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How Sustainability Affects Decision Making Pfize r

Pfizer Sustainability

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A presentation on sustainability of Pfizer using Triple Bottom Line. This was researched and presented by my colleagues and I as part of the Accounting Issues module.

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Page 1: Pfizer Sustainability

How Sustainability

Affects Decision Making

Pfizer

Page 2: Pfizer Sustainability

IntroductionBased in New York

Largest multinational company by Revenue

“World’s most valued company to patients, customers colleagues, investors, business partners, and the communities where we work and live in.”

Strong economic practice, environmental sustainability council

Reduce carbon emissions, greenhouse gases and reduce water usage

Page 3: Pfizer Sustainability

Economic Sustainability

Page 4: Pfizer Sustainability

What is Economic Sustainability?

Practicing different strategies

Utilising existing resources to an optimum amount

Achieve a responsible and beneficial balance over the long

term

Page 5: Pfizer Sustainability

Monitor, Evaluate, Measure, Track

and Report

Internal Audits, Facility Self-Assessments

Management System Reviews

Key Performance Indicators to Measure their Global

Performance

In a Business Context

Page 6: Pfizer Sustainability

“To achieve economic sustainability, the presumption that old age is more or less synonymous with dependency and disability must become obsolete”

“Global policies to support older generations created in the 20th century are not fit for the 21st-century demographic transformation.”

Theresa Firestone, head of ‘Asia - Emerging Markets’ in Pfizer

Breaking into the Ageing Asia-Pacific Population

Page 7: Pfizer Sustainability

Environmental Sustainability

Page 8: Pfizer Sustainability

What is Environmental Sustainability?

Benefiting the Environment

Responsible decisions

Future sustainability

Page 9: Pfizer Sustainability

Pfizer’s “Green Journey”

Goals for 2020

40% Reduction in Carbon Emissions 2000 – 2012

Future Reductions in Waste and Water

Involving Supply Chain Partners

Page 10: Pfizer Sustainability

Reporting on Environmental Sustainability

Key Performance Indicators

Environment, Health and Safety (EHS)

Greenhouse Gas Protocol

Annual Integrated Report

Accuracy

Transparency

Usability

Page 11: Pfizer Sustainability

SocialSustainability

Page 12: Pfizer Sustainability

Pfizer:“global presence and scale to make a difference in local communities and the world around us”

Social Sustainabilit

y

Processes, Systems, Structure

and Relationship

s

Support Generations

Create Healthy

Communities

Equitable, diverse and connected

communities

Provide a good quality

of life

Page 13: Pfizer Sustainability

Break self-imposedand societal boundaries

Better quality of lifeat every age

Share experiences with the hope to inspire

Awarded €1.3m to AGEnda to advance their efforts to become great places to grow up and grow old

Get Old Programme

Page 14: Pfizer Sustainability

Colleagues situated in underdeveloped countries

Professional and Medical expertise

Maternal health, fighting disease, use of lab equipment, etc.

Gains an insight on global health challenges and help resolve issues

Page 15: Pfizer Sustainability

ConclusionStrong internal system

Reduce pollution in the communities

Help individuals realise the value of their lives

Decision-making as seen in KPI’s and integrated report