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 UN Global Compact forms part of Novozymes’ values. Consequently, the Global Compact principles are at the heart of our commitments and guide our efforts.
The Sustainability Development Department facilitates the development of Novozymes’ corporate sustainability strategy with input from the regional vice presidents and representatives from business units, anchoring the strategy in both the regions and in line of business. Furthermore, the department supports business areas in further integrating sustainability into their operations and processes. The department comprises specialists within the field of sustainability.
In order to achieve solid integration and coordination throughout the organization, sustainability is anchored within the Executive Management of Novozymes via the Sustainability Development Board (SDB). SDB develops and implements the overall strategy for sustainability development in Novozymes, and its members are high-level line of business representatives. The setup ensures anchoring of sustainability in Novozymes’ core business operations. SDB meets three times a year and reports to Executive Management through the Executive Vice President for Stakeholder Relations. Executive Management approves the sustainability targets and strategy. Sustainability performance 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 an internal facilitator corps. These facilitators assess compliance with The Novozymes' Touch by means of interviews with employees at all levels. 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. Furthermore, regional ombudspersons have been installed. The regional finance directors are appointed as regional ombudspersons in each of Novozymes’ four regions.
Further information about Novozymes' work on social and environmental responsibility is available under Sustainability at www.novozymes.com. Information on 2009 in particular is available in The Novozymes Report 2009, which is an integrated annual report covering financial, environmental, and social data. At www.novozymes.com you can also can find Novozymes' values and mission statement - The Novozymes Touch - as well as policies and positions on aspects of social and environmental responsibility.