TAG overview

Economic Standards

GRI Content Index: Economic Standards

GRI Standards and Disclosure Number

Comment

Reference

GRI 201: ECONOMIC PERFORMANCE 2016

103-1

Explanation of the material topic and its Boundary

 

Materiality analysis
Climate action
Water management
Statement on Corporate Governance
Governance
Economic performance
Pension schemes
Report on Risks and Opportunities

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

201-1

Direct economic value generated and distributed

 

Indicators: community
Indicators: employees
Indicators: economics
Consolidated Income Statement
Consolidated Cash Flow Statement
Information by business sector /country and region
Personnel expenses

201-2

Financial implications and other risks and opportunities due to climate change

We report in detail on various aspects of climate change as part of our participation in the CDP (formerly known as the Carbon Disclosure Project).

Climate action
Water management
Global Compact CoP
CDP
Report on Risks and Opportunities

201-3

Defined benefit plan obligations and other retirement plans

 

Indicators: employees
Pension schemes

201-4

Financial assistance received from government

 

Accounting: Property, plant and equipment
Property, plant and equipment
Research and development costs

GRI 202: MARKET PRESENCE 2016

103-1

Explanation of the material topic and its Boundary

 

Career at Merck
Good leadership
Materiality analysis

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

202-1

Ratios of standard entry level wage by gender compared to local minimum wage

This indicator is not relevant to us, which is why we do not collect data on the ratio of the standard entry level wage compared to local minimum wage. Our Global Rewards Policy applies to all our subsidiaries worldwide and guarantees a systematic compensation structure. Both base pay and short-term variable compensation are oriented to the median base pay of the relevant reference market. Our pay brackets are reviewed on an annual basis and reflect market conditions. It goes without saying that we always adhere to local minimum wage levels.

Career at Merck

202-2

Proportion of senior management hired from the local community

We encourage both local hiring and international appointments across all levels of the company. The percentage of local managers is not recorded as it is not relevant to our strategic personnel planning.

Good leadership

GRI 204: PROCUREMENT PRACTICES 2016

103-1

Explanation of the material topic and its Boundary

 

Supply chain standards
Mica supply chain
Materiality analysis

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

204-1

Proportion of spending on local suppliers

 

Supply chain standards

GRI 205: ANTI-CORRUPTION 2016

103-1

Explanation of the material topic and its Boundary

 

Compliance
Interactions with health systems
Materiality analysis
Values and compliance
Responsible marketing

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

205-1

Operations assessed for risks related to corruption

 

Compliance
Indicators: business ethics
Values and compliance
Report on Risks and Opportunities

205-2

Communication and training about anti-corruption policies and procedures

 

Compliance
Indicators: business ethics

205-3

Confirmed incidents of corruption and actions taken

As applicable, we report on risks from litigation and legal proceedings in our Report on Risks and Opportunities.

Compliance
Indicators: business ethics
Report on Risks and Opportunities

GRI 206: ANTI-COMPETITIVE BEHAVIOR 2016

103-1

Explanation of the material topic and its Boundary

 

Compliance
Materiality analysis

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

206-1

Legal actions for anti-competitive behavior, anti-trust, and monopoly practices

 

Indicators: business ethics

 

 

 

 

Additional material topics

TECHNOLOGY (Innovation and R&D, Digitalization)

103-1

Explanation of the material topic and its Boundary

 

Innovation and digitalization
Materiality analysis

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

DATA PROTECTION

103-1

Explanation of the material topic and its Boundary

 

Compliance
Materiality analysis

103-2

The management approach and its components

 

103-3

Evaluation of the management approach

 

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