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Earns Gold Rating from EcoVadis for dedication to integrating sustainable practices in all areas of its business.
September 29, 2022
By: Tim Wright
Editor-in-Chief, Contract Pharma
Samsung Biologics, a contract development and manufacturing organization (CDMO), was awarded the Gold Sustainability Rating from EcoVadis, a global business provider that evaluates the Corporate Social Responsibility (CSR) performances of companies in areas related to environment, labor and human rights, ethics and sustainable procurement. Achieving a score of 71/100—14 points higher than its previous Silver rating in 2021—Samsung Biologics is now among the top 5% of the more than 100,000 companies worldwide assessed by EcoVadis. “Achieving an EcoVadis Gold rating is further indication of Samsung Biologics’ strengthened ESG focus and our commitment to working with our suppliers and industry partners to reduce our environmental impact, integrate sustainable management, and build a more transparent, responsible value chain,” said John Rim, CEO and president of Samsung Biologics. “Not only is prioritizing these efforts within our business the right thing to do, but it is also an important part of what we bring to our clients to help them meet their own sustainability commitments.” The company recently published its annual ESG report, disclosing its environmental management strategy that outlines a number of core activities to reduce emissions, including process energy optimization, transitioning to renewable energy, and minimizing the use of disposables in the manufacturing process through waste management and recycling. Responsible procurement is also another key element in the company’s sustainability strategy. Samsung Biologics’ Supplier Code of Conduct was amended in February in accordance with the Responsible Business Alliance (RBA) and Pharmaceutical Supply Chain Initiative (PSCI), emphasizing its heightened focus on achieving a sustainable supply chain. For more details and continuous updates on sustainability activities, please visit Samsung Biologics’ sustainability page.
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