The industry-led Task Force on Climate-related Financial Disclosures
(TCFD) establishes recommendations for disclosing clear, comparable
and consistent information about the risks and opportunities presented
by climate change. It is expected to help companies better demonstrate
responsibility and foresight in how they consider climate change
issues, with the intent to lead to smarter, more efficient allocation
of capital and facilitate the transition towards a more sustainable,
Novo Nordisk believes that decision-useful climate-related information in mainstream reports is needed more than ever. The TCFD recommendations fit well into our commitment to conduct business in a financially, environmentally and socially responsible way. We believe the TCFD recommendations will assure investors that Novo Nordisk takes climate change seriously and works proactively to understand the risks and opportunities to our business related to climate change.
We will take a step-wise approach to incorporate climate-related disclosures as per the TCFD recommendations into our Annual Report; Below is a summary of how Novo Nordisk addresses the risks related to climate change.