We acknowledge the importance of collaborating with third parties in our everyday operations. On that basis we encourage the development of effective business relationships that are built on trust, mutual respect and shared values.
At LEO Pharma, we work actively to ensure third party compliance, recognising that this is important in order to protect LEO Pharma’s reputation as well as maintaining the trust of our stakeholders.
What we expect of third parties
Third parties working with or on behalf of LEO Pharma are expected to comply with LEO Pharma Third Party Compliance Code as well as applicable laws and regulations, and to uphold high quality and ethical standards. We may require third parties to review operations and develop, document and implement plans to remedy any non-compliance.
The Third Party Compliance Code defines the minimum requirements to third parties in relation to business ethics, human rights, labour rights, health and safety, environment, subcontractors and management systems within these areas.
How we collaborate with third parties
At LEO Pharma, we work closely with our preferred third parties to ensure sustainable sourcing and procurement, partnerships and collaborations.
We seek to build long-term partnerships with those third parties who are able to meet our requirements.
We assess new third parties in relation to the expectations in the Third Party Compliance Code and we evaluate on-going business relationships regularly. Activities in relation to our assessment and evaluation programme include self-assessment questionnaires, interviews, desktop review, audits and/or any other relevant measures.