Sustainability Overview

Aspen’s vision, “to deliver value to all stakeholders as a responsible corporate citizen that provides high quality, affordable medicines and products globally’, encapsulates the Group’s inherent approach of conducting business ethically, ​​​​​​​with integrity and with a commercial wisdom which strives to enhance the economic and social well-being of its investors, employees, customers and business partners.

ASPEN’S APPROACH TO SUSTAINABILITY

Aspen recognises that doing business in a sustainable manner is imperative to ensuring the its future viability, as such sustainability considerations underpin Aspen’s strategy and are integrated into its day-to-day-activities.

​​​​​​​Aspen’s material sustainability issues are grouped into 10 sustainability objectives which are aligned to the Group’s strategic objectives, the related capitals and the relevant KPIs. The A&R Co reviews and approves the sustainability objectives and the determination of the related KPIs. The Board monitors Aspen’s performance with reference to these KPIs on a regular basis.

Material sustainability issues are determined through ongoing interactions with the Group’s key stakeholders with reference to:
• external factors impacting the Group’s business model and pursuit of strategic  objectives;
• key business risks impacting the Group’s sustainability;
• the Group’s mandated responsibility to its stakeholders in terms of the business model and related stakeholder expectations;
• the value exchange and/or opportunity cost of the applied financial, manufactured & intellectual, human, social & relationship and natural capitals to the business as well as the responsible management of these; and
• the Group’s responsibility to stakeholders and transparency in reporting as set out in the GRI  Sustainability Reporting Guidelines, King III, Companies Act of South Africa, BBBEE Codes in South Africa, the JSE/FTSE Responsible Investment Index, the Carbon Disclosure Project  and the UN Global Compact.

ASSURANCE

Assurance in respect of the sustainability KPIs is obtained by means of a combined assurance approach, with ERM providing assurance on the key SHE indicators in line with the AccountAbility AA1000 Assurance Standard, PwC providing assurance on the financial indicators and other assurance providers such as the Group’s Internal Audit and Empowerdex providing assurance on the balance of the indicators reported.

CONTACT DETAILS

Jeanette Englund

+27 31 580 8600

JEnglund@aspenpharma.com

DOWNLOADS

Aspen Sustainability Data Supplement 2016

PDF 2.3MB

Water Disclosure 2016

PDF 488.9KB

Carbon Disclosure 2016

PDF 841.9KB

Environmental Management Principles January 2016

PDF 149.6KB

Equity Report - Fine Chemicals Workforce Profile 2015

PDF 164.4KB

Equity Report - Pharmacare Workforce Profile 2015

PDF 162.8KB

ERM Assurance Statement Aspen October 2016

PDF 307.1KB

KPI Opinion

PDF 417.6KB

Aspen ABO Certificate 50001 - English

PDF 812.2KB

Aspen ABO Certificate 50001 - Afrikaans

PDF 812.2KB

Aspen Dandenong - ISO 14001

PDF 402.4KB

Aspen Dandenong - OHSAS 18001

PDF 402.4KB

Aspen ISO9001 14001 Certificate

PDF 1.2MB

Aspen NDB - ISO 14001

PDF 502.4KB

Aspen NDB - OHSAS 18001

PDF 507.5KB

Aspen Pharma - ISO 14001

PDF 310.9KB

Aspen Pharma - OHSAS 18001

PDF 296.0KB

Aspen South African Operations - ISO 14001

PDF 807.5KB

Aspen South African Operations - OHSAS 18001

PDF 791.4KB

Vallejo ISO 14001 Certficate

PDF 251.7KB

Vallejo OHSAS 18001 Certificate

PDF 241.1KB

Financial Capital

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Manufactured & intellectual Capital

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Human Capital

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Social & relationship Capital

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Natural Capital

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Financial Capital


Aspen aims to create value for all of its stakeholders, including its shareholders, employees, customers, providers of capital, governments and business partners. To achieve this, the Group seeks to manage its financial capital in a commercially astute and diligent manner to harness opportunities for long-term sustainable economic growth.

