Investor Presentaiton
Novo Nordisk Annual Report 2023
ENVIRONMENTAL
Introducing Novo Nordisk Strategic Aspirations Risks
Management
Consolidated statements
Additional information
Cutting emissions in
collaboration with our suppliers
SCOPE 1, 2 AND 3 EMISSIONS IN 2023
(1,000 tonnes CO₂e)
78
Scope 1:
According to the World Health Organization, climate change is
the single biggest health threat facing humanity. We recognise
that caring for our patients also means caring for our planet,
and with the healthcare sector as a whole accounting for
approximately 5% of global emissions, we take our environmental
impact seriously. We are determined to play our part in creating
a sustainable, healthy environment for the long term, and our
ambition is bold and simple: to have zero environmental impact.
To achieve this, one of our key tasks is to decouple the growth
in our business from our CO2 equivalent (CO₂e) emissions;
otherwise, our carbon footprint will continue to climb as we
serve increasing numbers of patients.
"Focusing solely on our own activities
is not enough. We must also ensure
our 60,000-plus suppliers play their
part in this transformation."
However, focusing solely on our own activities is not enough.
We must also ensure our 60,000-plus suppliers play their part
in this transformation, since their activities account for the
majority of our total CO2e emissions - amounting to 98% in
2023. Our target is that all goods and services from suppliers
will be based on 100% sourced renewable power by 2030.
We are engaging with suppliers in high-impact areas to
understand how we can collectively reduce emissions using
novel approaches to decarbonisation. This involves working on
innovative Power-to-X solutions that use renewable electricity
to produce green fuels and low-carbon chemicals, or using
organic waste materials to produce biofuels.
Recent examples include our membership of the Sustainable
Aviation Buyers Alliance (SABA) to support the expansion of
sustainable aviation fuel facilities, and our partnership with
global logistics firm Maersk on low-emission fuels for ocean
freight. Both these investments are contributing to the global
uptake of innovative green technologies.
Direct emissions from owned or
controlled sources
Scope 2:
Indirect emissions from the
generation of energy purchased
from an utility provider
Scope 3:
All indirect emissions - not included
in scope 2 - that occur upstream and
downstream in our value chain
Target 2045: net zero CO₂e emissions across
our full value chain
EMISSIONS FROM OPERATIONS
309
AND TRANSPORTATION
(1,000 tonnes CO₂)'
On this front, we have made significant progress in curbing
our company's emissions. Since 2020, all our production sites
have sourced 100% renewable power and we aim to reach zero
CO₂e emissions from operations and transportation by 2030.
3,738
15
Company cars (scope 1)
221
203
Business flights (scope 3)
170
174
Product distribution (scope 3)
Office buildings and
laboratories (scope 1, 2)
Production (scope 1, 2)
2019
2020
2021
2022
2023
Target 2030: zero CO₂e emissions
from operations and transportation
1. Emissions in 2023 are measured in CO₂e.
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