Vetter joins United Nations Global Compact Network

Vetter (Ravensbury, Germany), the aseptic filling and packaging CDMO has signed up to the UN Global Compact Network.
They join 308 other biopharmaceutical companies who are also a part of the agreement to work towards more sustainable business practices. Outside of the biopharmaceutical field, over 15,000 companies and 3,000 not-for-profit organisations, from 160 countries, are included in the network.
The Network is defined by ten principles, which Vetter will now have to follow as part of it’s corporate actions. The main focus of the principles is upholding human and employee rights, engaging tactics to prevent corruption, and to limit global warming.
Henryk Badack, Senior Vice President Technical Service and Internal Project Management at Vetter explained:
"We have already been pursuing a very ambitious sustainability strategy for years. By committing to the goals of the UN Global Compact, we are reaching the next level and are further expanding our initiatives to a global level."
As a collaborative network, Vetter will be able to join forces with the other companies within the agreement to work towards the same goals. The initiative means that these companies and organisations can share knowledge, ideas, and resources in the hope of upgrading processes and inciting change across the industry. Vetter will be held accountable to the goals of the compact network through a written annual report that will be open to the public, which doubles as evidence of the project and a progress report to inform the wider network.
"As a family-owned business in the healthcare sector, we bear great responsibility,” stated Badack. “And we believe in the power of cooperation. The UN Global Compact combines these two approaches very well and is also a strong commitment to shared values and goals across business sectors and national borders."
Vetter had already in place a set of it’s own sustainability values and targets, the combination will serve to better support their customers in ensuring a more sustainable supply chain and more ESG-friendly operations.

Related News
-
News 3 ways ChatGPT will impact pharma marketing teams
What does the rise of AI-powered chatbots such as ChatGPT and GPT-4 mean for pharma marketeers? -
News Innovation in Drug Delivery & Portfolio Renovation with Sofgen Pharmaceuticals
The Pharma industry is expected to reach $1.9Tn in revenue by 2027, increasing at a rate of 3-6% per year, according to IQVIA1, with some regions being driven by volume, and others by innovation. Growth in developed economies is projected to be slow, w... -
News Fully biodegradable nutraceutical packaging an industry first
An agreement signed between TricorBraun and BioBottles will give nutraceutical companies (and potentially pharmaceutical companies) in the US and Canada access to the industry’s first fully biodegradable packaging option. -
News Oxfordshire vaccine manufacturing site part of 10-year agreement between Moderna and UK government
In an effort to protect against potential future global health emergencies, the government of the UK and Moderna have cemented a 10-year partnership for vaccine manufacturing and research. -
Sponsored Content How healthcare trends inform dosage forms
Capsules encompass one of the most popular solid oral dosage forms for pharmaceutical products, with the global empty capsule market predicted to rise to USD $3.7 billion by 2026. The growth in the capsule market can be partly attributed to the many op... -
News Women in Pharma – Sukhada Chaturvedi Pharmapack 2023
This year at Pharmapack 2023, we interviewed several leading women in the pharmaceutical industry about what it means to be a woman working in pharma. In the lead-up to International Women’s Day on March 8, 2023, CPHI Online is proud to highlight... -
News 100 years of pharmaceutical packaging excellence - Pharmapack 2023 Premium Partner interview
West Pharmaceutical Services, Inc. speaks to CPHI Online about celebrating their 100-year anniversary as an industry leader, and how they plan to continue driving innovation after the challenges posed from global disruptions in the last few years. -
News Gender equity in pharma - celebrating historic women in pharma
As we continue to celebrate the contributions of women in the pharmaceutical field following International Day of Women and Girls in Science and in the lead up to International Women’s Day on March 8, 2023, we take a look at some of the historic ...
Position your company at the heart of the global Pharma industry with a CPHI Online membership
-
Your products and solutions visible to thousands of visitors within the largest Pharma marketplace
-
Generate high-quality, engaged leads for your business, all year round
-
Promote your business as the industry’s thought-leader by hosting your reports, brochures and videos within your profile
-
Your company’s profile boosted at all participating CPHI events
-
An easy-to-use platform with a detailed dashboard showing your leads and performance