Sanofi, a leader in the healthcare space based in France, is an outstanding example of a multifaceted implementation of ESG strategy. With their strong commitment to diversity and inclusion among executives and their entire company, coupled with their aggressive pledges to reduce their carbon footprint, Sanofi proves to be a leader in their space.
There is a discernible difference between claiming to follow ESG protocol and actually being a pioneer in the field, implementing environmental, social, and governance policies across the board. So what makes Sanofi stand out?
A primary reason is the four key factors the company adheres to when implementing their strategy, which are as follows:
- Economic value
- Health value
- Scientific Value
- Social Value
How is that value actually being realized?
For one, there are healthcare access programs across 117 countries, with healthcare solutions available in more than 170. Sanofi has trained over 260,000 healthcare professionals, and vaccinated over ½ billion people worldwide in 2020. The scope of their outreach is accelerated by the scientific value the company holds, through a focus on R&D in areas such as breast cancer, hemophilia, multiple rare diseases, respiratory syncytial virus and multiple sclerosis.
Sanofi takes their work one step further by adding social value to their work, giving work-study contracts to priority neighborhoods, working with the French government’s urban renewal policy, and numerous initiatives.
They have set ambitious goals for the next decade, already accomplishing many of them far in advance. According to Sanofi, “Fostering inclusion and sustainability in the local ecosystems in which we work and serving our communities through volunteering” is of the utmost priority. Local initiatives with vulnerable populations, action for youth education, and employment opportunities have transformed their presence in France and beyond.
In pursuance of their commitment to ESG, they have committed to having 40% of women at the executive level by 2025. As of 2021, they have over 60% of their 2,500 employees who are women. Establishing a “Gender Council” has spearheaded their 2025 mission, a group whose members support regional networks around the world and sponsor initiatives to promote gender parity in the company.
On the environmental side of ESG, Sanofi minimizes their potential environmental impacts through an environmental sustainability program, Planet Mobilization, which covers the entire lifecycle of products, up until the disposal by a doctor or patient.
By 2025, they pledged 100% eco-design for all of their new products. By 2030, they will have 100% renewable electricity on all sites, along with a 100% carbon neutral car fleet. Sanofi boasts the highest rating on the Customer Data Platform’s prestigious list for their role in protecting water resources.
Sanofi is an example of what it takes to tackle global challenges across a myriad of industries. Past just the fight against infectious diseases such as polio, Sanofi also has incredible goals to reduce the environmental impact of its products and worldwide operations, while providing more opportunities for vulnerable populations around the world.
1https://www.sanofi.com/en/investors/company-overview/socially-responsible-investment
—
Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. Forecasts contained herein are for illustrative purposes, may be based upon proprietary research and are developed through analysis of historical public data.
The information here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.