Long-term targets

Audited by PwC

Novozymes wants to change the world together with our customers. By being innovative and providing our customers with valuable solutions based on our industrial insight, we can help them change the world – while growing our company.

Novozymes’ long-term targets

Financial targets:

 • Organic sales growth of more than 10% p.a.
 • Operating profit margin of more than 20% 
 • Return on invested capital (ROIC) of more than 22%

Sustainability targets:

Enable a 75 million ton reduction in CO2 emissions per year by 2015 through our customers' application of our products
Improve energy efficiency by 50% in 2015 compared to 2005
Reduce our CO2 emissions by 50% in 2015 compared to 2005
Increase energy supply from renewable and CO2-neutral sources to 50% in 2020
Improve water efficiency by 40% in 2015 compared to 2005
Be recognized as a global leader within sustainability
Be a preferred employer globally 

Novozymes wants to secure the right balance between better business, cleaner environment, and better lives. Never has that vision been more relevant to the world, and for us that opens a window of opportunity. We have proved the robustness of our business and our ability to deliver growth in both sales and earnings, while at the same time keeping a strong focus on environmental and social responsibility.

At the beginning of 2009, Executive Management and the Board of Directors decided it was time for the organization to take on new challenges, and the new ambition "Changing the world together with our customers" was communicated. This turns our attention toward greater goals and sets our sights on more demanding long-term targets.

With this new ambition, new targets were set for our ability to launch new products and concepts, as well as for our own and our customers’ impact on the environment. Consequently we expect to be able to grow sales, margins, and ROIC.

Despite 2009 being a challenging year from a sales growth perspective, there is still a growing need for sustainable solutions – both now and beyond the current global economic crisis.

The link between focusing on sustainable development and improving Novozymes’ sales and earnings is quite strong. Our insight and understanding of our customers’ needs help them reduce their direct and indirect environmental impact, and this ultimately benefits Novozymes’ sales. Furthermore, focus on improving water and energy efficiency in our own production benefits earnings.

My Report
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