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Social investment

As a global company Pfizer has the opportunity to make a real difference to the communities in which we work across the world.

 

We're proud to be part of an industry that changes people's lives for the better - but our contribution to UK society goes beyond our medicines, products and vaccines.

 

Pfizer UK social investment 2014 - 2016.1 Scroll down for Key Terms.

 

Here in the UK, we are committed to being a good neighbour through a range of social investment programmes which aim to improve the health and wellbeing of communities across the country.

We passionately believe in using our resources to support the wider community; by sharing our people’s time and skills, and exploring opportunities to donate our medicines and money, we are committed to being a positive force in society.

When Pfizer is considering what activity or organisation to support, priority is given to donations which:

  • Improve the quality and availability of healthcare, educate people about health practices that empower them to improve their health, and serve those most at risk of health problems, or;
  • Advance research and knowledge in medicine, healthcare and allied sciences and science education.

We also recognise the importance of supporting organisations and people in locations close to our sites and we encourage our colleagues to volunteer or fundraise for charities that are important to them. To this end Pfizer also supports academic, community and cultural organisations that are committed to meeting the needs and priorities of their communities.

 

References

  1.   Pfizer data on file. June 2017

 

Key Terms
What do we mean by corporate donations and grants?

Corporate donations include cash and the value of benefits in kind donated by Pfizer UK. This includes donations made to national charity appeals, donations from each of our sites to local charities and community organisations, matched donations for colleague fundraising and payroll giving activities, as well as charitable donations provided to patient organisations (note, the latter are also included in our patient organisation disclosures).

This category also includes donations made to organisations such as academic institutions and professional societies which are associated with research and development and support the life sciences sector (defined as Business Donations). These donations include studentship grants through which graduates undertake a research project to gain a PhD. Pfizer does not directly fund students, but provides a number of grants every year to universities to support PhD studentships. Business Donations to healthcare organisations are also included in our healthcare professional and healthcare organisation Disclosure reports.

Within corporate donations and grants, we also include educational grants. An educational grant is funding provided by Pfizer to an entity to support a bona fide, independent educational programme in areas of interest to Pfizer, such as medical science or public health policy. The primary purpose of the support is the provision of a legitimate educational programme and not an opportunity to promote Pfizer’s products, brands or business. Educational grants are always provided to entities and never to individuals. Within the UK, Pfizer primarily supports healthcare organisations through Medical and Educational Goods and Services (MEGS) but we also report education grants because they are occasionally given to UK-based organisations through our globally-administered educational grants programmes. Business Donations and Grants to healthcare organisations are also included in our healthcare professional and healthcare organisation Disclosure reports.

Unlike MEGS, educational grants don’t need to expressly benefit patients and are not necessarily provided to the NHS or other healthcare organisations.

Find out more about disclosures including MEGS & educational grants

 

What do we mean by strategic community investment initiatives?

We work in partnership with community organisations and other partners on social initiatives that can have a positive and lasting impact on the community, such as our contribution to STEM education around the UK.

The management costs associated with running the charitable donations and strategic community investment programmes are also included within this category.

 

What do we mean by volunteering time?

We provide five days of paid volunteering leave to all Pfizer colleagues and we actively encourage participation individually or as a team. The value of time volunteered is calculated using an hourly rate.

Find out more about our colleague volunteering and fundraising.

 

What do we mean by medicines donations?

Since 2004, Pfizer UK has been proud to support International Health Partners (IHP). As Europe’s largest coordinator of donated healthcare products, IHP relies on its strong network of healthcare industry donors to rapidly respond to humanitarian disasters, long-term healthcare development projects and short-term medical missions across the world.

The amounts shown in the table includes the number of packs of our medicines donated to IHP both for inclusion in their Essential Health Packs as well as in response to major international humanitarian crises, such as Hurricane Matthew in Haiti in 2016.  

IHP's Essential Health Packs are given to doctors travelling to developing countries to support local health programmes and act as an immediate resource in emergency situations. The kits contain medicines provided by a range of companies.

Find out more about our medicines donations.

PP-PFE-GBR-0664 / Sept 2017