Audited by PwC

Environmental and social aspects

Novozymes’ fundamental values include environmental and social responsibility. These are key to the way in which Novozymes conducts business, and are significant to all Group activities. These values are underpinned by a number of targets for environmental and social responsibility.

Reputation
Novozymes is heavily dependent on being able to attract and retain skilled people, and the Group’s reputation is an important parameter in this.

Novozymes tries to maintain a good reputation by means of openness and transparency in both internal and external communications. Work is also carried out on an ongoing basis to reduce the risk of situations arising that could damage Novozymes’ reputation. Current legislation must be complied with at all times, and Novozymes further endeavors to set a higher standard in various areas. Novozymes’ business integrity principles and its target of achieving significant reductions in CO2 emissions are examples of this.

Animal testing
Novozymes uses animal testing in connection with the development and approval of products where this is demanded by public authorities. The use of animal testing is the subject of ongoing public debate and as such constitutes a risk to Novozymes’ reputation. The current product portfolio involves relatively few animal tests, but this may change as a result of the development of new business areas. Novozymes is continuously trying to minimize the number of animal tests by further refining the methods used and using alternatives wherever possible.

Business partners
In Novozymes’ relations with business partners, the company seeks to reduce the risk of being associated with environmental and social conditions that could impact negatively on Novozymes’ reputation. This is done partly by asking suppliers to perform a self-assessment of their compliance with internationally recognized standards and conventions. Novozymes’ business partners are also informed about the Group’s business integrity principles.