Strategic objective



To create sustainable economic value for all of our stakeholders

Aspen's sustainability objectives


Adding economic value to stakeholders Maintenance of financial health

Material KPIs


  • Return on ordinary shareholders’ equity
  • Growth in gross revenue
  • Growth in EBITA*
  • Growth in normalised headline earnings per share (“NHEPS”)
  • Value added per employee
  • 2016 assurance provided: PwC


 
 
  • # Measured for manufacturing businesses only (does not include Kama and NZNM).
  • * South African businesses only.

Manufactured & intellectual Capital


Through its strategically focused intellectual property portfolio, vertically integrated supply chain, specialist manufacturing capabilities and broad distribution network, Aspen produces and supplies high quality, affordable medicines and products, enhancing access to healthcare in over 150 countries.


Strategic objective



To enhance access to high quality, affordable medicines
To achieve strategic advantage through our integrated supply chain

Aspen's sustainability objectives


Sustaining life and health through high quality, affordable medicines
Sustaining a cost-competitive manufacturing base

Material KPIs


  • IMS Health (Pty) Limited (“IMS”) value of total product pipeline for the next five years
  • Number of product recalls

2016 assurance provided: Internal Audit

  • Return on total assets
  • EBITA margin

2016 assurance provided: PwC


 
 
  • # Measured for manufacturing businesses only (does not include Kama and NZNM).
  • * South African businesses only.

Human Capital


Aspen is made up of a team of more than 10 000 committed, responsible, dynamic and solutions-oriented individuals who, collectively, represent the Group’s human capital. Built on the foundation of strong Group values and a commitment to the Aspen Code of Conduct, Aspen strives to provide a safe, challenging and rewarding environment for each of its employees.


Strategic objective



To provide a safe, challenging and rewarding environment for our employees

Aspen's sustainability objectives


Creating an environment in which our employees can thrive
Providing a safe working environment

Material KPIs


  • Average staff turnover
  • Average training spend per employee

2016 assurance provided: Internal Audit

  • Disabling incident frequency rate (“DIFR”)
  • Lost work day frequency rate (“LWDFR”)

2016 assurance provided: ERM


 
 
  • # Measured for manufacturing businesses only (does not include Kama and NZNM).
  • * South African businesses only.

Social & relationship Capital


At Aspen, responsible corporate citizenship is more than a compliance requirement, it is fundamental to the Group’s objectives. Aspen recognises that there are inseparable linkages between its sustainable growth, its relationships with key stakeholders and its contribution to society in the broader context.


Strategic objective



To practise good corporate citizenship

Aspen's sustainability objectives


Promoting equality
Conducting our business in a responsible manner

Material KPIs


  • Percentage of female employees

2016 assurance provided: Internal Audit

  • BBBEE accreditation in South Africa*

2016 assurance provided: ERM

  • Number of material incidents of legislative infringements

2016 assurance provided: Internal Group Compliance officer review


 
 
  • # Measured for manufacturing businesses only (does not include Kama and NZNM).
  • * South African businesses only.

Natural Capital


As a manufacturer of quality medicines, APIs and nutritional products, Aspen is reliant on the conversion and use of natural capital in creating value for its stakeholders. Further, Aspen’s operations directly and indirectly impact the environment. The Aspen Environmental Management Protocol confirms the Group’s commitment to the responsible management of the environment across all its operations.

Strategic objective



To practise good corporate citizenship

Aspen's sustainability objectives


Preserving the environment
Managing the efficient utilisation of scarce resources

Material KPIs


  • Carbon emissions#
  • Waste recycled#

2016 assurance provided: ERM

  • Water used#
  • Electricity used#

2016 assurance provided: ERM


 
 
  • # Measured for manufacturing businesses only (does not include Kama and NZNM).
  • * South African businesses only.