Investor Presentaiton
Novo Nordisk Annual Report 2023
Introducing Novo Nordisk Strategic Aspirations Risks
Management
Consolidated statements
Additional information
GOVERNANCE
ESG Governance
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до
Sustainability
Advisory Council
Provides non-binding
recommendations on our
Strategic Aspirations regarding
purpose and sustainability.
Composed of external experts.
We strive to conduct our activities in a financially, environmentally
and socially responsible way. To achieve this objective and
integrate sustainability considerations in Novo Nordisk's strategy
and core business, ESG is anchored and discussed in relevant
governance bodies across the organisation.
Our ESG Governance model includes the Board of Directors'
and Board Committees' oversight and advice on ESG matters
such as strategic direction and ambition level, as set by Executive
Management. Their oversight also includes approval of our ESG
reporting, variable remuneration components and more.
Operational decisions are anchored at the executive level in the
Sustainable Business Execution Steering Group. It is composed
of our Commercial Strategy & Corporate Affairs executive vice
president and other senior sustainability leaders, including
representatives of North America and International Operations.
Supported by the underlying steering groups, the Sustainable
Business Execution Steering Group provides guidance on
implementation related to our social and environmental initiatives.
To ensure a well-rounded governance setup, we actively seek
external input through our Sustainability Advisory Council.
Comprised of experts from various fields, this independent body
offers invaluable perspectives that challenge us to continuously
improve our sustainability efforts. They provide constructive
feedback on our current initiatives and help us explore innovative
opportunities for the future. You can learn more about the council
and its members at: www.novonordisk.com/sustainable-business/
esg-portal.html.
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Audit
Committee
Oversees financial and
ESG reporting.
Board of
Directors
Oversees strategic
direction and advises
on ambition level.
Remuneration
Committee
Determines executive
remuneration, including
based on sustainability
targets.
Executive
Management
Decides on strategic
direction, ambition level,
targets, roadmaps and
Nomination
Committee
Assesses the
competencies of the
Board of Directors,
including within ESG.
80
central funding, as well as
financial and ESG reporting.
Sustainable Business
Execution Steering Group
Takes operational decisions to
implement Executive Management's
decisions regarding core
sustainable business priorities.
ESG Reporting
Steering Group¹
Provides guidance on
ESG reporting, including
implementation of new
regulatory requirements.
Environmental
steering groups
Drive environmental
initiatives, particularly with
regards to circularity.
Social steering
groups
Drive social initiatives, related
to global health equity, business
ethics and others.
1. The responsibility of the consolidated ESG statement resides in Finance.View entire presentation