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Pharmathen – Double Materiality Assessment

Founded in 1969, Pharmathen has grown to become one of the largest, vertically integrated developers of complex drug delivery technologies. Pharmathen remains committed to its vision to improve people’s lives through innovation and access to affordable medicines. With best-in-class research & development capabilities, Pharmathen is currently working on one of the most extensive and advanced pipelines in the industry consisting of more than 40 products, with a focus on long-acting injectables (LAI), sustained release and ophthalmic formulations produced in its US FDA and EU approved manufacturing facilities in Greece. Pharmathen’s highly diversified product portfolio of more than 90 commercialized products is sold to 250 customers and accessed by patients in more than 90 countries worldwide.
Pharmathen logo

The Challenge

Pharmathen is committed to a CSR mission; that is to make a positive impact on the lives of people, by ensuring that they enjoy better health. It is also our commitment to embrace a culture of responsibility and integrity within the workplace. Pharmathen needed a way to communicate with its stakeholders regarding what is important for them in the area of Sustainability through undertaking a Materiality Assessment to identify what is a priority for them to set future strategic goals but needed to include the financial aspect of materiality.

The Solution

CSE supported the company to undertake a Double Materiality Survey and analysis with its key stakeholders identifying the key material issues to be included in its Sustainability Report based on the GRI standards and the financial material topics.

The Benefits

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Revised Sustainability Plan and Focus on issues that matters for its key stakeholders

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Improved internal & external Stakeholder Engagement

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Determining appropriate sustainability goals

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Include financial material topics on the Sustainability Report

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