MENU

Click below to download The Novozymes Report 2015 in PDF format.

  •  The big picture
  •  Our business
  •  Governance
  •  Accounts and performance
  •  Supplementary

###FACTBOX ARTICLE###In 2015, the world market for industrial enzymes expanded by 10% to an estimated DKK 25 billion, driven mainly by currencies. Novozymes remained the market leader with a 48% share of the market, followed by DuPont with an estimated 20%.

In the growing market for microorganisms, which is especially influenced by trends in the agricultural industry, improving yields and complementing chemical fertilizers and pesticides remain priorities. This industry is also attracting increased attention from established agricultural suppliers such as Bayer CropScience, Syngenta/DSM, FMC/Chr. Hansen and BASF.

Sustainability in focus
2015 brought a continued focus on sustainable technology that enables manufacturers to produce more from less. This was clear from broad support among participants at global venues such as the UN Sustainable Development Summit and the UN Climate Change Conference (COP21). With its ability to replace harsh chemicals and improve the performance and environmental impact of many everyday products, industrial biotechnology meets the need for sustainable technology, which is a growing trend across many industries and markets.

Other growth drivers include a rising global population and an expanding middle class in emerging markets. Other things being equal, high input costs will fuel interest in moving to sustainable solutions

###FULLBOX:TRENDS###

Materiality

In addition to industry-specific market trends, Novozymes identifies and assesses issues in the external environment that are relevant for key stakeholders and important for the long-term sustainability of the business.

This is a systematic process in which we engage with our stakeholders and compile diverse inside-out and outside-in perspectives. These insights guide our long-term strategy and sharpen our sustainability reporting.

Novozymes’ materiality matrix
This illustration is a snapshot of the upper-right quadrant of our materiality matrix and depicts the issues most material to our business.

The issues identified here pose significant risks and/or opportunities for Novozymes and are considered the most important by our stakeholders. Each issue has been defined and mapped to relevant UN Sustainable Development Goals and GRI categories.

To ensure transparency, we also disclose information on certain issues that are less material (secondary material issues) that are not depicted here. Learn more in our GRI Supplementary section.

 

Mouse over the material issues below in the matrix to find additional information.

Key insights sharpen focus

Novozymes’ materiality assessment has reinforced our focus on innovation and partnering for impact.

As the world sees growing constraints on natural resources and pushes for stronger environmental protection, our products can help our customers produce more with less. Our biological solutions can help address some significant global challenges, such as climate change, and improve agricultural productivity.

However, to leverage these opportunities, we need to remain transparent and accountable, and ensure that society understands the true potential of bioinnovation. Learn more in our UNGC COP Supplementary section.

Materiality matrix

Innovation

Innovation

Developing novel products and optimizing processes to meet global challenges is a key driver for growth.

Applicable to SDGs 8 and 9 and GRI Category Economic.

Climate change

Climate change

The world urgently needs to reduce GHG emissions to drive climate change mitigation and adaptation.

Applicable to SDG 13 and GRI Category Environmental.

Energy security & efficiency

Energy security & efficiency

Access to affordable, reliable, renewable energy and efficient energy use will support sustainable growth.

Applicable to SDGs 7, 8, 12 and 13 and GRI Category Environmental.

Global partnerships for sustainable development

Global partnerships for sustainable development

Multisectoral collaboration is necessary to drive the achievement of the 2030 development agenda.

Applicable to SDG 17 and GRI Category Economic.

Product safety & stewardship

Product safety & stewardship

Companies must mitigate and manage adverse human health and environmental impacts of products.

Applicable to SDGs 3 and 12 and GRI Categories Environmental and Product Responsibility.

Water management

Water management

The world needs to ensure efficient water withdrawal, use and disposal to address water scarcity risks.

Applicable to SDG 6 and GRI Category Environmental.

Corporate transparency & accountability

Corporate transparency & accountability

Increasing scrutiny of issues such as anticorruption, antitrust, policy engagement and business integrity.

Applicable to SDGs 12 and 16 and GRI Category Society.

Agricultural productivity

Agricultural productivity

Greater and sustainable agricultural output is needed to meet the needs of a growing global population.

Applicable to SDGs 2 and 12 and GRI Category Economic.

Commodity risk

Commodity risk

Companies face resource constraints, raw material price volatility and strong calls for sustainable sourcing.

Applicable to SDGs 2 and 12 and GRI Categories Economic, Environmental.

Stronger environmental protection regulations

Stronger environmental protection regulations

Governments need to address the challenges of increasing pollution in industrial and urban areas.

Applicable to SDG 9 and GRI Category Environmental.

Consumer perception of bioinnovation

Consumer perception of bioinnovation

Public acceptance of biosolutions, GMOs and gene technology is vital to the success of the bioeconomy.

Applicable to SDGs 12 and 13 and GRI Categories Economic and Product Responsibility.

  • Issue category
  • Economic
  • Environmental
  • Governance
  • Social
  • Corporate focus areas
  • Targets/flagship initiatives