The commitment to the United Nations Global Compact forms part of Novozymes’ values. Consequently, the Global Compact principles are guiding the efforts to integrate social and environmental responsibility into all business processes and decisions. With a view to ensuring ever greater integration, Novozymes has set up a dedicated Sustainability Development Strategy Group, which reports to the corporate executive management team. This strategy group is responsible for developing and implementing Novozymes' overall strategy for social and environmental responsibility. It comprises vice presidents from across the global organisation, supported by a development unit called Sustainability Development Center. This unit comprises specialists in social and environmental responsibility.
Achievement of a number of performance and development targets related to social and environmental responsibility is integrated into a special bonus scheme for the corporate executive management team and other vice presidents. Furthermore, social and environmental responsibility is a fixed agenda item twice a year at board meetings. Financial, social and environmental results are reported quarterly, both internally and externally.
Novozymes' business units are regularly visited by a facilitator corps. These facilitators assess compliance with Novozymes' values by means of interviews with employees at all levels. Novozymes also has a special ombudsman, who provides an opportunity for all employees to have cases heard which they believe to be in conflict with Novozymes' values, policies and management standards.
Further information about Novozymes' work on social and environmental responsibility is available under Sustainability at www.novozymes.com. Information about 2006 in particular is available in The Novozymes Report 2006, which is an integrated annual report covering financial, environmental and social data based on the AA1000 assurance standard. Further information is available at www.novozymes.com e.g. Novozymes' values and mission statement (The Novozymes Touch), as well as policies and positions on aspects of social and environmental responsibility. Particular reference is made to Novozymes' social responsibility policy, and environment and bioethics policy.
