Our approach

This has been our approach from the outset: the company was founded with a strong governance framework in place, including a broad range of policies, standard operating procedures and guidelines to drive a culture of integrity. Our commitment to sustainability has been reinforced over the years. For example, we have strengthened the monitoring and disclosure of our performance on a wide variety of environmental, social and governance (ESG) topics important to our stakeholders, including our environmental footprint and the company’s impact on the communities in which we operate. Today, ESG reporting is already one of the four topics included in our company goals for the year, affecting every employee’s short-term incentive.

As we look forward to a strong growth trajectory, we aim to be open and transparent, and to continue engaging with our stakeholders as our approach to sustainability evolves.

At Idorsia, we follow the science – which often leads us to seek input from a variety of perspectives. We value collaboration with academia, industry partners, governments, NGOs and others, to help us find solutions to scientific challenges.

We take this same approach – seeking input from and partnering with stakeholders – to ensure the sustainability of our business. We understand that the best solutions are often found through dialogue with diverse voices from across our value chain.

To achieve this, we regularly reach out to our stakeholders to discover how they rate our performance as we strive to deliver on our purpose. We use their input to shape our company’s approach, manage risk in our operations, and inform our sustainability framework.

Even though Idorsia is a young and relatively small company, we also seek to adhere to industry best practices in our approach to sustainability. In 2020, we therefore conducted a comprehensive stakeholder outreach program to inform our materiality analysis. This involved engaging with seven priority stakeholder groups with an interest in Idorsia’s future as a sustainable member of society.

These groups were:

• Patients and patient associations
• Healthcare professionals and the medical community
• Scientific and academic community
• Local communities
• Idorsia employees across all levels of the organization
• Investors and analysts
• Idorsia’s Board of Directors

We asked these key stakeholders to help us explore their expectations on topics that will be key to our future success, and to validate and prioritize the major areas identified in the outreach program. The results of our stakeholder engagement activities, and in particular the in-depth outreach program, were fed into a materiality assessment which will help Idorsia to prioritize areas of our business that are most important to ensure a sustainable future for our company. The materiality assessment provided key insights on each topic, and the priorities identified are shown in the infographic above and in the boxes below.

To build on the learnings from our materiality assessment, we launched an online sustainability survey in 2021. All stakeholders are invited to participate in this survey, which probes the material themes uncovered in the 2020 assessment phase. The survey will be pursued throughout 2022 to inform our efforts on each of the material topics that our stakeholders have helped us identify. Take our survey here.