Nordisk Sustainability - SustainabilityTracker.com

Novo Nordisk presents sustainability as integrated into its business and reporting, with environmental, social and governance topics embedded in annual reporting and management processes. The company says it is stepping up commitments to patients and society and further integrating sustainability into everything it does. Its reporting has evolved from integrated reporting to CSRD-compliant sustainability statements, with an emphasis on materiality, decision-useful disclosure, and linking impacts, risks and opportunities to strategy. The available content also indicates long-standing attention to access to care, climate, human rights, and responsible business conduct.

Integrated sustainability reporting

For the first time, the Danish pharmaceutical company Novo Nordisk has integrated its voluntary corporate reporting to include the social, environmental, and financial performance. The 2004 Annual Report brought together material previously contained in three separate publications, presenting information in a magazine format that features "hot topics" as well as 64 pages of financial and non-financial accounts.

Responsible business clause

In 2004, the company amended its articles of association to specify that the company will ‘strive to conduct its activities in a financially, environmentally and socially responsible way’.

Climate change strategy

It also developed a climate change strategy, entering a partnership with the global environmental group WWF to achieve an absolute reduction in its carbon dioxide emissions by 2014.

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Human rights standards

It began road-testing the United Nations Norms on the Responsibilities of Transnational Corporations, with a view to developing human rights standards.

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