Environment

At LEO Pharma, we are on an ambitious growth journey, seeking to make a difference for more than 100 million patients globally – and counting. As part of this journey, we aim to grow our business responsibly with clever use of resources and in ways that minimize our negative footprint. As a global company with multiple production sites and worldwide distribution, optimizing how we operate is essential and reflects our responsibility to be a trustworthy partner to healthcare providers and patients.

Our environmental strategy is part of our overall sustainability approach and is sponsored by a member of the Executive Management, the Executive Vice President of Product Supply.

Climate change – Our journey towards net-zero

With six production sites in Europe and numerous global suppliers, our operations and value chain contribute to climate change with a significant carbon footprint. Addressing our carbon footprint is critical not only to mitigate environmental harm but also to ensure the long-term sustainability of our business. To tackle these challenges, we focus on reducing emissions, ensuring high resource efficiency across our operations, and collaborating with partners to drive reductions throughout the value chain. To reduce our own emission, we are electrifying our car fleet that in 2024 contributed 20% of our Scope 1 and 2 emissions. In 2024, we reduced our emission from the car fleet with 14% compared to previous year. At our manufacturing site in Cork, the transition to a water-cooled chiller ensured higher resource efficiency by reducing electricity consumption with 260 MWh annually. In 2024, our transition from air to ocean freight for the overseas transportation of our products contributed to emission reductions in our value chain through a 35% decrease in GHG intensity in our downstream overseas transportation compared to our 2021.

For more details on actions supporting our target see our sustainability statement here: https://www.leo-pharma.com/our-annualreporting.

Our approach is rooted in science, with targets validated by the Science Based Targets Initiative (SBTi) and aligned with the Paris Agreement’s goal of limiting global warming to 1.5˚C. The commitment reflects our responsibility to combat climate change while supporting business growth. By continuously monitoring progress and coordinating efforts across the value chain, we aim to make meaningful contributions to a low-carbon future. In 2024, as a continuation of our efforts, we committed to setting a Net-Zero target by 2050. Currently, we are in the process of preparing for third party verification.