Business and the Global Challenge – a Novo Group Perspective Lise Kingo, Corporate Vice President, Novo A/S, Stakeholder Relations World Environment Center,

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Presentation transcript:

Business and the Global Challenge – a Novo Group Perspective Lise Kingo, Corporate Vice President, Novo A/S, Stakeholder Relations World Environment Center, New York 26 April 2001

The Global Challenge

UNSUSTAINABILITY SOCIAL NATURAL DECLINING RESOURCES Overfishing Food System Stress Fresh Water Scarcity ALTERED BIO GEOCHEMISTRY Ozone Depletion Carbon Dioxide Eutrophication SOCIAL DISINTEGRATION Unemployment Health Crisis Family Breakdown SWELLING POPULATION 3 Billion more by 2025 Refugees Urbanization

The Global Capitals Manmade/economic capital Ecological capital Human capital

Corporate Governance in the Novo Group

Corporate Governance Corporate boards and directors are accountable to shareholders for corporate performance and responsible for the legal and ethical behaviour of the companies they direct

Corporate Governance in Practise Ensure the right executive management and organisation of the company Organisational Audit and Facilitations discussed in the boards every 6 months Supervise financial performance of the company Participate in determining the strategy and business plans of the company Strategy plans, targets and status including Sustainable Development discussed in the boards every 6 months

The Novo Group Charter - Putting Values into Action

The Novo Group Charter CORE VALUES (Accountable,Ambitious, Responsible Open & Honest, Ready for Change) COMMITMENTS (Financial, Environmental and Social Responsibility) THE 10 FUNDAMENTALS METHODOLOGY Environmental & Social Reporting Facilitations Organisational Audit Succession Management

Business or Values?! Implementation of Values Results against targets Performance

Sustainable Development – Earning Licence to Operate

The Triple Bottom Line Environmentally sound Socially Responsible Economically viable

Triple Bottom Line - Critical Processes Improvement, target setting & reporting Integration Stakeholder dialogue & partnerships Living the Triple Bottom Line Involvement of employees at all levels Learning Internationalisation

Novo Group Stakeholder Model Local communities EU Local authorities Media Employees Universities Investors Insurance companies Suppliers Customers NGOs Consumers Novo Group Business organisations

Global Reporting The Novo Group publishes annual reports on values and the Triple Bottom Line, focusing on: Novo Nordisk’s values and approach to sustainable development Social responsibility Environmental performance Bioethics Site reports from production plants worldwide on environmental and social responsibility

Why address The Global Challenge this Way? To obtain trust and freedom to operate and innovate To attract and retain the most talented people To understand signs from stakeholders To be part of defining new legislation and requirements Rising demand from investors (Dow Jones/ Sustainable Group Index) and for the Novo Group … because this development falls in line with Novo Nordisk’s history and values

Combining Values and Business Source: Dow Jones Sustainability Group Index