Merck & Co., Inc., Announces New Disclosures in Just-Released Corporate Responsibility Report |
Renewed Commitment to Transparency Company Listens, Responds to Stakeholders in Working Toward a Healthier Future |
WHITEHOUSE STATION, N.J., Oct. 27, 2008 - Starting today, Merck will begin disclosing grants provided by its Global Human Health Division to U.S. organizations in support of independent accredited educational programs for health care professionals, the portion of dues that major U.S.-based trade associations report to the Company as being used for advocacy and/or political activities in the United States, and the registration status by country for two of the Company's newest vaccines and all of its HIV medicines as part of its increased commitment to transparency. Merck will begin disclosing the information in its 2006-2007 global corporate responsibility (CR) report, which it published today at www.merck.com/corporate-responsibility/. The report, focused on the theme of "Listening, responding and working toward a healthier future," includes more than 65 key performance indicators on environmental, social and governance issues of greatest significance to Merck and its stakeholders. "Patient groups and health care professionals, governments and nongovernmental organizations, payors and investors, our communities and our own employees have expressed their needs, concerns and expectations," said Merck Chairman, President and CEO Richard T. Clark. "We believe that the best way to address the concerns, risks and questions facing our business and to build a foundation of trust is to be more transparent about the way we operate. By doing this, I am confident that we will continue to succeed in our most fundamental responsibility – discovering and developing medicines and vaccines that make a difference in people's lives and create a healthier future." Focusing on What Matters to Stakeholders and to Company's Success
The report provides greater detail than the Company has in the past on these issues in terms of the challenges it faces, its strategy and its performance. The report includes key performance indicators, metrics and targets for many of the areas discussed. Based on input from stakeholders since its last report, Merck also seeks to articulate the business case for CR at Merck; to provide greater emphasis of CR impact; to explain how CR is integrated and governed within Merck; to be more explicit about how the Company measures and manages its operational risks; and to create a more robust stakeholder engagement process by including stakeholder voices in its annual CR report. The report also includes key highlights from the past two years, including:
Merck used several external guidelines and measurement frameworks to inform the scope of its reporting, including the Global Reporting Initiative (GRI 3) Guidelines¹, the Millennium Development Goals² and the Access to Medicines Index³. Merck reports at a self-declared reporting level of B on the GRI3 Guidelines, which has been confirmed by the GRI. In addition to the 64-page print report, additional information, case studies and metrics are available at www.merck.com/corporate-responsibility/. An abbreviated executive summary with key highlights of the Company's CR activities will also available on the Web site later this year. Hard copies of the report and executive summary are available upon request on the website. Stakeholder Input Helps Frame Report The Company encourages stakeholder feedback on the report at www.merck.com/corporate-responsibility/ or by writing to Merck & Co., Inc., Office of Corporate Responsibility, WS2A-55, One Merck Drive, Whitehouse Station, N.J., 08889, U.S.A. Merck plans to publish its next report in 2009. About Merck Forward-Looking Statement |
¹ http://www.globalreporting.org/ReportingFramework/G3Guidelines/ |
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