We join BARCELONA+B
In 2022, we joined Barcelona City Council, EADA Business School and B Lab Spain as strategic partners in the Barcelona+B alliance, a public-private collaboration project aimed at social and business transformation to make the citymore prosperous, sustainable and inclusive.
Confronted with the need to act to combat the climate emergency and social inequalities, Barcelona+B was founded as a pioneering initiative in Spain that seeks to optimise the social and environmental impact of companies and citizens, to turn them into the main agents of change and positive transformation.
The aim is for companies, universities, foundations, public institutions, entrepreneurs and citizens to work together to make Barcelona a better city, offering it as a new global benchmark in business transformation and in contributing towards the United Nations Sustainable Development Goals (SDGs) at the local level.
We promote the Partners Activism programme
Companies and the productive ecosystem have a direct impact on the economic, social and environmental development of the communities of which we are a part.
In awareness of this responsibility, at Ferrer we have launched the Partners Activism initiative, aiming to make our activism and our mission of making a positive impact transcend our limits as a company.
To this end, on 19 May 2022 we met with 15 of Ferrer’s strategic business partners to explain our mission and mobilise them for a positive impact.
The project consists of assessing and boosting performance among our selected partners in the environmental and social arenas, as well as in corporate governance by defining actions to accompany and involve our partners in making a positive impact on society.
All the companies committed to our mission through the involvement senior management.
Suppliers for Good: our commitment to the value chain
The relationship with our suppliers is vital when it comes to improving our sustainable procurement strategy.
In 2021, we launched initiatives such as the Third-Party Code of Conduct and the new sustainable procurement policy, driven by our partnership with EcoVadis.
In 2022, we launched the Suppliers for Good programme, a cross-cutting initiative that seeks to multiply Ferrer’s positive impact on society by involving our suppliers on improvement of ESG (Environmental, Social and Governance) best practices.
The programme currently involves both the direct and indirect purchases of the group’s 4 main companies, focusing on total implication of Ferrer’s suppliers and seeking to help and guide them in the process of change and adaptation to the expected sustainable standards.
Forward strides of the Suppliers for Good programme in 2022
Third-Party Code of Ethics
We started the implementation of the SAP Ariba procurement platform, in which we ask our suppliers to register and accept the Third-Party Code of Ethics.
By the end of 2022, 247 suppliers had already accepted our Third-Party Code of Ethics (15.9% of the scope of the Suppliers For Good programme).
Supplier risk mapping
By the end of 2022, 81% of suppliers in S4G (Suppliers for Good) were mapped according to their ESG risk (corresponding to 98% of in-scope expenditure).
Environmental, social, and governance (ESG) assessment
According to the defined prioritisation criteria, we have identified 286 suppliers that should be assessed in ESG, of which 135 have already shared their ESG assessment through EcoVadis.
In total, by the end of 2022, we had 320 suppliers assessed in EcoVadis, corresponding to 43% of the in-scope expenditure.
Engagement and Support
In 2022, we defined the engagement model and started to implement some measures, mainly individual meetings with key suppliers.
EcoVadis Gold
At Ferrer, what we do is as important as the way we do it.
In 2022, we celebrated the EcoVadis gold rating for our best practices, placing us in the top 7% of companies in the pharmaceutical sector.
EcoVadis aims to create an ecosystem of interrelationships between companies that perform sustainability self-assessments on cross-cutting issues and commit to continuous improvement. It also facilitates a space of maturity in which companies can improve their relationships with each other and establish the collective commitment that is needed.
The EcoVadis Rating covers a wide range of non-financial management systems, including environmental impacts, labour practices and human rights, as well as ethics and sustainable procurement. Each company is assessed on the material aspects in accordance with its size, location and sector.
Long-term incentive: boosting our positive impact
In 2022, at Ferrer we introduced something truly extraordinary: a long-term incentive for everyone in the company.
But why?
Essentially, because we want to have a positive impact on society. Our Strategic Plan has been drawn up is such a ways as to make this mission a reality, by guiding all the decisions that we make on a daily basis.
In keeping with this strategy, we have selected priority objectives on which the company must focus in order to achieve our purpose as soon as possible.
If we succeed, we will reward the effort, contribution and commitment with a long-term incentive for all Ferrer employees: a variable remuneration that is exceptional in the corporate world.
They recognise our work
Awards and recognitions obtained in 2022:
Over the course of 2022 we have been recognised by different associations for different aspects of our activity and of the way we do things. Some of the most important awards of the year have been:
