The Ludof Pharmaceutical Ltd way

Rules of ethics

Reliability is essential for our business success and can only be created if trust exists. 
Ourcustomers must be able to have confidence in us. Our profits are based upon how well we can demonstrate reliability. We must therefore ensure that our conduct meets high ethical standards.

We must also follow national and international laws and regulations, as they apply in each country where we do business, and must not in any way ignore global group policies, our values, or the reputation of our brand. We should comply with the ten principles of the UN Global Compact. 

Applicability

This Policy applies to all companies (subsidiaries, affiliates) and employees in the Group, regardless of entity or country. We must all work according to the rules, and maintain a high level of integrity and honesty. Our actions must reflect our mission and basic values.

Our Code of Conduct is our statement of ethical and compliance principles that guide our daily operations. The Code of Conduct establishes that we expect management, employees and agents of our company to act in accordance with law and applicable company policy. The Code articulates our fundamental principles, values and framework for action within our Group.

All managers are required to communicate information regarding the Rules of Ethics, and to ensure that these are understood and observed. All managers must strengthen the Rules by setting a good example. No one is authorised to allow exceptions from these Rules.

Vision

To be acknowledged as the best in class provider of contract development and manufacturing solutions to the pharmaceutical industry by our customers, employees and other stakeholders. 

Mission

We offer our expertise and facilities for the development, production and supply of pharmaceuticals to demanding customers for global use.

We reward success, encourage personal and professional development and offer exciting challenges and participation in the company’s development.

We contribute to the improvement of health and care for the environment.

We shall be characterised by pride in our company, high quality standards, creativity and delivering on our promises.

Our values

Tenacity
Reliability
Professionalism
Entrepreneurship

Norms of Conduct

What are considered to be proper business practices and the infringement of these varies from country to country and industry to industry.

Ludof Pharmaceutical Ltd supports free trade and strives to reach its business goals with a fair competition. We shall always strive to compete in a fair and ethical way. We don’t accept direct or indirect offers, demands or bribes of any kind.

Gifts, invitations and private privileges must only be accepted from a third party if this would comply with proper business practices and does not violate regulations of the Group or applicable law or custom.

Employees shall not offer, solicit or accept gifts, kick backs, invitations or other individual privileges that might affect any business transaction. Invitations may only be given or accepted in cases where they would be within the limits of proper business practices. If there is any question, the employee must always discuss the matter with his/hers supervisor who will decide how to proceed.

Under our ethical standards, each employee is accountable for:

• Treating all customers and suppliers in a fair and honest manner.
• Safeguarding and properly using Group properties, information, assets and resources.
• Maintaining confidentiality of non-public information and not acting on such information for personal gain.
• Communicating in a honest, open and genuine manner.
• Adhering to Group standards for protecting the environment and safety and health of our employees, our customer, our communities and contractors.

Equality and diversity

All employees must be treated with respect and dignity and offered equal opportunities for personal development and advancement.
We appreciate the individual qualities, diversity and creativity contributed by every employee and support continuous knowledge and skills development.

The recruitment, remuneration and promotion of prospective employees must primarily be evaluated based on the person’s competence and potential in relation to the tasks to be performed. If local law or regulations may require companies to make exceptions to this rule in order to promote diversity and equality through affirmative action, they should be followed.

Success and development within the Group should be determined only by above-mentioned criteria and the capacity to work and produce.

Discrimination and bullying

Discrimination against any kind of employee, supplier or customer in the Group shall not be acceptable. Sexual harassment or discrimination based on gender, sexual preference, age, religion, ethnicity or skin colour is prohibited.

Protection of our environment

We shall comply with all applicable environmental legislation. We shall continuously improve our environmental standards through our accredited environmental management system

Working environment

Ludof Pharmaceutical Ltd shall comply with local occupational health and safety legislation and other work environment related requirements applying to its business. The objective is to maintain a healthy work environment, not only physically, but mentally and socially.

The company shall therefore support and provide employees with an opportunity to achieve a good balance between working life and family life. Men and women shall have the same opportunity to a good career, equal wages for equal work, as well as the same rights to take parental leave (the latter in accordance with local regulations).

We shall follow local law and regulations regarding working hours.

We do not accept any abuse of alcohol or other drugs, which could be hazardous to health or may cause accidents at work. Instead we want to create a healthy and sound working environment.

Political activity

Every employee has a right to express opinions or engage in political discourse. However, it is not acceptable as a representative of our Group to express personal opinions about political issues, religious matters or anything else that might raise controversy regarding our operations in a country in which the Group does business, or which might affect our possibilities to carry on our business and produce satisfactory profits.