Commitment to sustainability reporting
Novozymes has a long history of sustainability reporting and transparency. We continue to report our sustainability performance in our integrated annual report. In 2015, we received a high ranking of A- in the third-party assessment of our integrated reporting by ReportWatch, which is an annual survey for report monitoring, scanning, scoring and rating. Using thorough research and an internal rating panel of reporting specialists, this survey of best practice for annual reports is known as the most comprehensive global survey of annual reports.
We support the Global Reporting Initiative’s (GRI) framework for sustainability reporting. GRI reporting has been an integrated part of our reporting platform since 2002 and is presented as part of The Novozymes Report 2015 Supplementary section. For our 2015 reporting, as we ramp up our competencies in the GRI G4 framework, we have adopted an approach that is inspired by the GRI G4 guidelines. In future, we will strive to further improve our reporting competencies using the G4 guidelines as a yardstick for measuring our sustainability performance.
We view third-party assessments of our sustainability performance as a way to be constantly challenged and inspired by the outside world. We are honored to be included in a host of indices that benchmark our performance against peers and competitors. Achieving sustainability recognitions gives credibility to our aspiration to demonstrate sustainability leadership. Some of these recognitions are listed below.
We are committed to integrating sustainability in our core business and believe in sharing our sustainability performance in the most transparent, accountable and responsible way.
Novozymes earned a record score of 90 out of 100 from RobecoSAM in 2015. The increase in score from 2014, when we scored 86, can be attributed to the dedicated work to improve our business practices. These improvements were inspired by best practices learned from RobecoSAM and peers in the high-performing Chemicals Industry.
RobecoSAM scores companies on three dimensions: economic, environmental and social. In 2015, we were once again recognized as best in class in the social dimension, and received top scores for half of the environmental criteria. Major score improvements were achieved in the economic dimension. We will continue to work on improving our sustainability practices toward our 2020 target of receiving a Gold Class rating from RobecoSAM.
CDP (formerly Carbon Disclosure Project)
In 2015, CDP recognized Novozymes for our leadership on climate change action. With a maximum disclosure score of 100, we retained our position at the top of the Nordic Carbon Disclosure Leadership Index for the second year in a row. With a performance grade of A-, we were not included in CDP´s A List, as our 2014 CO2 emission reduction fell just short of CDP’s threshold. Our response was especially recognized for its clear support for the climate deal at COP21 in Paris in December 2015. We will strive to maintain our high performance in CDP in the coming years.
BusinessGreen Technology Awards 2015
In 2015, we received BusinessGreen’s prestigious award in the Best Bio-technology of the Year category for Novozymes Eversa®, an enzyme that converts waste oil to biodiesel. The award was judged by an expert jury of 11 leading figures in the field of environment and technology, who said in their testimonial that "Novozymes has a long-standing and hugely impressive track record in the field of green biotech innovation. Eversa® has the ability to drastically reduce the cost and enhance the efficiency of biodiesel production processes, delivering a raft of environmental savings in the process."
For more information on our sustainability recognitions, please visit www.novozymes.com.
Commitment to UNGC Communication on Progress
We remain committed to reporting our performance on UNGC’s Ten Principles on human rights, labor rights, environment and anti-corruption through the UNGC Communication on Progress (COP). An archive of our previous COP reports can be found on the UN Global Compact website, where our continuous development and progress in reporting is tracked.
COP peer review
In August 2015, we participated in a COP peer review process for the third time with peers from the UNGC Nordic Network: A.P. Møller - Mærsk and Novo Nordisk – both Global Compact LEAD members. For the first time, a peer from outside the Nordic region also participated: Royal DSM, which has been an active member of the UNGC since 2007. The group shared perspectives on better practices and challenges related to the Ten Principles of responsible business conduct. For more information on the feedback received, please visit Peer review – UNGC Communication on Progress 2014 at www.novozymes.com.
Moving forward, Novozymes will continue to engage in future peer reviews of COP to gain further insights into better reporting practices. The 2015 review will be available on our website by the end of August 2016.