OUR ESG
In the same way that it drives the development of our transformational medicines, innovation fuels our approach to practices related to environmental, social and governance (ESG) matters.
We are focused on enhancing patient access to medicines, being an employer of choice and prioritizing environmental sustainability, all while operating with the highest levels of quality, integrity and ethics. Our strong governance profile includes board oversight and active participation and reporting from leadership and team members across functions and geographies.
Faron is committed to maintaining and promoting high standards of business integrity. Our values, which incorporate the principles of corporate social responsibility and sustainability, guide its relationships with clients, employees and the communities and environment in which it operates. Our approach to sustainability addresses both its environmental and social impacts, supporting its vision to remain an employer of choice, while meeting client demands for socially responsible partners.
In practice
By putting ESG into practice, Faron is committed, wherever possible, to:
- developing treatments for medical conditions with significant unmet needs
- conducting itself responsibly and in an ethical manner
- creating a positive and supportive working environment
- acting fairly in its dealings with suppliers and other third parties
- minimizing the impact on its environment
The well-being of our communities is enriched by a safe, clean and healthy environment. Faron is committed to behaving responsibly and to minimizing its impact on the world around us. In considering the environment, we have resolved to include environmental factors in our business travel practices and to minimize our consumption of natural resources and manage waste through responsible disposal and reuse and recycling. Faron endeavors also, through its suppliers, to make environment-friendly choices where possible, for example when selecting packages for our drug substances.
Driving everything we do is a team of dedicated and talented professionals who share a commitment to working every day to deliver innovative medicines for patients with serious and life-threatening diseases. Not only do we hire the best and brightest people, but we also provide them with a work environment that places a premium on diversity, integrity, collaboration, community involvement and personal development. We have created an inclusive and empowering culture that embraces diverse experiences and perspectives of all our employees to drive innovation and transformative scientific and business results. Faron considers all staff members to be equal and aims to create a working environment which is free of unlawful discrimination. In this regard, we maintain an internal code of conduct based on professionalism and respect.
Governance Accountability is fundamental to our business. Faron respects local laws and customs while supporting international laws and regulations. We aim to adopt the highest professional standards and not to act in such a way as to compromise their integrity. The Company is also committed to eliminating unlawful discrimination and to promoting equality and diversity in its professional dealings, which includes a commitment to enter into clear and fair contracts with its suppliers.
Equality
The cornerstone for Faron’s internal policies is its Code of Business Conduct and Ethics, which embodies the standards and policies under which Faron operates. The code combines the values and corporate responsibility commitments to provide the framework and guidance for its employees to operate in an open, honest, ethical, and principled way. Faron continuously trains its employees on e.g., business ethics, securities regulations, and data privacy.
The Board has overall responsibility and plays a key role in ensuring the appropriate systems and controls are in place and effective. As described in the Annual Report, the Company complies QCA’s Corporate Governance Code for Small and Medium Sized Companies. Faron is fully committed to the highest possible standards of openness, honesty, and accountability. In line with that commitment, we actively encourage all staff members who have serious concerns about any real or perceived departure from the high ethical standard that it sets to voice those concerns openly.