Lilly Details Corporate Responsibility
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based Eli Lilly and Co. (NYSE: LLY) has released two reports detailing its 2014 corporate responsibility efforts. The company says it gave nearly $600 million in cash, products and in-kind donations last year to charitable organizations.
May 4, 2015
News Release
Indianapolis, Ind. — Eli Lilly and Company (NYSE: LLY) today released two new reports that provide a comprehensive overview of the company's corporate responsibility efforts. The reports highlight how Lilly is evolving its approach to corporate responsibility by increasingly leveraging its assets and capabilities in partnership with others to have greater, more sustainable impact.
The 2014 Corporate Responsibility Update offers a thorough look at the company's progress on numerous fronts, including charitable contributions, philanthropic initiatives, global health efforts, environmental performance, ethics and compliance, and more. The 2015 Global Health Programs Report details the work that Lilly and its nearly 50 partners have undertaken through the company's two signature global health programs—the Lilly MDR-TB Partnership for multidrug-resistant tuberculosis, and the Lilly NCD Partnership for non-communicable diseases, with a focus on diabetes.
Corporate Responsibility Update Highlights
Lilly gave more than $590 million in charitable contributions in 2014, including cash, products, and other in-kind donations.
The company has committed more than $200 million since 2003 to fight MDR-TB and diabetes in lower-income communities through its Lilly Global Health Programs.
Elanco, Lilly's animal health division, is pursuing numerous efforts to reduce hunger, including a $3 million commitment to Heifer International to help break the cycle of hunger for families in China, India, Indonesia, and Zambia.
The company helped more than 200,000 people facing financial hardship gain access to Lilly medicines through Lilly TruAssist, the company's U.S. patient assistance program.
Employees and the Eli Lilly and Company Foundation donated more than $12.7 million to the United Way in 2014, which is a company record.
More than 24,000 employees in nearly 60 countries volunteered in their local communities through Lilly's 2014 Lilly Global Day of Service.
Nearly 700 employees from 50 different countries have volunteered as Connecting Hearts Abroad ambassadors since the program launched in 2011.
Every year since 2006, Lilly has received a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index and has been on HRC's “Best Places to Work” list.
For the fourth year in a row, in 2014, Lilly was named to DiversityInc's “Top 50 Companies for Diversity” list, which recognizes corporate diversity best practices.
The company reduced water intake by 35 percent in absolute terms between 2007 and 2013, exceeding its goal of a 25 percent reduction during that period.
The company's Corporate Responsibility Update also serves as Lilly's annual Communication on Progress to the United Nations Global Compact (UNGC). As a signatory of the UNGC, Lilly shares its progress annually on 10 widely accepted principles related to human rights, labor, the environment, and anti-corruption.
Global Health Programs Report Highlights
Through the Lilly MDR-TB Partnership, the company has collaborated with nearly 40 partners since 2003 to fight the rising burden of MDR-TB, with a current focus in China, India, Russia, and South Africa.
Lilly has provided more than $20 million in funding for TB drug discovery and strengthened the capacity of more than 100,000 healthcare providers to better recognize, diagnose, and treat MDR-TB.
Through the Lilly NCD Partnership, the company is working with seven partners in Brazil, India, Mexico, and South Africa to find new diabetes care solutions for people living in poverty. The NCD Partnership is based on the concept of shared value, in which a company applies its unique assets and capabilities to create value for society and itself.
Both partnerships leverage Lilly's novel research, report, and advocate framework designed to explore and evaluate evidence-based solutions to find best practices that can be adapted, replicated, and scaled.
Source: Eli Lilly and Co.