LUNDBECKFONDEN - SUSTIANABILITY REPORT 2021
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SUPPORTING RESPONSIBLE ECONOMIC GROWTH AND JOB CREATION As the engaged owner of three international healthcare companies and a direct investor in 21 biotech companies, the Lundbeck Foundation has a significant
As part of its engaged ownership, the Foundation contributes to SDG 8 through 8.1 (GDP growth) and 8.5 (Decent work for all men and women) as primary sub-targets.
responsibility to drive sustainable economic growth, job creation and to be a good employer, that can ensure a good working environment for its employees.
Consolidated figures for the Lundbeck Foundation Group Revenue (DKKm)
35,403 Revenue growth 2020-2021 (%)
6%
GROWING BUSINESSES AND GROWING PEOPLE
CREATING A MEANINGFUL WORKPLACE
Through its majority ownership of Lundbeck, ALK and Falck,
The Lundbeck Foundation acknowledges that its most direct
the Foundation shares a responsibility for more than 40,000
people impact is on the employees directly employed by the
full- and part-time employees, corresponding to more than
Foundation. The Foundation’s employees are its most
28,000 full-time equivalents (FTEs). The Foundation is proud
important asset, and it is – especially for a purpose-driven
to see its subsidiaries demonstrating a strong focus on people
organisation such as the Foundation – critical to foster a
development and care for their employees.
healthy and meaningful working environment. Hence, having grown the organisation in recent years, the Foundation
In 2021, all subsidiaries were committed to delivering on their
carried out its first employment engagement survey in 2020
commercial objectives while maintaining a consistent focus
and established this as a recurring process to be carried out
on people as part of their business leadership models. All three
every two years.
companies have solid HR-organisations with a voice on the respective leadership teams, and all three companies conduct wellbeing and satisfaction, and reporting on key people indicators in their annual reports. Regarding economic growth, both ALK and Falck showed significant revenue growth of 12% and 23%, respectively.
Number of employees (FTEs)
28,842
Employee engagement score:
77
annual employee engagement surveys, measuring employee
Lundbeck saw a decline in revenue of 8% due to the erosion of ®
sales of Northera , however, 2021 saw continued solid growth from its strategic brands. Lundbeck is therefore on an important and challenging journey, which requires new approaches to innovation. It is therefore positive that, in 2021, the company started to see the impact of its new strategy and transformed approach to research and development (R&D), positioning the company well for renewed growth in the future.
Overall satisfaction and motivation In 2021, the 2020 engagement survey was followed up by a workplace assessment, reviewing both the physical and psychological aspects of working at the Foundation. Both surveys showed a good level of employee job satisfaction, motivation and loyalty, with high scores compared to external benchmarks. The surveys also showed aspects of the working environment which require further attention, and the Foundation strengthened the internal HR focus in 2021, supporting the Foundation’s small, but highly specialised and diverse organisation.
