“We do not inherit the Earth from our parents, we borrow it from our children” (attributed to Saint-Exupéry). This awareness should be what drives how people behave towards the Earth. Virbac understands this well.
Taking the long-term approach to its development comes naturally to Virbac for several reasons. The majority of Virbac’s capital is controlled by one family, that of its founder, Dr Pierre-Richard Dick, whose profoundly human values have left their mark on the company and are still the foundation stone on which the company’s strategy has been built.
As with many family businesses, the ability to envisage the long-term and to act accordingly is part of its genetic make-up. Furthermore, being a listed company only serves to advance this vision, as more and more shareholders are favoring companies whose strategies incorporate sustainable development goals that foster, rather than impede, economic performance.
Virbac’s mission to create, manufacture and sell veterinary medicines and, in a broader sense, animal health products puts the company at the heart of the food chain and the “One Health” ecosystem, where it is understood that the health of all living beings on Earth is intrinsically linked.
Its customers, veterinarians, farmers and animal owners are becoming increasingly mindful of their impact on the environment and human health. As a result, Virbac is naturally driven to adapt its activities accordingly.
The Group’s growth both in France and internationally leads to additional requirements. Virbac is deeply rooted in its place of origin, the Côte d’Azur. Its visibility is growing as it increases its workforce and its investments in this region, and it aims to set an example for its employees and community, both socially and environmentally.
At the same time, Virbac has also become a global company that derives over 60% of its revenue from outside Europe and whose subsidiaries are located in 33 countries across every continent. The company must ensure that this development complies with a number of major universal principles, regardless of the territories in which it operates, particularly in the economic, social and environmental spheres.
In the social sphere, respect for human beings was one of the key values of the company’s founder: maintaining real social dialogue, proper compensation and social welfare policy for employees at the lower end of the salary scale, and the trust and attention given to every employee are part of Virbac’s traditional values. The company is committed to preserving this legacy and building on it by complementing it with ambitious skill development policies.
In the environmental sphere, the company’s operations guarantee strict quality requirements (for example, by ensuring compliance with Good manufacturing and laboratory practices). In addition, several years ago the company embarked on a continuous improvement strategy designed to consistently cut waste and optimize the use of resources. The search for energy efficiency and environmental friendliness are increasingly being systematically integrated into the company’s key decisions (investment, transportation, product design, etc.).
In the financial sphere, the company’s objective is to pursue the consistent and profitable growth it has seen almost annually since it was founded. This development is based mainly on solid organic growth, driven by innovation and the strength of Virbac’s customer relationships. The company regularly boosts its development through targeted acquisitions, whilst ensuring a controlled level of debt.
This strategy is pursued as part of a straightforward and clear governance structure, that guarantees shareholders with a high level of transparency. Without excessive communication, Virbac uses a genuine approach, targeting long-term development that respects customers, employees, shareholders, partners and its environment.