Teva's annual social impact report highlights achievements related to the two pillars that drive the Company’s initiatives: building healthy communities and leading a responsible business.
Teva Pharmaceutical Industries Ltd. published its annual social impact report, highlighting achievements related to the two pillars that drive the Company’s initiatives: building healthy communities and leading a responsible business.
Teva’s 2017 Social Impact Report spotlights the company’s commitment to corporate responsibility and transparency, and provides context on its efforts to contribute to healthy communities in ways the business can uniquely support—through safe medicines, collaboration, health initiatives and innovative research. The report also presents six new corporate positions and policies, establishing the company’s commitment to donations, human rights, diversity and inclusion, occupational health and safety, the environment and antimicrobial resistance.
“Since joining the company late last year, I have been motivated by the opportunity to advance our legacy of promoting health. Operating as an ethical, enduring enterprise is critical to continue bringing value to our business, our stakeholders and society,” said Kåre Schultz, President and CEO of Teva. “Social Impact is inherently embedded in our brand, as Teva is uniquely positioned to improve health by offering accessible treatments to millions worldwide.”
Teva also outlined progress on its signature initiative to address the challenges of non-communicable diseases by uncovering solutions to multiple chronic conditions (MCC) with the release of an independent research report, Multiple Chronic Conditions: The Global State, in 2017. The report quantifies health, economic and personal challenges of patients with MCC and the burden on communities and systems.
“We are continuing to focus on engagement with patients, caregivers and communities, ensuring we communicate with them in a cohesive way, and this is a central element of our social impact efforts,” said Iris Beck-Codner, Teva’s Executive Vice President, Global Brand & Communications. “These activities bring our new brand promise to life, enabling people to live better days, and support our goal to make the world a healthier place.”
Contributing to healthy communities
As part of Teva’s ongoing efforts to contribute to healthy communities in 2017, Teva invested $1.8Bin R&D, contributed $82.3M across more than 25 countries through donations, patient assistance and community involvement, and funded more than $350,000 of research on genetic disorders and autism brain mechanisms. Additional efforts included the support of 80 patient programs in 38 countries, reaching more than 300,000 people and convening 17 patient groups via the Improving Health Global Patient Advocacy Dialogue. Finally, Teva assembled global health leaders to discuss potential solutions to MCC at the World Economic Forum Sustainable Development Impact Summit.
Leading a responsible business
Teva has conducted its business with integrity through investments such as $120M in a global program to make medicines at 38 facilities counterfeit-compliant ahead of anticipated regulatory changes, and a $20.3M investment in 87 energy-efficiency projects, which yielded annualized electricity savings, while reducing greenhouse gas emissions by 16,700 tons.
Carlo de Notaristefani, Teva’s Executive Vice President, Global Operations, added, “For Teva, social impact is rooted in responsible business and manufacturing practices. This work includes ensuring transparency and compliance in our operations, protecting the environment and supporting our employees and the places we call home. It also encompasses efforts focused on improving patient lives and increasing access to healthcare, working together with partners across sectors.”
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is a leading global pharmaceutical company that delivers high-quality, patient-centric healthcare solutions used by millions of patients every day. Headquartered in Israel, Teva is the world’s largest generic medicines producer, leveraging its portfolio of more than 1,800 molecules to produce a wide range of generic products in nearly every therapeutic area. In specialty medicines, Teva has a world-leading position in innovative treatments for disorders of the central nervous system, including pain, as well as a strong portfolio of respiratory products. Teva integrates its generics and specialty capabilities in its global research and development division to create new ways of addressing unmet patient needs by combining drug development capabilities with devices, services and technologies. Teva's net revenues in 2017 were $22.4 billion. For more information, visit www.tevapharm.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on management’s current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to:
and other factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2017, including in the section captioned “Risk Factors,” and in our other filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov and www.tevapharm.com. Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.
Source: Teva Pharmaceutical Industries Ltd.
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