New Report Grades Sustainability Reporting of Top Pharmaceutical Companies
CLAREMONT, Calif., Dec. 14 The Roberts Environmental Center (REC) at Claremont McKenna College today released the analysis of social responsibility reporting for the 26 largest pharmaceutical companies world-wide. The report contains a compilation of Pacific Sustainability Index (PSI) scores evaluating the environmental and social reporting of the companies. Scoring is based on the transparency, intent, and performance for both environmental and social issues.
The research, based entirely on material released on the firms' web sites, found Bristol-Myers Squibb (U.S.) and Sanofi-Aventis (France) led the sector as the two highest scoring companies. The lowest scoring companies, Forest Laboratories and NBTY, were smaller companies in the sector and are both based in the United States. There was a slight trend between PSI scores and annual revenue; however, Johnson & Johnson and Pfizer, the two largest corporations in the sector, both showed room for improvement.
Prior to the report's release, companies were given the opportunity to respond to their scores and provide additional information if available. Often this reveals information not previously captured in the scoring system.
"Biogen Idec scored low in the rankings," said Elgeritte Adidjaja, research fellow at REC. "However, after speaking with a representative responsible for sustainability matters, the company appears to be committed to many environmental programs, but they are not yet ready to make sustainability information public."
To create the report's ranking, REC evaluated each company's web site using the PSI and sector-specific questions. The index uses a systematic questionnaire to analyze the quality of sustainability reporting. The selection of questions was based on the most frequently-mentioned topics in almost 1,800 corporate sustainability documents analyzed from 2002 through 2008 by the Roberts Environmental Center. The company's grades in this report were assigned on a grading curve, giving an A+ to the highest scoring companies and those with scores near it.
To view the report, visit: http://www.roberts.cmc.edu/PSI/SectorReports.asp.
About Roberts Environmental Center
The Roberts Environmental Center is an environmental research institute at Claremont McKenna College located in Claremont, Calif. Its mission is to provide students with a comprehensive and realistic understanding of today's environmental issues and the ways in which these issues are being and can be resolved, beyond the confines of traditional academic disciplines and curriculum. The Center strives to identify, publicize, and encourage policies and practices that achieve economic and social goals in the most environmentally benign and protective manner.
About Claremont McKenna College
Claremont McKenna College, established in 1946, is among the highest-ranked and most selective liberal arts colleges in the nation. CMC excels in preparing students for leadership through the liberal arts in business, the professions, and public affairs. The College is home to more than 130 accomplished teacher-scholars who are dedicated to teaching and to offering unparalleled opportunities for student collaboration in the research process. Enrolling approximately 1,200 students in 2009, CMC launched the Robert Day Scholars Program and added a Master of Arts in Finance degree. CMC combines highly-selective admission, need-blind financial aid, innovative programs, a 9-to-1 student-faculty ratio, ten research institutes, the impact of the seven-member Claremont College Consortium, and a strong and committed network of alumni, to educate its graduates for a lifetime of leadership.
Scoring Summary --------------- Highest Overall Scores Bristol-Myers Squibb Sanofi-Aventis Abbott Laboratories Highest Environmental Reporting Scores Bristol-Myers Squibb Johnson & Johnson Sanofi-Aventis Abbott Laboratories Highest Social Reporting Scores Merck Sanofi-Aventis Bristol-Myers Squibb Abbott Laboratories AstraZeneca Lowest Overall Scores Forest Laboratories NBTY King Pharmaceuticals
SOURCE Claremont McKenna College
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