Lundbeck has been commended for its approach to climate change disclosure by the Carbon Disclosure Project (CDP), which represents 475 institutional investors with $55 trillion in assets under management.
For the first time H. Lundbeck A/S (Lundbeck) is featured in CDP’s Carbon Disclosure Leadership Index (CDLI). This index, a key component of CDP’s annual Nordic 200 Report, highlights the constituent companies within the Nordic 200 Index which have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
The CDLI provides an evaluation tool for institutional investors. It comprises the top scoring 10% of companies in the Nordic 200 based on analysis of the responses to CDP’s 2009 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
- We are naturally very pleased that our strategic approach to Climate Change is recognised by CDP. In particular, because we have succeeded in reducing our energy consumption and CO2 emission, and at the same time optimized our business processes. This demonstrates that corporate climate change initiatives can be compatible with business improvements, says Lars Bang, Executive Vice President, Production, in Lundbeck.
Paul Dickinson, Chief Executive of the Carbon Disclosure Project, commented:
"Companies recognised in the Carbon Disclosure Leadership Index are rewarded for high quality responses to CDP, which demonstrate a good understanding of how climate change is and will continue to impact their business. Companies which control their risks today, manage their emissions and seize the opportunities to produce low carbon goods and services, will be the best placed to prosper in a low carbon economy of the future."
Lundbeck was one of three companies invited to speak as the Nordic 200 Report including names of companies featured in the Carbon Disclosure Leadership Index was launched at the Carlsberg Museum, Copenhagen on the 27th October.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organisation holding the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of institutional investors, purchasing organisations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing essential climate change data to the global market place.
Investor CDP represents some 475 institutional investors, with combined assets under management in excess of $55 trillion. CDP also works with private and public sector organizations to facilitate the collection of climate change data from their supply chains, as well as with local government to drive emissions reduction and sustainable development in key cities around the world. Some 2,500 major corporations around the globe report their greenhouse gas emissions and the risks and opportunities posed by climate change through CDP.