Listening, responding and working toward a healthier future
In June – July 2008, Merck spoke with more than 20 external stakeholders representing a variety of constituencies. In one-on-one discussions we talked about our planned approach to reporting, Merck's CR materiality assessment process and the broad material headings we had identified. We also shared with them a draft outline of our CR report, and our ideas and concepts for key performance indictors, metrics and targets.
Our goal in these discussions was to listen to our stakeholders' perspectives and recommendations. We have reflected their comments where feasible and appropriate in our website and CR report. We will use the insights gained through these and ongoing discussions with our stakeholders to inform future reporting. Beginning with our next report, we anticipate establishing a more formal, ongoing stakeholder engagement mechanism with our reporting process.
Provide more details on Merck's monitoring of clinical trials, including the number of audits of clinical research organizations, actions taken and terminations of partners
Discuss Merck's access strategy in developing and middle income markets beyond HIV products and vaccines
We recognize the importance of ensuring access to all of our products to reach more people. We intend to expand our presence in emerging markets and are exploring business models for all our products to reach new populations. We will report on developments in future reports.
Provide Merck's perspective and role in the right to health
With regard to our advocacy approach, recommended disclosure threshold of $50,000 vs $100,000 for lobbying dues to trade associations used for advocacy and/or political activities
Based on this feedback, we lowered our threshold to $50,000
The content on this page was last modified on October 24, 2008.
Merck did not compensate stakeholders as part of this engagement process. *Merck pays annual membership dues to the Boston College Center for Corporate Citizenship and The Conference Board. **Merck engages The Albright Group to provide strategic guidance on a number of issues outside of CR reporting.