Purpose in action – Business ethics

Wherever we work around the world, it is our job to ensure that we continually raise awareness, engage and empower colleagues to make the right decisions in the workplace. We are guided by The Ferring Philosophy, our commitment to the UN Global Compact’s Ten Principles and a comprehensive set of internal policies and practices.

Our approach

Ethical behaviour is the responsibility and expectation of everyone at Ferring, built upon the Ferring Philosophy and our core values. Oversight and management of ethical issues and behaviours across the organisation is carried out by the Ethics and Compliance Board Committee, our Chief People and Values Officer and the Global Ethics Office. In addition, we have a team of committed ethics co-ordinators around the world to support, build and cultivate ethical mindsets. We also have a duty to protect the privacy of our employees and patients. This is safeguarded by our Global Privacy Policy and supported by our Global Privacy Officer, who keeps us up to date on our obligations around the world.

Our responsibilities extend to ensuring that we make the right choices when we select our suppliers, and we proactively seek to work with those who align to our own Supplier Conduct Principles.

Code of Conduct

Our Code of Conduct sets out our expectations of all persons acting on Ferring’s behalf, whether under an employment contract or any other form of engagement. This includes compliance with both the letter and the spirit of all local laws, regulations and relevant industry codes. In 2019, 95% of Ferring employees were successfully trained on the Code of Conduct, which has been translated into 15 different languages.

A responsible supply chain

In 2019, Group Procurement implemented
a Supplier Selection Matrix which formally takes into consideration potential suppliers’ sustainability policies and practices. This means that suppliers with processes in place to responsibly manage their supply chains will improve their chances in the selection process.

The Ferring AlertLine

The Ferring AlertLine exists to help employees with the support they may need if they encounter potential breaches of the Ferring Philosophy, Code of Conduct or any of Ferring’s other policies and guidelines. While colleagues are encouraged to address any concerns in person first, the AlertLine enables an independent and confidential means of raising concerns, and is available in over 180 different languages.

As we grow as a business, we must further broaden and deepen our ethical mindsets. With a focus on increased training and awareness, the Ferring Philosophy will continue to guide our decisions and behaviours, our company culture will thrive and our strong ethical heritage will remain at the heart of Ferring in the future.

Mary Knight
Senior Manager, Global Ethics and Operations