Introduction
AstraZeneca was ranked #50 on the 2019 Global 100,
a list ranking corporations across the globe based on their overall
sustainability practices (Forbes, 2019). AstraZeneca has made a strong
commitment to include sustainable practices in their business model, focusing
on social, environmental, and government matters. Sustainability drives
innovation; this helps companies to create new products and services that will
benefit the planet, the people, and at the same time profits (Porter &
Kramer 2011). It was stated in the Harvard Business Review that companies that
incorporate sustainability practices have higher stock returns and avoid costly
controversies with local communities (Eccles, Serafeim, 2013).
Based on the known statements of how sustainability
can benefit a company, we are looking to answer the following questions:
- How does
AstraZeneca perform based on the GRI Guidelines?
- What are AstraZeneca’s
materiality issues and does focusing on them lead to
better
performance?
performance?
- How does AstraZeneca
focus on the Triple Bottom Line and create shared
value?
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