Report 2018
Rethink Tomorrow
Report 2018

Progress

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.

GLOBAL GOAL #2: ZERO HUNGER

GLOBAL GOAL #4: QUALITY EDUCATION

GLOBAL GOAL #6: CLEAN WATER AND SANITATION

GLOBAL GOAL #7: AFFORDABLE AND CLEAN ENERGY

GLOBAL GOAL #13: CLIMATE ACTION

GLOBAL GOAL #17: PARTNERSHIPS FOR THE GOALS

 

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
  • UN Guiding Principles on Business and Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
  • Supplier Ethical Data Exchange (SEDEX)
Principle 2: make sure that they are not complicit in human rights abuses.
  • Ordinary member of Roundable on Sustainable Palm Oil (RSPO)
Labor rights Note 8.1 Labor practices & human rights in The Novozymes Report 2018
  • UN Guiding Principles on Business and Human Rights
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  • Supplier Ethical Data Exchange (SEDEX)
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
  • UN Global Compact Climate Action Platform
Principle 7: Businesses should support a precautionary approach to environmental challenges;
  • UN Convention on Biological Diversity
Principle 8: undertake initiatives to promote greater environmental responsibility; and
  • Sustainable Energy For All (SEforALL) Bioenergy Accelerator
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
  • below50
  • World Business Council for Sustainable Development
  • International Chamber of Commerce
Anti-corruption Note 8.3 Business ethics in The Novozymes Report 2018
  • UN Convention against Corruption
Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery
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