Sustainability is at the core of Novozymes, and the triple bottom line is fundamental in terms of how we do business.
Sustainability is embedded in our business and is a key component of our products, strategy and management processes. Novozymes’ key growth driver is to deliver solutions that improve the sustainability performance of our customers and partners. To ensure that we add value across our stakeholder ecosystem, we actively engage with our stakeholders across a variety of sustainability-related themes. Read more in "Engagement".
Our dedication to sustainability goes beyond our products and is integrated into our purpose and long-term sustainability targets. We launched our six long-term sustainability targets in 2015, inspired by the UN SDGs. Read more in "Novozymes and the Sustainable Development Goals" for more information on how we deliver on the SDGs.
Sustainability is an integral part of our operations, and the triple bottom line is fundamental in terms of how we do business. Novozymes’ ambition is to continuously improve business operations across our value chain, making them more efficient, environmentally friendly and socially responsible. We manage our performance through relevant targets and KPIs across various themes. We also believe in sharing our performance in the most transparent way. Our sustainability leadership has been recognized by many indices and awards.
Novozymes has aligned our strategy with the SDGs. The section below highlights our initiatives and actions toward six goals where we have the potential to deliver material impacts.
Novozymes is the global market leader in biological solutions, producing a wide range of industrial enzymes and microorganisms. The intrinsically sustainable nature of Novozymes’ products enables us to contribute to many of the Sustainable Development Goals (SDGs) agreed by world leaders in 2015.
Novozymes’ purpose and long-term targets are inspired by the SDGs. We assess the potential impact on the SDGs of all the projects in our innovation pipeline. This enables us to advance solutions that have the potential to have a high impact on the SDGs. In 2018, Novozymes set up the SDG Governance Boards to build a shared understanding of SDG opportunities and risks, and to ensure that this knowledge is incorporated into corporate strategy and targets.
Below are six examples where Novozymes’ technology and actions can deliver significant contributions to the SDGs. See also Novozymes and the Global Goals for more details about how we contribute to 13 out of the 17 SDGs.
Many Novozymes solutions contribute to sustainable food production and resilient agricultural practices. Together with our partners, Novozymes helps farmers around the world to make their production more sustainable and increase their productivity. Through The BioAg Alliance, Novozymes works to improve crop harvests through products containing naturally occurring microbes.
We also provide animal health and nutrition products that enable the world’s poultry and swine farmers to produce more from less in a sustainable way. Many of our Food & Beverages solutions address specific food and nutrition challenges, for example lactose intolerance and nutritious infant foods.
Education is a high priority for Novozymes. We believe that raising awareness about biology, biotechnology and the environment will lead to more people adopting and developing sustainable solutions in the future. Novozymes aims to educate 1 million people about the potential of biology by 2020. Since 2015, Novozymes has educated more than 612,000 people about biology and how it enables a sustainable future, by engaging with local schools, universities and communities.
In 2018, we conducted several educational activities aimed at external audiences. One example is the Mobile Science Lab, which was set up by Novozymes as a step toward making quality education accessible to remote schools and communities in the vicinity of Bangalore, India.
Many of Novozymes’ solutions help customers to save water and reduce wastewater, for example in the production of textiles, leather and pulp & paper. We develop biological solutions for wastewater treatment and sludge reduction for municipal and industrial applications.
Through our open innovation platform HelloScience, Novozymes and pump manufacturer Grundfos explore the development of new solutions and partnerships to address water challenges.
In 2018, Novozymes launched BioSec®, a wastewater treatment solution which targets sludge dewatering. Read more about the product in the spotlight "Every drop counts" in The Novozymes Report 2018.
Novozymes supports the development of and actively promotes the use of renewable energy. Our solutions enable the development of low-carbon fuels in transportation, which represents a significant share of the global energy mix. Novozymes is an active member of the UN Sustainable Energy for All (SE4All) initiative. In collaboration with WBCSD and other partners, we helped launch below50 – a partnership to promote the use of more sustainable lowcarbon transportation fuels.
In 2018, through our engagement with the Brazilian Association of Industrial Biotechnology (ABBI), we provided input for new public biotechnology policies and sustainability programs that promote biotechnology in the country. This resulted in the approval of RenovaBio – a government program designed to stimulate biofuel production and use in Brazil to meet the country’s greenhouse gas emission reduction commitment.
Read more about our vision for a global green energy matrix in the spotlight "Biorefining for a better future" below. Novozymes is committed to increasing the use of renewable energy in our own operations. In 2018, 23% of our energy came from renewable sources.
Novozymes’ solutions help address climate change by enabling our customers to reduce their CO2 emissions. We have set a target of saving 100 million tons of CO2 in 2020 through the application of our solutions. In 2018, our customers avoided an estimated 88 million tons of CO2 emissions by applying our products – equivalent to taking approximately 37 million cars off the road.
Novozymes invests in increasing the share of renewable energy in our energy mix and has said goodbye to coal-based energy at our largest production plant in Kalundborg, Denmark. Novozymes has also set an internal carbon price to evaluate our global portfolio of operational ecoefficiency projects and drive decarbonization in our operations.
As part of our strategy Partnering for Impact, we partner with global and regional influencers, policymakers, industry organizations, academia and NGOs to promote the development of sustainable solutions. Novozymes also actively engages in other partnerships aimed at developing sustainable solutions, for example the Partnering for Green Growth and the Global Goals 2030 (P4G) initiative and the Bio-Based Industries partnership in Europe.
In 2018, Novozymes joined heads of state and leaders from business and civil society for the inaugural P4G summit convened to promote partnerships delivering inclusive growth and measurable progress on the SDGs.
In 2018, Novozymes authored and launched a new vision for a global green energy matrix. Read more about this vision and the role of biorefining in climate change mitigation in the transport sector.
Novozymes discloses our progress on the Ten Principles in the Accounts and performance section in The Novozymes Report 2018. Our disclosure in each individual note is based on guidance from the UNGC and the GRI Standards for Sustainability Reporting. This includes materiality & scope, management & reporting, progress in 2018, challenges & dilemmas and looking ahead.
|Theme||Disclosure||Commitments and memberships|
|Human rights||Note 8.1 Labor practices & human rights in The Novozymes Report 2018||
|Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and||
|Principle 2: make sure that they are not complicit in human rights abuses.||
|Labor rights||Note 8.1 Labor practices & human rights in The Novozymes Report 2018||
|Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;||
|Principle 4: the elimination of all forms of forced and compulsory labour;|
|Principle 5: the effective abolition of child labour; and|
|Principle 6: the elimination of discrimination in respect of employment and occupation.|
|Environment||Notes 7.1 to 7.7 in The Novozymes Report 2018||
|Principle 7: Businesses should support a precautionary approach to environmental challenges;||
|Principle 8: undertake initiatives to promote greater environmental responsibility; and||
|Principle 9: encourage the development and diffusion of environmentally friendly technologies.||
|Anti-corruption||Note 8.3 Business ethics in The Novozymes Report 2018||
|Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery|