In Novozymes we strive to integrate sustainability into all our business areas on a continuous basis, and, accordingly we are committed to the Triple Bottom Line reporting approach. The commitment to the United Nations Global Compact forms part of Novozymes’ values. Consequently, the Global Compact principles are guiding the efforts to integrate social and environmental responsibility into all business processes and decisions.
The Sustainability Development Unit facilitates the development of Novozymes’ corporate sustainability strategy with input from the regional Vice Presidents and business representatives, anchoring the strategy in both the regions and in line of business. Furthermore, the unit supports business areas in further integrating sustainability into their operations, processes, and activities. The unit comprises specialists within the fields of social and environmental responsibility and lifecycle assessment.
In order to achieve solid integration and coordination throughout the organization, sustainability is anchored within the Executive Management of Novozymes. The Executive Vice President of Stakeholder Relations has overall responsibility for the sustainability development strategy and for reporting to Executive Management. Executive Management approves the strategy, targets, and focus areas. The performance of the Sustainability Development unit is reported to the Board of Directors on a quarterly basis. For more information on the organizational setup, please refer to Our Approach at www.novozymes.com.
Elements of integration and follow-up
Novozymes' business units and regions report on sustainability aspects and stakeholder engagement as an integrated part of the annual regional outlook and strategy processes, contributing to Novozymes' overall sustainability strategy. Achievement of performance and development targets related to social and environmental responsibility is integrated into incentive programs. Furthermore, social and environmental responsibility is a fixed agenda item twice a year at Board meetings. Financial, social, and environmental results are reported quarterly, both internally and externally.
Novozymes' business units are regularly visited by a facilitator corps. These facilitators assess compliance with Novozymes' values by means of interviews with employees at all levels. To ensure that The Novozymes Touch, policies, and standards are complied with, Novozymes has a global ombudsperson. The ombudsperson ensures that all employees in Novozymes have the opportunity to report events that are perceived to conflict with the above-mentioned guidelines, and to have such events evaluated on the basis of an objective analysis. The ombudsperson is appointed by Executive Management for a two-year period and reports to the CEO.
Further information about Novozymes' work on social and environmental responsibility is available under Sustainability at www.novozymes.com. Information about 2008 in particular is available in The Novozymes Report 2008, which is an integrated annual report covering financial, environmental, and social data. Further information is available at www.novozymes.com, where you also can find Novozymes' values and mission statement (The Novozymes Touch), as well as policies and positions on aspects of social and environmental responsibility. Particular reference is made to Novozymes' social responsibility policy, and environment and bioethics policy.