Improved rating elevates Hikma to global leadership position
LONDON, Jan. 13, 2021 /PRNewswire/ -- Hikma Pharmaceuticals PLC (Hikma, Group), the multinational generic pharmaceutical company, has received an 'A-' rating from the CDP 2020 Global Climate Change Report, improving on the Group's previous score and elevating Hikma to CDP's Leadership Band of companies implementing current best practices.
CDP is an independent, not-for-profit organisation aimed at enabling companies to progress towards environmental stewardship through benchmarking and comparison with peers.
In the 2020 report, Hikma received an "A" rating in five separate categories ranked by CDP, including for its emission reduction initiatives, its scope 1 and 2 emissions (greenhouse gas emissions from direct fuel usage and electricity consumption), its governance and risk management processes, and its business strategy and financial planning. Hikma's performance - with at or above average marks in every category evaluated - exceeded the global average, the European regional average, and the biotech and pharma sector average.
"As a company, we have worked hard to continually improve our environmental performance and we are proud to see those focused efforts recognised with a strong rating from the CDP that places us in a leadership position among global companies," explained Hana Ramadan, Vice President of Corporate Social Responsibility at Hikma. "In line with our mission to help put better health within reach, every day, we are committed to further reducing our climate impact and improving the resilience of our business in the face of future climate change. We will continue working collaboratively across the Group to improve the efficiency and sustainability of our operations, products and services."
In 2020, Hikma began aligning its climate change management with the Task-Force on Climate-Related Financial Disclosures (TCFD), a set of voluntary, consistent disclosure recommendations established with input from a wide range of industries and countries for use by companies in providing information to investors, lenders and insurance underwriters about their climate-related financial risks. The Group also continued to drive energy efficiency and renewable energy in its manufacturing operations, approving plans to increase solar power generation at its manufacturing site in Sintra, Portugal in 2021.
To learn more about the sustainability work at Hikma, please visit https://www.hikma.com/sustainability/.
Enquiries
Hikma Pharmaceuticals PLC
Brooke Clarke, Communications and Corporate Affairs | +44 (0)20 7399 2795/ +44 7970338250 media@hikma.com |
About Hikma
(LSE: HIK) (NASDAQ Dubai: HIK) (OTC: HKMPY) (rated BBB-/stable S&P, BBB-/stable Fitch and Ba1/stable Moody's)
Hikma helps put better health within reach every day for millions of people in more than 50 countries around the world. For more than 40 years, we've been creating high-quality medicines and making them accessible to the people who need them. Headquartered in the UK, we are a global company with a local presence across the United States (US), the Middle East and North Africa (MENA) and Europe, and we use our unique insight and expertise to transform cutting-edge science into innovative solutions that transform people's lives. We're committed to our customers, and the people they care for, and by thinking creatively and acting practically, we provide them with a broad range of branded and non-branded generic medicines. Together, our 8,600 colleagues are helping to shape a healthier world that enriches all our communities. We are a leading licensing partner, and through our venture capital arm, are helping bring innovative health technologies to people around the world. For more information, please visit: www.hikma.com
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