UNGC communication on progress
Bristol Myers Squibb UN Global Compact Communication on Progress 2024
Bristol Myers Squibb is a participant of the United Nations Global Compact, which is the world’s largest corporate citizenship and sustainability initiative.
To our stakeholders:
Since 1887, BMS has enabled positive change for patients around the world. Our obligation to advance this legacy is profound and is reaffirmed by our ongoing commitment to upholding the ten principles of the United Nations Global Compact (UNGC).
These principles are deeply aligned with our company’s own values and commitments, which emphasize integrity, ethics, human rights, transparency, diversity and sustainability across economic, social and environmental dimensions.
Our dedication to these high standards is not just a statement of intent; it is embedded into our strategy, culture and daily operations. This commitment is reflected in the collaborative projects we undertake to advance the broader objectives of the United Nations Sustainable Development Goals, reinforcing our role as a responsible global citizen.
We support public accountability and transparency and are pleased to submit our twelfth annual Communication on Progress Report. In line with the Global Compact Communication on Engagement policy, we will report again next year on the strides made towards these critical principles.
Sincerely,
Chris Boerner, PhD
Chief Executive Officer
Implementing the ten principles into our strategy, culture and everyday business
Human Rights |
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Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights, and Principle 2: Should make sure that they are not complicit in human rights abuses. |
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Labor |
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Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining. Principle 4: the elimination of all forms of forced and compulsory labor. Principle 5: the effective abolition of child labor; and Principle 6: the elimination of discrimination in respect of employment and occupation. |
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Environment |
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Principle 7: Businesses should support a precautionary approach to environmental challenges; Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies. |
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Anti-Corruption |
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Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery. |
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Corporate functions, businesses and value chain implementation |
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Businesses should place responsibility for execution of sustainability strategy in relevant corporate functions ensuring no function conflicts with company’s sustainability commitments and objectives;
Align strategies, goals and incentive structures of all business units and subsidiaries with corporate sustainability strategy;
Ensure that different corporate functions coordinate closely to maximize performance and avoid unintended negative impacts; and
Communicate policies and expectations to suppliers and other relevant business partners. |
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