Oxford Biomedica is committed to building a supply chain that delivers commercial benefit to the business, while meeting its goal of sustainability. It is intended that this will continue to be achieved through establishing and maintaining robust supplier relationships and ensuring that their conduct supports Oxford Biomedica’s principles for openness, ethics and resilience in the face of environmental changes.
Oxford Biomedica looks to pay all its suppliers within 30 days of the invoice being received. In 2021, Oxford Biomedica managed to pay 95% of suppliers’ invoices within 30 days, continuing its positive track record since 2020, where this figure was 94%.
Oxford Biomedica has two main ESG supply chain objectives for 2022, which build on the progress made during 2021 on these areas. The objectives comprise the launch of a code of conduct for suppliers and the creation of a supplier page on the Group’s website www.oxb.com.
In 2021, Oxford Biomedica successfully sourced new ethical GMP grade suppliers for PPE, amidst a challenging environment with unprecedented global demand for PPE during the pandemic. New supplier relationships were formed to support the production of the adenovirus-based Oxford AstraZeneca COVID-19 vaccine, enabling Oxford Biomedica to increase bioreactor capacity from 200L to 1000L at short notice to accelerate vaccine rollout.
For more details of Oxford Biomedica’s Supply Chain pillar and initiatives see page 73 of the 2021 Annual Report.
Supplier Code of Conduct
Oxford Biomedica is reviewing to become a member of the Pharmaceutical Supply Chain Initiative (PSCI) and the Together for Sustainability (TfS) Initiative, and is committed to fully supporting the principles for responsible supply chain management. We have identified core principles of quality, ethics, people, health, safety and environment and related management systems.
It is expected that suppliers will
- adopt the following, or equivalent, standards in their own supply chain
- understand that society and business are best served by responsible business behaviours and practices
- understand that the principles for responsible supply chain management are best implemented through a continual improvement approach that advances supplier performance over time