Novozymes' key stakeholders regarding Global Compact


In a business context the UN Global Compact’s 10 principles in the areas of human rights, labor, the environment, and anti-corruption are developing and dynamic principles, in the sense that transformation of principles into the business context is ongoing, and concrete challenges – to which principles are applied – are constantly changing. Accordingly, it is essential to Novozymes to continuously keep in touch. We need to be aware what drives development and to know what leadership and best practice look like for Novozymes. With that in mind, we map our key stakeholders who have the insights, competencies, and influence.

In view of the 10 principles, the UN Global Compact itself and associated activities are of course of immense importance. In addition, we have listed institutions that we see right now as being generally important stakeholders in respect of the principles.

Human Rights and Labor Rights

  • Business Leaders Initiative on Human Rights (BLIHR)
  • Business & Human Rights Resource Centre
  • The Danish institute for human rights
  • Amnesty International
  • International Labor Organization (ILO)
  • The International Organization for Standardization (ISO) – the process of developing the international standard on social responsibility, ISO 26000
  • The Association of New Danes
  • National Research Centre for the Working Environment
  • Danish Ethical Trading Initiative (DIEH)

Environment

  • Intergovernmental Panel on Climate Change (IPCC)
  • World Business Council for Sustainable Development (WBCSD)
  • World Resource Institute (WRI)
  • WWF
  • United Nations Environment Programme (UNEP)
  • UN-Water
  • World Water Forum
  • Danish Ethical Trading Initiative (DIEH)

Anti-corruption

  • Transparency International
  • The Organisation for Economic Co-operation and Development (OECD) – OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
  • World Economic Forum (WEF) – Partnering Against Corruption Initiative
  • UN – Convention against corruption

Managing stakeholder relations
In our everyday business most situations require stakeholder engagements – it may be a few, or it may be many. Novozymes has a long tradition with regard to stakeholder dialog and partnerships, and we are very much aware of the value this brings. We are strengthening efforts to attain high quality in managing stakeholder relations in every situation. A systematic case-by-case approach to creating an overview, addressing the right stakeholders, and obtaining valuable interactions is implemented. For more information, please refer to Stakeholder engagements at www.novozymes.com.

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