Responsible Health Initiative Boris Abramovic June 21, 2019 04:05 Updated Pharmaceutical, Biotechnology, and Healthcare leaders are realizing the urgent need and opportunity to improve the social, ethical, and environmental impact within their supply chains. In response, the following pioneering companies have founded the Responsible Health Initiative - powered by EcoVadis: GlaxoSmithKline, Teva Pharmaceutical Industries Ltd. and Takeda are collaborating in this joint effort to accelerate progress on shared needs, goals, challenges. The vision of the Responsible Healthcare Initiative is to create synergies between companies active in the healthcare and pharmaceutical sector to raise standards and improve sustainability and CSR performance across the industry sector through: Harmonized standards for CSR assessment A common platform for sharing and monitoring performance Shared tools to boost engagement and improvement plans Increased visibility, ease of reporting and benchmarks The initiative will be powered by EcoVadis’ scalable platform and trusted methodology, which offers deeper transparency and insight into suppliers’ ethics and business practices. For the third parties and business partners of the RHI members, RHI will: Increase your company’s visibility to create trading relationships; Enhance efficiency of sharing of your sustainability performance with all the member companies; Reduce barriers and administrative burden for your company and encourage transparency across the industry value chain. Your acceptance to participate in a CSR assessment as requested by one of these members is an express acceptance to share your CSR performance rating with all current and future RHI members on the EcoVadis network. We encourage you to share with all current and future members, however, your company can opt out by not accepting CSR Assessment requests from RHI members. If you would prefer to share with only one member, please contact the EcoVadis Support team. Related articles What is a sector initiative? What type of supporting documents can I provide? What is Responsible Beauty Initiative? What is TfS (Together for Sustainability)? How are the EcoVadis medals (CSR recognition levels) assigned? Comments 0 comments Article is closed for comments.