Solid, sustainable governance
Honesty, ethics and integrity are bedrock values integral to the Grifols culture. The company's behavior – the way we do business – is tied to our commitment to the United Nations Sustainability Development Goals defined in its 2030 agenda, which strongly reflect human rights principles (see our Human Rights Policy).
Through its Sustainability Committee, reporting directly to the Board of Directors, Grifols establishes its core environmental, social and governance principals and commitments and ensures the company's sustainability strategies, policies and practices are embraced at all levels of the organization. Further details can be found in our Sustainability Policy.
Doing what is right is constituted in our Code of Ethics and Code of Conduct. These precepts, together with Crime Prevention and Anti-Corruption policies, are central components of the Grifols global compliance program.
Bioethics guide the company's research, development, production and marketing of its products. Grifols only uses plasma from qualified donors to produce its plasma-derived medicines and does so following all relevant regulations.
When pricing our treatments, we follow two core principals. First, cost should never get in the way of patients receiving optimal care and treatment. Second, pricing should ensure the company's long-term sustainability and reinforce its commitment to researching and developing new therapies.
We have incorporated more than 15 corporate policies into our daily operations. And we annually report a comprehensive review of the company's financial performance and its integration with environmental, social responsibility and corporate governance criteria, as well as our interactions with healthcare professionals and healthcare and patient advocacy organizations worldwide.
The responsible use of artificial intelligence (AI)
To continue being a market leader and innovator, Grifols is integrating AI strategically and ethically. Here we are embracing the power of AI and advanced analytics to shape the next generation of innovative breakthroughs across the company. We are committed to exploring how AI can help deliver therapeutics and healthcare solutions to patients faster, while also making us more efficient and productive.
1. TRANSPARENCY: Building trust with our users & stakeholders
Promote understanding and clarity on the full lifecycle of AI systems.
2. RESPONSIBILITY: Placing humans at the center of control
Take ownership for the actions and results of our AI systems, with people accountable for solutions.
3. EQUITY: Ensuring fairness within the entire AI lifecycle
Mitigate bias to prevent any type of potential discriminatory outcomes, especially on sensitive data related to individuals.
4. PRIVACY: Protecting personal data
Comply with all applicable data protection and privacy laws and regulations whilst using AI systems.
5. SECURITY: Guaranteeing safety within the entire lifecycle of the artificial intelligence system
Protect against cyberthreats and other security risks affecting AI systems through robust security measures that ensure confidentiality.
6. COMPLIANCE: Aligning with regulations
Ensure all AI solutions comply with applicable regulations and industry best practices.
7. COLLABORATION: Enabling effective governance
Foster collaboration between diverse stakeholders internally and externally.
8. MONITORING: Conducting regular assessments
Put in place monitoring mechanisms of AI systems to identify and mitigate potential legal and ethical risks.
9. POSITIVE IMPACT: Fostering benefits to society
Consider the social and healthcare ecosystem impact of AI, improving patient quality of life in line with our sustainability principles.
10. ETHICAL CULTURE: Enabling continuous training and awareness
Foster awareness and provide ongoing education to build a strong, responsible AI culture.
Leading with ethics
Corporate Governance
Grifols' Board of Directors and its three independent Committees (Audit, Appointments and Remuneration and Sustainability) ensure solid and reliable corporate governance critical to our success.
Ethics & Compliance
Routine legal compliance is not enough for Grifols. We have codes and policies in place that guide our staff and third parties on appropriate professional conduct.
Sustainability reports
We publish detailed information on our financial and operational performance, innovation, corporate governance, and environmental and social stewardship.
Our commitment to sustainability
Grifols' longstanding commitment to people and the planet entails helping society on all fronts by strengthening our positive social, economic and environmental impacts.