Novo Nordisk Annual Report 2021
Contents Introducing Novo Nordisk
Strategic Aspirations
Key risks
Management
Consolidated statements
Additional information.
Novo Nordisk Annual Report 2021 13
F
Ambitious emission targets
We are assessing, preparing for and mitigating the risks from
climate change and have set ambitious emission reduction
targets with an emissions trajectory in line with the 1.5 degree
pathway in the Paris Agreement. Action is required now,
which is why we have defined several ambitious climate and
environmental targets in the near to medium-term future,
leading to 2030.
In 2021, Novo Nordisk's CO2 emissions from in-house operations
and transport decreased by 43% compared to the 2019 level,
bringing total emissions down to 174,000 tonnes of CO2 This
reduction was driven by our renewable energy projects and the
impact of COVID-19 on travelling. 2019 is used as the baseline
for CO2 emissions as 2020 was impacted by the pandemic.
Total CO2 emissions from operations and transportation
1,000
tonnes
350
300
250
200
150
100
50
0
2018
2019
2020
2021
Operations
We are building on our landmark 2020 achievement of using
100% renewable power across our global production network.
The next step is to transform our business processes to eliminate
the negative environmental footprint from all our operations. We
plan to have zero net emissions of CO2 from our own production
facilities, global office buildings and laboratories by 2030, and are
striving to reduce our emissions year-on-year.
Transportation
Transportation is an important element in the environmental
equation. We have made good progress towards achieving our
target of transitioning to 100% electric company cars by 2030,
with 50% of vehicles in our home market of Denmark now using
electrical or plug-in technology. Entering into an agreement
with Maersk to transport our products with CO2 neutral ships
was another important milestone. We are also minimising
emissions from business air travel by using digital platforms for
virtual collaboration wherever possible.
Supply Chain
We are now stepping up our work with supply chain partners to
ensure they also use renewable power when producing for Novo
Nordisk. Currently, direct suppliers representing 41% of supply
chain CO2 emissions have committed to using renewable power.
18% of these emissions have already been reduced due to an
early shift to renewable power, cutting our supply chain emissions
by approximately 50,000 tonnes. We expect all our direct suppliers
to source 100% renewable power by 2030. Successful conversion
to renewable power among all our suppliers would result in a
further 300,000 tonnes of CO2 being eliminated every year.
As part of our drive to encourage greater environmental
responsibility among all the partners we do business with,
50% of vehicles in our home market of Denmark
now using electrical or plug-in technology
CLEVER
we made a significant commitment in 2021 to reach net-zero
emissions across our entire value chain by 2045. Achieving this
reduction calls for an ambitious plan to tackle Scope 3
CO2 emissions, e.g., purchased goods and services, capital
goods and employee commuting, among others. With more
than 60,000 suppliers in our value chain, engaging with
them all to progress towards net-zero emissions is a major
undertaking. Our role in sharing lessons learnt with peers onView entire presentation