Responsible Procurement & Supplier Standards

BeOne understands the importance of working with suppliers who share our commitment to developing high quality products and responsible operations, including through mitigating our impact on the environment. As our company continues to grow, our procurement team has evolved into a global function, allowing all regions to work together in a coordinated fashion to ensure the safety and quality of the products we buy.

In 2022, we completed our first holistic greenhouse gas (GHG) emissions inventory, including emissions from our own operations (Scopes 1 and 2 emissions) and our value chain (Scope 3 emissions). We have since set and achieved our first GHG emissions reduction goal across our Scope 1 and 2 emissions, set a new GHG emissions reduction goal for Scope 1 and 2, and established our first Scope 3 GHG emissions reduction goal. Read more about our how we are taking climate action within our value chain in our most recent Responsible Business & Sustainability Report.

We seek to work with suppliers who share our values and high business and ethical standards. BeOne strongly encourages our partners to adhere to responsible business practices outlined in our Supplier Code of Conduct, ensuring that the materials and ingredients we source are produced with fairness and respect for both people and the planet. We’ve initiated efforts to engage with key suppliers to raise awareness of material risk exposures, strengthen environmental data tracking and reporting capabilities, and advance climate maturity and resilience across our value chain.

BeOne is committed to working with a broad range of suppliers. Additionally, BeOne is committed to working in partnership with the U.S. Federal Government and complying with federal subcontracting requirements.

Engaging with small, socially and economically disadvantaged businesses, in surrounding communities where we operate contributes to stronger economic growth (micro economy), drives competition and innovation. As such, BeOne is committed to growing our relationships and pursuing innovations in patient health. We routinely assess our spend commitment to the federal government with small, socially and economically disadvantaged, and other businesses identified by the Federal Acquisition Regulations. In tandem with our efforts to provide best-in-class care to our patients, BeOne will continue to partner with all suppliers and provide opportunities for competitive bidding when possible and consistent with efficient contract performance. BeOne award contracts and subcontracts based on performance factors, including price, quality, past performance, and ability to meet delivery schedules.

BeOne strongly encourages qualified businesses who align to the SBA subcontracting categories to become registered, either through government programs, third party organizations or self-certification. Resources for certification are available through the U.S. Small Business Administration.

We and our subsidiaries worldwide are committed to conducting business activities with integrity, quality, respect and responsibility. These are the key principles we consider when choosing suppliers, vendors, contractors and consultants (collectively, “suppliers”) to provide goods or services to, including but not limited to the production of raw materials, contract manufacturing, clinical research, marketing and distribution, and other general and administrative services.

We expect suppliers to abide by all laws, regulations, and standards related not only to healthcare but also to those that address financial, labor, health, safety, transparency, and environmental practices, and to align with the requirements in our Supplier Code of Conduct. The Code covers a wide range of factors – from cost and reliability to environmental and social considerations. This includes a large emphasis on business ethics, including adherence to anti-corruption rules and a commitment to operate with honesty and integrity.

We acknowledge that no code can address every situation that suppliers may encounter. As a result, this Supplier Code of Conduct is not a substitute for our suppliers’ own accountability and the responsibility to exercise good judgment and proper business conduct.

BeOne conducts routine site quality audits of manufacturing-related suppliers. If we are aware of any actions or conditions not in compliance with our standards, we will seek to work with our suppliers to take corrective or remedial actions. We have also strengthened our focus on supplier due diligence through our Vendor Due Diligence procedure, ensuring that new vendors are set up for success.