Takeda’s suppliers are very important in Takeda’s mission to “strive toward better health for people worldwide through leading innovation in medicine.” Given Takeda’s global reach, ensuring the sustainable procurement of our goods and services is paramount.
Sustainable procurement achieves value for money spent while generating benefits to society, the economy and reducing environmental impact and other governance and compliance risks. At Takeda, sustainable procurement ensures that Takeda’s suppliers conduct business in the same manner we do – with a focus on social, environmental and economic good. It is a key element of our supply chain management process. As a signatory to the United Nations Global Compact, Takeda takes its commitment to assess and improve its supply chain in the areas of human rights, labor, the environment and anticorruption very seriously.
Rooted in Takeda-ism, sustainable procurement aligns our 90,000+ suppliers in over 70 countries with our corporate social responsibility (CSR) practices. It helps maintain our pledge to act with integrity, fairness, honesty and perseverance.
The sustainable procurement process continually balances risk and opportunity in Takeda’s dealings with suppliers:
• Risk – Avoiding the practices that harm people or the environment; could hurt Takeda’s reputation; or represent significant business or supply risk
• Opportunity – Aligning suppliers with our CSR practices, and influencing them to improve, reduce waste and innovate
The Takeda Supplier Code of Conduct specifies our expectations for supplier performance. It plays a critical role in supplier risk management, including engagement, selection and assessment.
Takeda’s procurement risk management process requires that we conduct reasonable due diligence in engaging, selecting and assessing suppliers throughout their Takeda lifecycle.
Supplier diversity is critical for providing an economically and socially diverse supply chain at Takeda.
Questions about Takeda’s sustainable procurement program can be sent to: sustainableprocurementtakeda.com