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Thursday, July 25, 2019

Lighthouse Award honors ethical business environment advocates in Asia Pacific

Australia, Peru, Canada and Vietnam are some of the award-winning economies that have promoted and pursued ethical business principles.

For the sixth consecutive year, APEC will present the Lighthouse Award to the person, organization or economy that promotes and strengthens a more ethical business environment among small- and medium-sized enterprises within the Asia-Pacific region. 

The award is part of APEC’s yearly Business Ethics for SMEs forum, where APEC economies discuss and propose improvements to ethical business practices arising from the medical and biopharmaceutical sectors in topics related to digital health and innovation. 

With this in mind, and to have a better idea for the submission of new applications, here are five projects that have won the award in past years:

Australia, the latest economy to win the Lighthouse Award, was recognized for its regional and global leadership in establishing best ethical business practices through the formation of the Australian Ethical Health Alliance (AEHA), the world's largest health business ethics and integrity compact. This organization brings together more than 70 groups, including patients, health professionals, suppliers, academic institutions and government agencies, among others.

In 2017, when Vietnam hosted APEC, Peru won the award for its dedication to the promotion of ethics in the pharmaceutical and medical device sectors by developing a Consensus Framework containing principles for 22 leading organizations spanning the Peruvian economy's health system.


In 2016, Canada completed the first Economic Consensus Framework for Ethical Collaboration in the Biopharmaceutical Sector. Since 2011, Canadian experts have also held key leadership positions to launch and implement the APEC Mexico City Principles, as well as to continue the work of the APEC Biopharmaceutical Working Group on Ethics. The award was presented to the Canadian Diabetes Association and Innovative Medicine Canada.

In 2015, the Philippines was awarded for its ethical business practices in the sectors of medical devices, biopharmaceuticals, engineering, professional bodies, patient organizations, government authorities and other civil society entities. The award was received by the economy's government authorities.

Finally, in 2014, the international advocate of ethical business practices to support economic growth, Dato 'Hafsah Hashim, was honored for her outstanding leadership in the launch and growth of the Business Ethics for APEC SMEs Initiative

The deadline to apply for the Lighthouse Award is August 9 and the award will be presented on September 10, during the Business Ethics for SMEs forum in the city of Santiago.

Follow this link to view the terms and conditions for applying

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