Modern Slavery and Human Trafficking Statement

Orion is committed to responsible business conduct and strives to promote ethically approved practices. We are committed to respecting internationally recognised human rights in all our activities and promoting them in practice. We are committed to the principles of the Universal Declaration of Human Rights and the core conventions of the International Labour Organization (ILO) and expect the same from our business partners. We do not accept or encourage activities violating human rights or participate in any such activities. We emphasize social, economic and environmental responsibility as well as fairness and transparency in our relationships with employees, partners, customers, authorities and other interest groups.

Modern slavery is a crime and a gross violation of human rights. We have zero tolerance for modern slavery and are fully committed to preventing modern slavery and human trafficking in our corporate activities. We are also committed to ensuring that our supply chain partners do not engage in or support any form of slavery or human trafficking.

Our business and supply chain

Orion is a globally operating Finnish pharmaceutical company – a builder of well-being. We develop, manufacture and market human and veterinary pharmaceuticals as well as active pharmaceutical ingredients. Orion is continuously developing new drugs and treatment methods, the core therapy areas of Orion's pharmaceutical R&D being neurological disorders, oncology and respiratory diseases for which Orion develops inhaled pulmonary medication. Orion’s shares are listed on Nasdaq Helsinki.

The Orion Group’s net sales in 2021 were EUR 1,041 million. At the end of December 2021, the Orion Group had a total of 3,355 employees. Orion’s headquarters and all six production plants are located in Finland. Orion's products are marketed in over one hundred countries. Finland is the most important individual market for Orion, and the Orion Group’s own human pharmaceuticals sales organisation covers almost all key European markets and the Orion Group has its own sales organisation in five countries in the Asia-Pacific. In other markets Orion operates mostly through partners.

Orion has a vast network of suppliers in over 50 countries supplying packaging materials, raw materials and bulk and finished products. In addition, we rely on outside partners for the supply of services and materials to support our core businesses.

Policies and training in relation to modern slavery and human trafficking

To ensure awareness of our values and policies, we provide training to our employees, and our policies are available on our corporate website. Our Code of Conduct defines the Orion Group’s ethical practices and commitment to complying with laws, ethically approved practices and respect for human rights. Orion expects all its personnel to be familiar and comply with the Code of Conduct. We provide a mandatory Code of Conduct training to our employees, available in 14 languages.

Correspondingly, our Third Party Code of Conduct applying to Orion’s partners defines the minimum requirements to which Orion expect its partners to be committed. In addition, Orion Supplier Sustainability Requirements forms a minimum set of requirements that Orion expects from its suppliers to ensure that our suppliers conform to our Third Party Code of Conduct and additional requirements for management systems, safe working practices, environmental, health and safety protection. Both our Code of Conduct and Third Party Code of Conduct reflect our commitment to operating with integrity and high ethical standards in all our business relationships and to implementing systems and controls to ensure that modern slavery and human trafficking do not take place anywhere in our supply chain.

Orion Corporation is a full member of the Pharmaceutical Supply Chain Initiative (PSCI) and endorses the PSCI principles and standards for suppliers on ethics, human rights and labour, health and safety, environment, and management systems. We offer PSCI’s trainings to our suppliers to support practicing the PSCI’s principles of responsible supply chain management.

Due diligence processes

We are committed to sustainability in all our operations. As part of managing our supply chain, we monitor modern slavery and human trafficking risks based upon the industry in which we operate, and the geographic locations in which we conduct business and/or obtain materials necessary to provide products to our customers. We systematically manage risks in our global supply chain through our due diligence practices. Suppliers’ compliance with regulations and requirements are monitored through assessment questionnaires, undertaking risk-based sustainability audits of their facilities and operations, ensuring that necessary corrective actions are agreed with the supplier and monitoring implementation of actions.

In 2021, we conducted a corporate level human rights impact assessment to enhance our continuous evaluation of the human rights impacts in our operations and value chain.

Access to remedy and grievance mechanisms

We encourage employees and other stakeholders to report in good faith any concerns regarding modern slavery and human trafficking, as well as any other suspected misconduct or violation of our company’s policies. We take any such reports seriously, investigate and take appropriate, case-specific measures to stop behaviour and activity violating our policies. Non-compliance with our policies may lead to employment dismissal or termination of our relationship with third parties.

This statement constitutes the Orion Group’s modern slavery and human trafficking statement for the financial year ending 31 December 2021 for the purposes of section 54(1) of the UK Modern Slavery Act 2015. The statement has been approved by Orion Corporation’s Board of Directors on 28th April 2022.

In Espoo, Finland, on 28th April 2022

Timo Lappalainen

President and CEO, Orion Corporation

 

The Statement is available in a pdf file here.