Social Responsibility

  

Economic


The impact of our business goes well beyond the consumers and prescribers of our products. Employees, shareholders, suppliers, contractors, and the communities in which we operate are affected by our economic performance.

Economic responsibility

Research and development

Globally, Bristol-Myers Squibb invests more than $3 billion annually on research and development. Currently, we are implementing a new strategy for building our company. We are concentrating on disease areas where the need is great for better treatments and where we either already have strong positions – in cancer, HIV/AIDS/ psychiatric disorders, atherosclerosis/thrombosis and diabetes – or can build future strengths based on our promising pipeline opportunities. These emerging areas include Alzheimer's disease, hepatitis, obesity, rheumatoid arthritis, and solid organ transplantation.

Philanthropic support

From the terrorist attack in Bali to the tsunami-ravaged region of Asia, the company has supported programs to provide immediate relief to the victims of disasters. Our efforts are channeled to where they are needed most, either at a local level or through partnerships with six international relief organisations.

Globally, Bristol-Myers Squibb makes charitable donations of products and cash totalling around $650 million each year.

Indirect benefits

Through extending and enhancing human life, our pharmaceutical products save millions of dollars every year for health-care systems and individuals around the globe.

Studies support the economic value of medicines versus other medical treatments for addressing breast cancer, heart disease and other serious health problems.

Creating employment

Our research, manufacturing, distribution, sales, and other operations globally create tens-of-thousands of jobs for suppliers, contractors, researchers and ancillary services.

Bristol-Myers Squibb directly employs 42,000 people in more than 100 countries across the world, with more than 450 people employed in Australia.

Bristol-Myers Squibb strives to provide jobs and equal opportunities regardless of gender, religion, race, age or ethnicity. We provide safe working conditions, pay fair wages, and strongly support ethical work practices, including provisions against child and forced labour.