Businesses should work against all forms of corruption, including extortion and bribery
Novozymes' management systems, commitments, and positions
Novozymes' approach in 2009
Reference to GRI G3 performance indicators
Scope and approach
For example, Novozymes India has had a strong focus on communicating business integrity internally and has conducted business integrity workshops for all employees in 2009. Also, business ethics was the main theme for the annual distributor conference 2009 in China.
Furthermore, in 2009 Novozymes has strengthened its processes for monitoring and reporting on corporate citizenship and sponsorships. Although there is a certain degree of flexibility for the local site to engage in local activities, the increased monitoring and reporting will reduce the possibility of entering into arrangements that do not comply with Novozymes’ code of conduct and/or our strategy for corporate citizenship and sponsorships. Please refer to Novozymes’ approach to sponsorships and corporate citizenship at www.novozymes.com.
Business ethics and supplier performance
In 2009, 88% of total purchase spend was covered by the system, and in 2010 all suppliers that are noncompliant with Novozymes’ standards will have specific action plans developed in order to improve performance.
New suppliers receive a letter with our supplier guidelines as well as our booklet Bribery – No Thanks!. If our suppliers do not live up to our business integrity standards, they are placed on an issue list and are subsequently addressed with an action plan as well as ongoing follow-up. We work toward a dialog-based approach to help ensure suppliers comply with our standards. However, potential new suppliers must live up to our standards before a relationship is established. Please refer to Novozymes' approach to Responsible purchasing at www.novozymes.com.
Learn more about how Novozymes manages Business integrity at www.novozymes.com.
See the list of institutions that are Novozymes' key stakeholders regarding Global Compact.