CDP rates us among the leading companies in the fight against climate change
Barcelona, February 6, 2024 - The pharmaceutical company Ferrer has been recognized for its leadership in corporate transparency, sustainability, and action against climate change by the international organization for environmental data disclosure, Carbon Disclosure Project (CDP). Specifically, Ferrer has managed to position itself on the "A List" annually compiled by this non-profit entity, thanks to its good practices in managing and measuring the climate and environmental impact of its activity.
Ferrer's classification is based on the data communicated through CDP's Climate Change 2023 questionnaire, placing it in the select group of companies that have obtained an 'A' grade out of over 21,000 companies analyzed.
Beatriz Vila, Chief People & Sustainability Officer at Ferrer, stated: "At Ferrer, we believe that our activity as a pharmaceutical company should create more environmental value than it consumes. This recognition is the result of our commitment to mitigate climate change through actions focused on protecting the planet, one of the central pillars of our company's strategy. Thanks to our collaboration with CDP, we are also moving forward with our promise to measure and explain with the utmost rigor our positive impact in terms of sustainability."
Sherry Madera, CEO of CDP, also congratulated all the companies on CDP's A List and the companies that began or accelerated their journey toward environmental transparency in 2023. "Last year we saw a 24% increase in disclosures, and that trajectory is worthy of applause. Only by laying the groundwork for disclosure can companies demonstrate that they take seriously the vital role they play in achieving a net-zero and nature-positive future," she explained.
Emission Reduction and Commitment to Climate Transition at Ferrer
Among the actions within its Liveable Planet pillar, Ferrer is driving the reduction of its corporate carbon footprint, with the goal of reducing its direct emissions by 50% and its indirect emissions by 27% by 2030. Since 2019, Ferrer's global carbon footprint has been reduced by 10% in line with the targets set by Science Based Targets (SBTi). The company also operates with 100% electricity from renewable sources, avoiding the emission of 7,500 tons of CO2 each year.
Additionally, it has recently worked on the development of a Climate Transition Plan with the aim of aligning the business strategy with decarbonization objectives acquired through SBTi for 2030. This project will allow, among other things, an objective and comparable assessment of the return on investment, considering energy efficiency, CO2 emissions, and other environmental variables of great value for decision-making, facilitating the transition to business models with fewer carbon emissions.
In this regard, Ferrer is also working to decarbonize the impact of the value chain, which accounts for more than 80% of the total impact, and will be crucial in achieving the set objectives. Therefore, the company collaborates closely with its entire value chain to contribute to the creation of a future with net-zero emissions. Additionally, one of the most innovative initiatives Ferrer is working on is the development of an internal carbon pricing system, which it expects to implement in 2024. The main objective of this tool is to have a fundamental instrument for decision-making at Ferrer, considering the impacts, risks and opportunities related to climate change by setting a price for each ton of CO2 emitted.
CDP, a Global Reference in Environmental Performance Analysis
CDP, an independent international non-profit organization, stands as the main platform globally dedicated to the collection and analysis of information on climate and environmental performance. Its focus extends to both private companies and government entities, all committed to transitioning to a sustainable economy. CDP facilitates this process by measuring and managing the climate impact resulting from actions taken, prioritizing the reduction of CO2 emissions. Fully aligned with the Task Force on Climate-related Financial Disclosures (TCFD), CDP possesses the world's largest environmental database, and CDP scores are widely used to drive investment and hiring decisions toward a zero-emission, sustainable, and resilient economy.
CDP uses a detailed and independent methodology to evaluate these companies, assigning them a score from A to D based on the completeness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental leadership, such as setting ambitious and significant goals.