RESPONSIBLE CORPORATE CITIZENSHIP
Aspen’s vision, “To deliver value to our stakeholders as a responsible corporate citizen that provides high quality, affordable medicines 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 our investors, employees, customers and business partners.
Our Broad-Based Black Economic Empowerment (“B-BBEE”) philosophy
Our heritage is firmly rooted in South Africa and the South African business remains a material contributor to the Group. As such, we are acutely aware of the need for transformation in South African society in order to overcome the consequences of previous discrimination and to create an equitable society in which all individuals have equal opportunities, free from prejudice. By so doing, South Africa will benefit from the social reparation of past injustices and the added economic contribution of inclusive and unrestricted participation by all citizens.
To this end, we are fully supportive of constructive measures introduced by government to facilitate effective transformation in South Africa. We have embraced the Department of Trade, Industry and Competition’s B-BBEE Codes and, through transformation, seek to harness the strength and power of our diversity, respecting each person’s individuality. We have embarked on a transformation process and made meaningful progress in this regard.
Based on the verification recently completed by Empowerdex, the Group scored 84,5 (2020: 84,5) points (100% procurement recognition level). Aspen achieved a Level 4 rating and was verified as an A-rated empowering (B-BBEE contributor status) supplier, thus enabling its customers to recognise their procurement from Aspen in terms of the revised codes. An overview of the Group’s progress towards compliance is outlined in our BBBEE Report 2021.