Third Party Risk Management

Takeda’s risk management process requires that we conduct reasonable due diligence in engaging, selecting, and assessing Third Parties throughout their Takeda lifecycle.

Global Third Party Risk Management (TPRM) helps organizations answer a few seemingly simple yet critical questions:

• Who am I doing business with?
• What risks do they impose?
• How do I successfully manage those risks?

It’s an essential process because third parties inherently introduce significant risk to an organization, including information security risks, like a data breach; lack of financial stability; supply chain disruption; environmental or social accountability issues; regulatory compliance concerns; bribery, fraud and corruption risk, to name a few.

In some cases, Takeda may retain an independent third party to help conduct risk assessment. Suppliers to Takeda are asked to cooperate with these requests on behalf of Takeda.