Throughout 2009, we have refined our existing long-term environmental targets. In a mid- to long-term perspective, the target years are 2015 and 2020, while the baseline year is 2005. These years refer to national and international negotiations on different climate change targets, and Novozymes has decided to use the same years as reference points for our improvements.
We have set targets for resource efficiency with regard to energy and water. Energy efficiency will be improved by 50%, whereas water efficiency will be improved by 40%. These indicators are linked directly to minimizing environmental impact, increasing cost efficiency, and long-term risk management. In addition to the efficiency targets, it is our ambition to use 50% renewable or CO2-neutral energy by 2020.
Novozymes has defined a new CO2 efficiency target related to our own production and a target for absolute CO2 emission reductions in a product life cycle perspective. The latter represents Novozymes’ overall carbon footprint. Please see Environmental and social data and Accounting policies for more details on present environmental impact. The new long-term emission reduction target has replaced and improved on the target presented last year, when the baseline year was 2007 instead of 2005.
When it comes to our targets for sourcing energy and reducing CO2 emissions, it should be stressed that we are dependent on factors outside our control. The target for energy sourcing will require close cooperation with energy suppliers. Fulfillment of targets partly depends on markets for energy and the availability of preferred energy sources. Novozymes is particularly dependent on energy markets in China and the US.