Teva

With the publication of a modern slavery statement, Teva has further demonstrated its commitment to ethical operations. As the title suggests, the document is more than mere words. It outlines the company's strategies to prevent any form of modern slavery or human trafficking within their operations and supply chains. For Teva, it's not just about doing business; it's about doing business the right way.

To tackle modern slavery, the company has instituted stringent supplier assessment procedures. Through these procedures, Teva ensures its business partners comply with labor laws and respect human rights. The focus is not just on compliance but also on ethical behavior. The assessments are not one-off checks; they are continuous processes to monitor and maintain the ethical integrity of their supply chain.

Education plays a significant role in Teva's efforts to eradicate modern slavery. By raising awareness and providing training to its employees about the signs of modern slavery and human trafficking, Teva enables its workforce to be vigilant observers who can help uphold the company's ethical standards. The training sessions have become an integral part of their operations, fostering an environment that values human dignity and rights.

A significant part of Teva's strategy involves transparency. The modern slavery statement is a public document, openly available for anyone interested in the company's ethical practices. By sharing this information, Teva not only showcases its commitment to ethical operations but also invites scrutiny, thereby keeping itself accountable.

Collaborations are key to Teva's approach. The company partners with various NGOs and other organizations to fight against modern slavery. These partnerships allow Teva to gain valuable insights and leverage the expertise of these organizations in their efforts. By joining hands with external entities, Teva adds another layer of assurance to its fight against modern slavery.

Actively manages ethical and sustainability standards in its supply chain

Ensuring Ethical and Sustainable Supply Chains, Step by Step.

Teva's journey towards more sustainable and ethical supply chain management is a story of continuous effort. It's about balancing economic success with social responsibility and environmental stewardship. By actively managing its supply chain, Teva aims to ensure that all stages of their operations respect the boundaries of our planet and the rights of individuals.

To ensure ethical compliance, Teva relies heavily on a robust supplier assessment system. This system is designed to evaluate suppliers on various criteria, including their adherence to human rights, labor standards, and environmental sustainability practices. The suppliers are not just evaluated at the beginning of the partnership; continuous assessments are carried out to ensure that the standards are upheld throughout the course of the relationship.

The company does not undertake this task alone. Teva collaborates with external auditors and experts to conduct third-party assessments of its supply chain. This collaboration provides Teva with an unbiased perspective on its operations and offers more substantial assurance of the authenticity of the results. These external reviews are essential for maintaining transparency and accountability.

In terms of sustainability, Teva is mindful of its environmental footprint. The company encourages suppliers to adopt environmentally friendly practices, and preferences are given to suppliers who demonstrate commitment to sustainable operations. It is a way for Teva to extend its environmental responsibility beyond its immediate operations and to the wider network involved in its supply chain.

Internal education is another integral part of Teva's strategy. By training its employees about the importance of ethical and sustainable supply chain management, Teva equips its workforce to make conscious decisions in their everyday work. This training enables employees to understand the impact of their actions on the overall sustainability and ethics of the company.

Actively practices inclusion

Inclusion in Action, From Recruitment to Recognition.

At Teva, inclusion is a core value that the company has strategically incorporated into its daily operations. This philosophy recognizes that diverse teams are more innovative, adaptable, and better equipped to understand and meet the needs of their diverse patient populations.

To foster a sense of inclusion and ensure it penetrates every level of the organization, Teva has instituted various programs. These programs cover everything from recruitment and training to promotion and leadership development. They're designed to identify and eliminate unconscious bias, create a culture where everyone feels respected and valued, and ensure that opportunities are open and accessible to all.

To further support professional development, we also offer educational stipends ($500 per year), for all Seesaw employees. In the past, folks have used their stipends to attend conferences, take online courses, or purchase books. We also take advantage of how knowledgeable our colleagues are and regularly host Lunch and Learns where team members can lead a presentation or discussion around a topic of their choice. Recent examples have included Understanding Equity and Stock Options, Advocacy (how to be an advocate for others), and Owning Your Career Growth.

An essential part of Teva's inclusion initiative is partnerships. Teva collaborates with numerous organizations that work to promote diversity and inclusion. These collaborations have resulted in multiple successful initiatives and programs that have boosted Teva's reputation as an inclusive employer and business partner.

Numbers and data are critical to tracking progress, and Teva has demonstrated transparency in sharing figures related to its inclusion efforts. The company has been public about the representation of various groups within its workforce, leadership, and board. This transparency allows stakeholders to hold the company accountable for its inclusion goals.

Employee engagement is also critical to fostering an inclusive culture. At Teva, there's an understanding that inclusion isn't something that's top-down - it needs to be embraced at all levels of the organization. Hence, Teva encourages its employees to take part in inclusion initiatives, offer feedback, and be part of the solution.