GSK ranked #1 on FORTUNE's Change the World list.
19 August 2016
GSK is honoured to be ranked as #1 on FORTUNE's Change the World list.
FORTUNE Magazine, a top financial publication, published its 2016 list of companies that are changing the world, and GSK is honoured to be ranked #1.
The 'Change the World' list recognises companies that have made significant progress in sustainable, scalable approaches to addressing societal problems as part of their company strategy.
Our ranking reflects the dedication and commitment of our people around the world to modernise the way we do business. We've changed how we incentivise our sales professionals, furthered our partnership with Save the Children, gained approval for the world's first malaria vaccine, opened up access to our intellectual property and committed to reinvesting 20% of our profits in Least Developed Countries.
At the heart of FORTUNE's “Change the World” list is a belief that good business is also good for society. Our focus on improving access and affordability, regardless of where people live or their ability to pay, makes both moral and business sense.
Challenging the traditional pharma model
The traditional pharmaceutical business model, designed decades ago, has been supported largely by a population of around 600 million, mostly throughout the US and Western Europe. This model has led to some critical breakthroughs, including the eradication of several infectious diseases and significant progress in cancer life expectancy.
The challenge: this model risks leaving behind 6 billion people.
These are people mostly in low- and middle-income countries, facing diseases not often experienced in developed markets and often unable to afford treatment.
Recognising this trend, over the last decade, we have made industry leading changes to modernise and re-shape our business. These changes are helping us to address the needs not just of the 600 million, but of all 7 billion around the world, and to ensure our long-term sustainability and profitability.
Click the link below to review the FORTUNE “Change the World” List.