education would spread awareness and hygiene • Medical and Academic partnership programs providing financial assistance for students from medical background • Partnerships with medical colleges to promote students in research background
R&D
• Focus on treatment of rare diseases and developing orphan drugs • Finding alternatives to animal testing • Provide for awards and scholarships to stimulate interest in research • Emerging technologies help to expand the boundaries of scientific understanding and research capabilities Example: Stem cell and genetic research
Welfare of community
• Education on importance of healthy habits • Sex education in schools, especially in rural areas • Awareness on population control: Distribution of contraceptive pills, condoms and awareness about other birth control techniques • Awareness on diseases like dyslexia, depression, epilepsy, Parkinson's, Alzheimer's • Working with the government to reduce malnourishment and thus child mortality
Access to Medicines
• Providing access to healthcare is one of society’s most pressing social challenges • Lack of access to basic healthcare services, including essential medicines or vaccines cause millions of death every year • To achieve sustainable growth we need to go beyond the high-income sector, and increase access and affordability for patients at lower-income levels in all countries
Access to Medicines
• Implement flexible pricing strategies that make medicines and vaccines more affordable for more segments of society • Strategic alliances and acquisition helps to bring a bigger range of affordable and innovative medicines to a wider population.
• Mobile Healthcare Vans and free ambulance service
Environmental Sustainability
• Carbon Reduction in overall carbon footprint across the value chain • Water Reduction in the company’s operational water consumption
• Environmental stewardship • Reduction in waste generated from our operations (hazardous and non-hazardous)
THANK YOU
doc_127579307.pptx
This is a presentation explains CSR initiatives taken up by Indian Pharma Companies. It includes Key areas for CSR in Pharmaceutical Industry.
CSR in Pharmaceutical Industry
CSR
Social obligation is much bigger than supporting worthy causes. It includes anything that impacts people and the quality of their lives - William Ford Jr, Chairman
CSR in Pharmaceutical Industry
• Pharmaceutical companies are always caught up by the media and public in the way of operation • Due to negative image in public it becomes important for pharma firms to pay greater attention to their public image • An instance could be Glaxo-Smithkline agreeing to pay $750mn for knowingly selling contaminated baby ointment and ineffective anti-depressant
CSR in Pharmaceutical Industry
• To counter negative image, Corporate Social Responsibility has taken on new earnestness and appeal • Hence, to turn situation around, pharma firms embrace responsible practices and philanthropic endeavors • CSR for Pharma means ‘Understanding what the customer and stakeholders want as well as engaging critics’ said by VP- Corporate Social Responsibility at Pfizer
Key areas for CSR in Pharmaceutical Industry
? Education ? Awareness ? R&D ? Access to medicines
? Environment sustainability
Education
• Support education in Tribal areas • Proper education would spread awareness and hygiene • Medical and Academic partnership programs providing financial assistance for students from medical background • Partnerships with medical colleges to promote students in research background
R&D
• Focus on treatment of rare diseases and developing orphan drugs • Finding alternatives to animal testing • Provide for awards and scholarships to stimulate interest in research • Emerging technologies help to expand the boundaries of scientific understanding and research capabilities Example: Stem cell and genetic research
Welfare of community
• Education on importance of healthy habits • Sex education in schools, especially in rural areas • Awareness on population control: Distribution of contraceptive pills, condoms and awareness about other birth control techniques • Awareness on diseases like dyslexia, depression, epilepsy, Parkinson's, Alzheimer's • Working with the government to reduce malnourishment and thus child mortality
Access to Medicines
• Providing access to healthcare is one of society’s most pressing social challenges • Lack of access to basic healthcare services, including essential medicines or vaccines cause millions of death every year • To achieve sustainable growth we need to go beyond the high-income sector, and increase access and affordability for patients at lower-income levels in all countries
Access to Medicines
• Implement flexible pricing strategies that make medicines and vaccines more affordable for more segments of society • Strategic alliances and acquisition helps to bring a bigger range of affordable and innovative medicines to a wider population.
• Mobile Healthcare Vans and free ambulance service
Environmental Sustainability
• Carbon Reduction in overall carbon footprint across the value chain • Water Reduction in the company’s operational water consumption
• Environmental stewardship • Reduction in waste generated from our operations (hazardous and non-hazardous)
THANK YOU
doc_127579307.pptx