How we work
As an engaged owner of LEO Pharma and one of Denmark’s largest commercial foundations with substantial philanthropic activities and significant financial investments, the LEO Foundation plays an active role in society.
Thus, we have an important obligation and responsibility to operate transparently and with integrity in all of our actions.
We fully support and comply with all the recommendations of the Danish Committee on Foundation Governance.
Besides this we follow a number of policies regarding conflict of interests, taxation, code of conduct, etc.
The Foundation is governed by the Danish Foundation Act, and the Danish Business Authority therefore supervises the Foundation.
In accordance with Danish law, the Committee on Good Foundation Governance has prepared a set of recommendations on foundation governance, which the foundations with corporate interests must address and explain if they do not comply with the recommendations (the “comply or explain” principle).
The LEO Foundation fully supports and complies with all the recommendations.
Conflict of Interest Policy
The LEO Foundation aims to ensure that rules and principles of eligibility are adhered to.
These principles describe the policy for legal capacity and conflict of interests in connection with handling applications and granted projects in the Foundation.
The rules apply to members of LEO Foundation’s Board of Trustees, members of the Foundation’s commitees and employees of the LEO Foundation.
Code of Conduct
Together with the rest of the LEO Group, the LEO Foundation operates in accordance with the LEO Code of Conduct.
The LEO Code of Conduct ensures consistent actions and attitudes by addressing and resolving ethical and compliance-related issues that may arise in our daily work.
Integrity and transparency are cornerstones in all we do, and we believe that building and maintaining high standards is pivotal to our long-term success.
Compliance with the LEO Code of Conduct is mandatory for all LEO Foundation employees and members of our Board of Trustees.
Our commitment to social responsibility
We are committed to creating sustainable value for people and society through engaged ownership, philanthropy and investments, and we base our work and approach to corporate social responsibility on a strong set of values. To act responsibly and transparently in all our actions are key points.
Responsible investments and ESG
As part of our commitment, we have adopted an environmental, social and governance (ESG) policy for our investment activities. This policy is based on adherence to the Ten Principles of the UN Global Compact, which form the basis for ethical human and corporate behavior. We continue to integrate environmental, social and governance factors into our investment approach.
There is an immediate connection between the LEO Foundation’s purpose and philanthropic activities and the UN Sustainable Development Goal (SDG) #3 concerning to good health and well-being. However, the Foundation primarily contributes to achieving the SDGs through LEO Pharma’s business activities.
LEO Pharma is committed to operating in a way that contributes to achieving the SDGs and supports the global agreement to address society’s greatest challenges towards 2030.