How to integrate sustainability into business
Explore how you can establish sustainable practices for your business.
Sustainability has been part of Novozymes’ vision since the company demerged from Novo Nordisk in 2000. Therefore, Novozymes is on the forefront of the development towards integrating sustainability practices into the core business. We offer to share our expertise in sustainable practices with our customers as part of our overall solutions offering.
In order to ensure that sustainability practices become an integrated part of business, companies must look into a number of key decision processes:
- How to organize sustainability: Novozymes has developed an organizational set-up to make sustainability a business driver and an integral part of all employees’ mindsets. The vehicle driving this agenda is a cross-functional Sustainability Development Board (SDB) consisting of Vice President-level representatives from all key functions. The SDB is responsible for developing Novozymes’ sustainability strategy and targets. Learn more here[link to subpage]
- How to engage stakeholders: The cross-functional Sustainability Development Board enhances our possibilities to engage with stakeholders. Each of the SDB members connects different stakeholder groups directly to the strategy-creating and target-setting processes. As a result, Novozymes manage to minimize risks and create business opportunities with our suppliers, work closely with our customers to reduce their environmental impact and contribute to the society with what we are best at: innovative ideas and knowledge about biotechnology. Learn more here[link to subpage]
- How to go from trend to strategy: To assure a strategic fit between strategy and business trends, Novozymes goes through a process of trendspotting once a year. The SDB is presented with systematic surveys identifying trends and assessing both quantitative and qualitative materiality of the trends. It is on this substantial pool of data the SDB decides which trends should dictate the future sustainability strategy in Novozymes. Learn more here[link to subpage]
- How to provide concrete evidence: For Novozymes it is important that our green claims and those of our customers are build on substantial evidence and concrete cases. This is why Novozymes uses Life Cycle Assessment (LCA) studies to assess the environmental impact of our solutions covering the entire life cycle from cradle to grave. Our LCA assessments provide the evidence of our sustainability efforts. Learn more here[link to subpage]