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Sustainability Provides Healthy Results For Novo Nordisk

Date: 02 July 2012

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8 pages, 3 figures

Executive Summary

This case study is one in a series of Verdantix reports that analyses corporate sustainability strategies. This report provides individuals in roles such as CSOs and VP of Environment with an independent analysis of global healthcare firm, Novo Nordisk’s sustainability strategy, which is based on a Triple Bottom Line approach. Novo Nordisk has produced an annual report on its environmental performance since 1994, and became early adopters of integrated reporting in 2004. Verdantix finds that Novo Nordisk’s decoupling of emissions from business growth stems from its increased commitment to energy saving projects, the implementation of a Lean manufacturing programme, employee engagement and an innovative renewable energy purchasing agreement with DONG Energy. Novo Nordisk plans to identify new areas for improvement including reporting on and reducing transport emissions, reducing product environmental footprints and limiting the environmental impacts of new facilities.

TABLE OF CONTENTS

SUSTAINABILITY PROVIDES HEALTHY RESULTS FOR NOVO NORDISK
Novo Nordisk’s Sustainability Strategy Stems From A Triple Bottom Line Approach
Novo Nordisk’s Initiatives Target Stakeholder Engagement And Environmental Impacts
Novo Nordisk Must Expand Work Across The Value Chain

TABLE OF FIGURES

Figure 1. Absolute Targets Showcase Impressive Performance
Figure 2. Novo Nordisk Has Decoupled Emissions From Business Growth
Figure 3. Initiatives Prioritize Cultural Change And Energy Efficiency

ORGANIZATIONS MENTIONEDORGANIZATIONS MENTIONED

BASF, BT, Carbon Disclosure Project, CloudApps, Coca-Cola, Deloitte, DONG Energy, Global Reporting Initiative, International Integrated Reporting Council, Microsoft, Novo Nordisk, Philips, PUMA, SAP, SustainAbility, Toyota, UN Global Compact, WWF