LUNDBECKFONDEN - SUSTIANABILITY REPORT 2021
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LOOKING FORWARD: GREATER AMBITIONS WITHIN SUSTAINABILITY Making a positive impact on society is at the heart of what the Lundbeck Foundation always has done – and always will do. However, the Foundation acknowledges that it is on a journey to fully understand, explore and integrate the constantly evolving sustainability knowledge and concepts. TAKING A GREATER RESPONSIBILITY FOR PROMOTING SUSTAINABLE PRACTICES
Within its philanthropic activities, the Foundation remains
enhance its transparency and communication with regard to its sustainability approach, also defining actionable targets
A commercial foundation has a broad and varied range of
collaborations and partnerships. This will not change, but the
underpinned by a tangible action plan.
commercial and philanthropic activities. Its business and
Foundation will review its travel policies as they relate to
sustainability model are therefore different from that of
research grants and activities, and will also further develop its
DEVELIVERING ON STRATEGY IS DELIVERING SUSTAINABILITY IMPACT
manufacturing companies, and there is no widely accepted
approach to talent development and competence building, and
framework or approach, which reviews and measures the
on growing diversity across all grant activities.
The 2030 strategy has defined the Foundation’s desired value
sustainability impact of commercial foundations, combining
creation towards 2030. With the close link between its
both commercial and philanthropic activities.
Looking ahead, the Foundation’s ambition is to further
highly focused on the need to build international
With its ownership of Lundbeck, ALK and Falck, the Foundation is proud to note that all subsidiaries are taking
strategy and sustainability commitments, the execution of the strategy will also contribute to a more sustainable society. For
In 2021, the Foundation carried out a project with the objective
significant steps towards becoming even more sustainable. A
example, by:
of defining an operating model for its sustainability approach, to
cornerstone of the Foundation’s 2030 strategy is the
be used in defining targets for sustainability activities covering
ownership of leading healthcare companies. In 2022, the
Increasing annual fixed grants to scientific research to
all the Foundation’s activities. While the Foundation has always
Foundation will therefore define a ‘sustainability codex’, to
DKK 1,000m will drive new knowledge, insights and
been committed to all relevant ‘soft law’ principles, such as the
fully articulate its understanding of sustainability as it applies to its concept of an engaged ownership model.
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discoveries related to health and quality of life
UN Global Compact, it has also defined new commitments to
Expanding the portfolio of healthcare companies from
taking a more proactive and leading approach in key areas. The
three, to between five and eight will drive sustainable
new model was defined in 2021 and, in 2022, these ambitions
Finally, it is vital that the Lundbeck Foundation leads by
economic growth and strengthen Denmark as a life
will form the basis for the development of a new ‘sustainability
example. In 2022, the Foundation will again review its
science nation, with a critical mass of life science talents,
playbook’, outlining the actionable processes and tools that the
internal practices relating to facility management,
knowledge, and companies
Lundbeck Foundation will use.
transportation and energy consumption, in order to reduce the environmental footprint of its own operations while
Developing talents and innovative projects will help close the current gap between academic research, knowledge
This work will include new initiatives with the objective of
continuing to be a diverse, healthy and meaningful place to
and new treatments
promoting sustainable practices across its various roles as
work for all its employees.
investor, owner and philanthropist, and with regard to the Foundation’s own operational practices. It is still too early to provide specific details on these initiatives, however, some initial examples can be provided.
