Scope
As our company grows, so does our societal impact. We recognize our obligation to our stakeholders and to the wider society.
This policy outlines the key concepts and the accompanying governance structure of CSR in Abacus Medicine.
The CSR Policy of Abacus Medicine is rooted in the 17 UN Sustainable Development Goals and the 10 principles of the UN Global Compact. These general guidelines are subsequently adapted into specific goals and action plans reflecting the actual business practices of Abacus Medicine.
We insist on a close link between our core business and our CSR efforts, and we are firmly committed to the concept of materiality. We want to do better, where it really matters.
We report on our progress regularly and publish an annual CSR Report on www.abacusmedicine.com
Governance structure
CSR in Abacus Medicine is organized in a 3-layered structure where strategy and daily operations are connected through a secretariat function:
Each focus program has specific goals and a separate action plan. The number of focus programs may change from year to year.
A. Steering committee
Role and Responsibilities: Sets the strategic direction for CSR in Abacus and ensures management buy-in. Prioritizes and approves all focus programs annually. Meets quarterly to discuss and evaluate progress in focus programs and CSR in Abacus overall.
Members consist of predominantly executives and department managers. Members are appointed based on their relevance to the currently ongoing focus programs, and may rotate from year to year.
B. CSR Secretariat
Role and Responsibilities: The CSR Secretariat is a support function. It coordinates activities, develops the common framework for CSR in Abacus and provides shared tools.
Responsibilities include:
• Group reporting: Internal (quarterly) and external (ongoing and annually)
• Organize steering group meetings
• Liase with program managers and provide support
• Update CSR Policy
The CSR Secretariat is manned by:
• Head of Communications
• Controller from Finance
C. Focus programs
Role and Responsibilities: Focus programs represent the operational arm where change is implemented through daily action. Focus programs may change from year to year in order to reflect the constantly evolving nature of our business.
Each focus program defines its own action plan with relevant activities, goals and measuring methodology. Each focus program establishes a baseline where relevant. Progress is reported to the Steering Committee quarterly.
Program managers and relevant program working groups are appointed based on their relevance to the currently ongoing focus programs, and may rotate from year to year.
