Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer...
Novo Nordisk Releases its Annual Social, Environmental and Financial Results
Novo Nordisk has released its ninth integrated annual report, providing detailed information on the company's financial, social and environmental responsibility in 2012. The report reveals how the company's Triple Bottom Line business principle is helping it create long-term value.
The report provides an insight into Novo Nordisk's updated global access to diabetes care strategy that is helping close the gap between health needs and healthcare supply. The report also announces the company's goal of reaching 40 million patients with medical care by 2020.
LiseKingo, executive vice president, corporate relations, Novo Nordisk, said:"We publish an integrated report because we think it's important that when we talk about sustainability we also hold ourselves accountable to our stakeholders."
In the social arena, Novo Nordisk's performance in 2012 includes reaching about 23 million people with injectable diabetes care products, compared to 21 million in the previous year. It imparted education or training to nearly 1.3 million healthcare providers to improve diabetes care, up from 835,000in the previous year. The company also increased the diversity of senior management teams to 66 percent, which is an improvement from 62 percent achieved in the previous year.
Novo Nordisk's performance on the environmental front in 2012 included an increase in CO2 emissions from energy consumption of 30 percent compared to the previous year, which also represented an absolute reduction of 44 percent compared to 2004. The increase in water and energy consumption in 2012 compared to the previous year was 16 and 11 percent respectively.
The increase in water and energy consumption in 2012 is the direct result of the increased production volume output of Novo Nordisk compared to the previous year. The increase in CO2 emissions from energy consumption occurred due to the phase-in of a new filling plant in Tianjin, China as well as increased production volume at the main production site in Kalundborg, Denmark.
Photo Credit: Ten_a