|Chiesi USA Attains Public Benefit Corporation Status, Pledges to Advance Positive Community Impact|
|By: Nasdaq / GlobenewsWire - 11 Jan 2019||Back to overview list
Chiesi committed to expanding its purpose, accountability and transparency
CARY, N.C., Jan. 11, 2019 (GLOBE NEWSWIRE) -- Chiesi USA, Inc. (key-A-zee), a Cary-based specialty pharmaceutical company, recently confirmed its designation as a Delaware Public Benefit Corporation, expanding its commitment to operate as a good corporate citizen.
“This is a crucial step for Chiesi to stay relevant in the world today, especially as people keep a close eye on companies’ values and their commitment to society,” said Ken McBean, President and Chief Executive Officer of Chiesi USA. “We’re excited and motivated to hold ourselves accountable to strengthen our community through our work both inside and outside our walls.”
Chiesi’s impact in the community can be seen through Chiesi in the Community, the company’s employee-led corporate social responsibility program that focuses on supporting local and national nonprofit partnerships, including a Keystone Initiative in local elementary schools. Chiesi’s commitment to improving the health and well-being of its communities culminated in financial donations exceeding $850,000 and employee time donations of approximately 1,600 hours in 2018.
As a benefit corporation, Chiesi USA expands its promise by focusing on the following key areas:
“Our benefit corporation status isn’t the end goal,” said Josh Franklin, Senior Vice President of Marketing and Corporate Development, Chiesi USA. “We strive to constantly expand our efforts by asking ourselves what more we can do in the local community and beyond. We view this achievement as an important next step toward achieving global B Corp certification, which expands our commitment to purpose, accountability and transparency beyond the United States.”
Benefit corporation laws have been passed in 34 states and Washington D.C., with six more currently working on the legislation. B Lab is the nonprofit that is the driving force behind benefit corporation legislation to generate a global movement of people using business as a force for good and to make it meaningful and lasting.
About Chiesi USA
About Chiesi in the Community
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