We believe transparency is an important part of our ongoing collaboration with the health care community, helping to build a community of trust and respect with healthcare professionals, patients, industry peers, stockholders and the public.
We are committed to acting with integrity, which is the foundation on which we build our business. Our operations adhere to the highest standards and our company puts our values into action each day, according to our Code of Business Conduct.
We are committed to meeting all global transparency requirements, including the Physician Payments Sunshine Act in the United States and the European Federation of Pharmaceutical Industries and Associations (EFPIA) Disclosure Code in the European Union. As is our obligation, we record all transfers of value to certain health care professionals and organizations and report pursuant to the applicable local codes and laws. We take care to ensure that the data that we submit is as detailed, comprehensive and clear as possible. Ultimately, the data we submit today can benefit patients in the future.
In the United States, we report in accordance with the Physician Payments Sunshine Act passed in 2010. Our data regarding payments to health care professionals is publicly accessible via the Centers for Medicare and Medical Services Open Payments Program.
In the European Union, we are a member of EFPIA, and endorse the EFPIA Disclosure Code, a set of guiding principles that requires pharmaceutical companies to publicly disclose transfers of value made to European health care professionals and health care organizations.
Visit our transparency website to find transparency reporting per country.
We are committed to improving the lives of people living with devastating conditions and advancing scientific understanding of the diseases we aim to treat. To that end, we support independent initiatives through advocacy organizations and independent medical education.
Developing sound public policy is a complex and collaborative process that requires coordination with public and private organizations.
When permitted by law, we contribute to political candidates and organizations that support our views on health care issues impacting the industry.
Increasingly stakeholders, including investors, expect transparent and consistent reporting on issues outside of the requirements of financial reporting. Biogen has a deep, unwavering commitment to the patients we serve, the employees that make us who we are, and the environment and communities where we live and work. Our commitment also includes efforts to continuously improve our Environmental, Social and Governance (ESG) performance and transparently reporting on corporate responsibility issues. Since 2013 we have been reporting in accordance with the internationally recognized Global Reporting Initiative.
In our Year-in-Review, we are demonstrating our commitment to continuous improvement by combining both financial and non-financial reporting as well as taking disclosure guidance from voluntary reporting frameworks such as the Sustainable Accounting Standards Board (SASB) and the Task-Force on Climate-related Financial Disclosures (TCFD). We intend to continue to listen and learn from our stakeholders to deepen our understanding of the issues they care about as we strive to improve the transparency of non-financial reporting efforts.