Game changer ESG: How to successfully transform the life sciences industry

The sustainable orientation of life sciences companies requires a comprehensive business transformation. Our publication „Unravelling sustainable business transformation in Life Sciences” presents sector-specific insights into strategic and regulatory considerations that can contribute to sustainable business management.

They are based on current research, the expertise of our international network of companies and the perspective of some of the industry's leading companies:

• Prioritise transparent communication with stakeholders. This is crucial to maintain their trust in your sustainability goals and activities. This includes regulators, business partners, investors as well as the public and customers.
• Invest in effective ESG reporting to mitigate regulatory risk and liability risk for executives. This can help avoid unpleasant and costly surprises. This includes utilising appropriate data collection technologies and implementing due diligence and monitoring activities.
• Refrain from making only minor adjustments here and there, even if it seems tempting. This is because we see time and again that a hesitant approach leads to hesitant results in terms of greater sustainability. Coordinated change management throughout the entire organisation and value chain is therefore recommended.
• Companies in the life sciences sector are systemically relevant. They should utilise this influential position to ensure fair and affordable access to their products and therapies. This not only contributes to your company's resilience, but also enhances its reputation.
• Use the sustainable transformation of your company for another necessary development: digitalisation. New technologies and ESG goals should be planned and implemented together in order to utilise synergies and benefits holistically.

Regardless of where you are in your corporate transformation, we will accompany you on this journey. Feel free to contact us directly.

Would you like more information on the topic of sustainable transformation? Here you can download the publication „Unravelling sustainable business transformation in Life Sciences“ free of charge.