Accounting for performance
Novo Nordisk reports on its performance on an annual basis. As of 2004, the company’s reporting integrates financial and non-financial reporting into one document, the Annual Report, prepared for the company’s shareholders. This is the legal document, including all financial information in accordance with Intenational Financing Reporting Standards (IFRS), the Danish Financial Statement Act and additional Danish reporting requirements as well as information pertaining to Novo Nordisk’s non-financial performance.
The Annual Review 2004, provides an overview of the company’s performance during the year. It has the same basic information as the legal document, including feature articles that present key challenges for the company to address in its pursuit of its vision and strategic objectives. It gives has performance highlight, but does not include detailed performance data.
The Annual Accounts 2004 for the Parent Company, Novo Nordisk A/S.
Additional, voluntary reporting
In addition, Novo Nordisk subscribes to international codes and standards for voluntary reporting, with particular focus on economic, social and environmental performance.
Novo Nordisk reports in accordance with the 2002 GRI Sustainability Reporting Guidelines and in support of the UN Global Compact. This information can be found in
- the Annual Report 2004
- the Annual Review 2004
- reports for Novo Nordisk’s eight major production sites which account for performance in terms of environmental and social responsibility and economic impact
- the online, supplementary information
Novo Nordisk supports the following externally developed, voluntary economic, environmental, and social charters, and sets of principles:
- Global Reporting Initiative (GRI)
- International Chamber of Commer’s Business Charter for Sustainable Development
- United Nations Convention on Biological Diversity
- United Nations Global Compact
- United Nations Universal Declaration of Human Rights
Novo Nordisk has qualified to use/has received the following recognitions (Voluntary code compliance, product labels or awards) with respect to social and/or environmental responsibility:
GRI ‘in accordance reporting’ since 2002
Global Compact, Communication on Progress (subscriber since 2001)
In addition the company has received numerous awards for its environmental, social and sustainability reporting over the years. See the complete award list for 2004 here.
Novo Nordisk is included in a number of investor indices for sustainability-driven companies. The company is ranked as industry leader in the pharmaceutical industry at the Dow Jones Sustainability Index 2004.