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Building Award-Winning Triple-Bottom-Line Leadership and Innovation for Sustainability
Susanne Stormer@SusStormerVice President, Corporate Sustainability
Novo Nordisk
Building Award-Winning Triple Bottom Line
Leadership and Innovation for Sustainability
Susanne StormerVice President of Corporate Sustainability
Novo Nordisk
1
We can’t prove that Triple Bottom Line thinking is reflected in market value, but it’s hard to argue that it isn’t
Causality or coincidence?
Note: Novo Nordisk market cap for A+B stocks. Data supplied by Investor Relations (Last date 04-02-2016)
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200
400
600
800
1000
1200
BDKK
2004
2005
2001South African
court case
2008Diversity aspiration
and global standardsfor employee health
2010Climate target
achieved
2014
2005-2009
Oil for Food and business ethics
2000 2002 2004 2006 2008 2010 2011 2012 2014 2016
2015Sustainable Development
Goals
Our philosophy is that corporate social responsibility is nothing but maximizing the value of your company over a long period of time, because in the long term, social and environmental issues become financial issues.
Lars Rebien Sørensen, CEOin Harvard Business Review, November 2015
We believe that a healthy environment, society and economy are fundamental to long-term business success
“I’m leading a team that is collectively creating one of the world’s best-performing companies.”
The Triple Bottom Line is the foundation for how Novo Nordisk creates value and stays successful
Novo Nordisk Way The Triple Bottom Line Articles of Association
2. Objects
The Company’s objects are to carry out research and development and to manufacture and commercialisepharmaceutical, medical and technical products and services as well as any other activity related thereto as determined by the Board of Directors.
The Company strives to conduct its activities in a financially, environmentally, and socially responsible way.
The corporate strategy sets the long-term direction to live up to the commitments in the Novo Nordisk Way
Our ambition is to strengthen our leadership in diabetes.
We aspire to change possibilities in haemophilia and other serious chronic conditions.
Our key contribution is to discover and develop innovative biological medicines and make them accessible to patients throughout the world.
Stakeholders Governance
Aspirations & goals
Integrated thinking in key business
processes Performance
Articles of AssociationNovo Nordisk Way
Strategy and policiesBoards and Committee
Annual strategy review by the Board of Directors
Strategic long-term targets and 2020 aspirations
Specific short-term targets
Trend spottingStakeholder engagementPartnerships
Balanced ScorecardPersonal performance goalsLong-term incentive programmeQuarterly management reportingAnnual reporting
Integrated thinking provides a broader mind-set, strengthens internal collaboration and drives performance
We focus on how we create, capture and communicate value to society and value to the business
DEMONSTRATE RESPONSIBILITY FOR IMPACTS ON SOCIETY
LEAD TOWARDS
PROSPERITY
INTEGRATE SOCIAL AND ENVIRONMENTAL
PRIORITIES IN BUSINESS STRATEGY
Our aspiration is to become a sustainable business and to be a contribution to the future we want
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The Triple Bottom Line will make us fit to be in business for the next generations
For more information:novonordisk.com/sustainability twitter.com/novonordiskTBL
The Apis bull logo is a registered trademark of Novo Nordisk A/S