Economic performance indicators


DISCLOSURE ON MANAGEMENT APPROACH

Goals and performance
Novozymes’ economic impact on society goes beyond traditional financial results. Our economic stakeholders include a wide range of stakeholder groups such as suppliers, authorities, employees, and local communities. 

Novozymes is aware of our impact in the communities and markets in which we are present and has a tradition of staying on for many years.

For overall economic impact throughout society, please see Economic impact at www.novozymes.com.

It should be noted that significant state financial assistance is not of importance for Novozymes. In the case of specific projects where subsidies are of importance, the amounts are published.

Policy
For Novozymes’ overall commitment to economic aspects, please refer to Novozymes’ social responsibility policy, financial and legal policy and position on business integrity.

See also the description of Novozymes’ approach to local social responsibility strategies.

GRI INDICATOR REFERENCES AND COMMENTS STATUS
Economic performance
EC1

Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments

Novozymes do not report on donations and other community investments since we do not yet have consolidated data on corporate level. We will be able to report on this aspect in near future. Accordingly, Novozymes reports partially on this aspect.

Prik

EC2

Financial implications and other risks and opportunities for the organization’s activities due to climate change

V

EC3

Coverage of the organization’s defined benefit plan obligations

V

EC4

Significant financial assistance received from government

  • Not relevant - see Disclosure on management approach above
Firkant

Market presence
EC5 ADD

Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operation

V

EC6

Policy, practices, and proportion of spending on locally based suppliers at significant locations of operation

Novozymes reports on policy and practices regarding locally based suppliers. We do not report on proportion of spending on local suppliers of competitive reasons. Accordingly, Novozymes reports partially on this aspect.

Prik

EC7

Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operation

  • No general procedures
Streg

Indirect economic impacts
EC8

Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement

Part of the information is proprietary, and accordingly, Novozymes reports partially on this aspect.

Prik

EC9 ADD

Understanding and describing significant indirect economic impacts, including the extent of impacts

V

 

 

My Report