Recognising the complexity and cross cutting nature of climate change, we have taken a partnership approach to address this global challenge.
In 2006, Novo Nordisk became a member of the World Wide Fund for Nature (WWF) Climate Savers programme. By increasing efficiency, Climate Savers companies are decreasing CO2 emissions while creating competitive advantage and increasing shareholder value.
Novo Nordisk's climate strategy links to this agreement, according to which the company has set an ambitious target for its CO2 emissions from production: To achieve an absolute reduction of 10% by 2014 compared with 2004 emission levels while still growing the business.
Greening energy supply
In May 2007, Novo Nordisk signed a partnership agreement with the Danish energy supplier DONG Energy. Under the first of its kind partnership we pledged to convert energy savings realised at our Danish production sites into the purchase of renewable energy certificates from a new wind farm DONG Energy was planning to build in the North Sea.
With this agreement Novo Nordisk devised a cost-neutral way to achieve significant reductions in CO2 emissions while at the same time helping to build the market for renewable energy in Denmark.
The wind farm - Horn Rev 2 - was inaugurated in 2009. In 2010, electricity supplied to all Novo Nordisk's facilities in Denmark was converted to wind energy from Horns Rev 2.
So far, around 100 Danish companies and municipalities have made similar partnerships with DONG Energy. In 2008, DONG Energy established a new department dedicated to driving this new business area in the European energy market.