To make CordenPharma’s environmental impact transparent, the calculated carbon footprint was reported through the environmental disclosure system of CDP, formerly known as the Carbon Disclosure Project. This published environmental data is often utilized by disclosers, capital markets, customers, and other stakeholders to make informed decisions and drive action.
CordenPharma set its near-term climate objectives and a global decarbonization strategy to achieve them over the next decade in collaboration with a renowned third-party consultancy. With photovoltaics already installed at its Lisbon, Portugal and Fribourg, Switzerland sites, biogas used at the Liestal, Switzerland facility, and the investment into an offsite solar electricity park for the Colorado, USA site, CordenPharma has already taken important steps towards its climate ambitions.
Dr. Michael Quirmbach, President & CEO of the CordenPharma Group comments: “Taking more pro-active carbon emission reduction actions enhances our competitiveness in the transition to a low-carbon economy and the collaboration with customers in achieving their climate change goals.”
Viviana Occhionorelli, Partner, ESG at Astorg comments: “We endorse the progress made by CordenPharma on the quantification of the emissions and the submission of their near-term GHG emission reduction targets to the SBTi that demonstrate strong commitment in line with our ambition to lead on climate action.”
In 2022, CordenPharma was acquired by Astorg, a leading pan-European private equity firm to support the growth and development of the company. Through this partnership, Astorg’s ESG team collaborates with CordenPharma to accelerate its sustainable journey.