Investor Presentaiton
Novo Nordisk Annual Report 2023
Introducing Novo Nordisk Strategic Aspirations
Risks
Management
Consolidated statements
Additional information
Male
Female
Other
Not reported
8.3 Gender diversity in leadership positions
Employees by gender
%
2023
2022
2021
Ratio men:women
2023
2022
51%
51%
51%
CEO, EVP, SVP
64:36
71:29
2021
72:28
49%
49%
49%
CVP, VP
59:41
60:40
63:37
0%
0%
0%
Director, manager, team leader
54:46
55:45
57:43
0%
0%
0%
Gender in leadership positions (overall)
54:46
56:44
Gender in senior leadership positions
59:41
61:39
57:43
64:36
Employees by age group
Gender in the Board of Directors
50:50
54:46
67:33
%
2023
2022
2021
Under 30 years old
17%
15%
14%
30-50 years old
64%
65%
66%
Over 50 years old
19%
20%
20%
The number of employees increased in most areas with the highest growth in EMEA,
notably in Product Supply, Quality and IT. Currently, Novo Nordisk's HR systems allow
employees to select the gender they most identify with. Moving forward, Novo Nordisk is
committed to increasing awareness of this self-identification option. The breakdown by
age group remained stable in the last three years.
The employee turnover rate decreased from 8.2% in 2022 to 5.5% in 2023, with decline
in almost all business areas.
ACCOUNTING POLICIES
The total number of employees is measured as headcount of all employees at
year-end, except externals, employees on unpaid leave, interns, Bachelor's and
Master's thesis employees and substitutes. All employee data is based on
registrations in Novo Nordisk's HR systems.
Employees are attributed to geographical regions according to their primary
workplace across the commercial units, research and development, production
and support functions. Employees in corporate functions are included in EMEA
and employees in Global Business Services in Bangalore, India, are included in
Rest of World.
The employee turnover rate is measured as the number of employees, excluding
temporary employees, who left the Group during the financial year, divided by the
average number of employees, excluding temporary employees. Employees working for
Group companies that have been disposed of are not counted as having left the Group.
The gender diversity in leadership positions overall at Novo Nordisk meets the Danish
gender diversity requirements. At the end of 2023, 46% of leadership positions were
filled by women, compared to 44% at the end of 2022. Within senior leadership, 41%
positions were filled by women at the end of 2023, compared to 39% at the end of 2022.
All management teams, from entry level upwards, are encouraged to focus on enhanced
diversity, with the aim of ensuring a robust pipeline of talent for leadership positions. In
2021, Novo Nordisk introduced a global aspirational target of achieving a balanced gender
representation across all managerial levels with a minimum of 45% for both women and
men in senior leadership positions by the end of 2025.
ACCOUNTING POLICIES
Gender in leadership positions is reported as the percentage split by gender in
leadership and senior leadership positions. Senior leadership positions are defined
as employees in the global job levels chief executive officer (CEO), executive vice
president (EVP), senior vice president (SVP), corporate vice president (CVP) and vice
president (VP). Overall leadership positions are defined as directors, managers,
team leaders and senior leadership positions. Diversity on the Board of Directors is
reported as the percentage split by gender among all members, including employee-
elected members.
8.4 Sustainable employer score
This year's employee survey revealed an increase in the already high overall
engagement, bringing it to 86% favourable compared to 85% favourable in 2022.
Novo Nordisk continues to score in the top quartile when benchmarked against
external organisations when it comes to providing a purpose-driven workplace.
Improvements were seen on most questions, with a large improvement on
'I understand how my performance is evaluated', which was a focus area for
follow up on the 2022 survey results. Opportunities for further improvement
were seen in providing equal career opportunities for all and improving following
through on committed actions, based on survey results across the organisation.
ACCOUNTING POLICIES
The Sustainable employer score measures the average percentage of favourable
answers to the 18 engagement items in the survey. Favourable answers are
defined as 'Agree' and 'Strongly agree' to positively framed questions. The survey
is administered by an external vendor.
8.5 Health and safety
In 2023, Novo Nordisk had 153 accidents with reported absence compared to 128 in
2022, which is in line with the increase in number of employees. The average lost time
accident frequency was 1.5 in 2023, in line with 2022.
Novo Nordisk had one work-related fatality in 2023 compared to two in 2022, due to
a car accident. Novo Nordisk will continue to train and motivate employees on good
road safety behaviour to reduce the risk of recurrences.
In 2023, Novo Nordisk has harmonised incident reporting into one global reporting
system to ensure standardised reporting and systematic prevention, specifically with
focus on prevention of high-risk incidents.
We offer a healthy and engaging workplace, supported by a comprehensive health
and safety programme based on continuous improvements within safety, physical
health, mental well-being and employee health promotion. To this end, we have
implemented our Health & Safety management system across our entire global
organisation. Performance is overseen by Executive management and the Board of
Directors. In 2023, 13.8% of Novo Nordisk employees reported symptoms of stress, in
line with 2022, and 7.1% reported symptoms of work-related physical pain, compared
to 7.8% in 2022.
For a full overview of Novo Nordisk's Health and safety framework and for the CEO's
statement on health and safety, please refer to: www.novonordisk.com/sustainable-
business/esg-portal/social.html.
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