Novo Nordisk Annual Report 2021 slide image

Novo Nordisk Annual Report 2021

Contents Introducing Novo Nordisk Strategic Aspirations Key risks Management Consolidated statements Additional information. Novo Nordisk Annual Report 2021 14 the use of renewable power was recognised during Climate Week New York City in September 2021, when Novo Nordisk was awarded the RE100 Key Collaborator Award for its work in accelerating the global transition to 100% renewable energy. Stepping up to the plastic challenge Cutting CO₂ emissions is only a part of our ambitious goal of creating a business with zero environmental impact. We also recognise the need to minimise the use of fossil-based plastic, which is one of our major challenges, as we produce more than 600 million pre-filled pens every year, which are an essential daily companion for people living with diabetes. We must find good solutions to minimise the use of fossil-based plastic by innovating new products, shifting to more sustainable material and establishing recycling opportunities for our pre-filled pens globally. We use more than 12,000 tonnes of plastic every year in the production of our devices. As medical waste, they are difficult to recycle. However, a pioneering take-back initiative piloted over the past year in Denmark shows that it is possible to reclaim and reuse the plastic that makes up three-quarters of these devices. Material from scrapped insulin pens has already been successfully used for the manufacture of lamps and office furniture. Over the next three years, we also aim to roll out pen recycling pilots in other markets, starting with the UK, France and Brazil. Further out, we are investigating the potential to develop non fossil fuel-derived plastics by harnessing waste carbon and hydrogen from energy supply processes, including through the use of carbon capture. Please refer to the Sustainability Standards section on pages 22 and 23 for more information on our reporting in the environmental dimension. What are Scope 1, 2 & 3 emissions? A company's greenhouse gas emissions can be classified into three scopes. These scopes are defined with reference to how directly a company influences the emissions - with Scope 3 being the hardest to monitor and address. Novo Nordisk's reporting of Scope 3 emissions is currently limited to product distribution and business flights. This means that the data shown below do not include a significant proportion of the Scope 3 emissions from our value chain. Scope 1 Direct emissions from company- owned and controlled resources (including emissions from production processes and transport) Scope 2 Indirect emissions from the generation of energy purchased from a utility provider (including electricity, steam, heat and cooling) 77,000 tonnes of CO₂ 16,000 tonnes of CO₂ Total CO₂ emissions from operations and transportation Scope 3 All indirect emissions - not included in Scope 2- that occur in the value chain of the reporting company (including both upstream and downstream emissions) Novo Nordisk's reporting of Scope 3 emissions is currently limited to product distribution and business flights 81,000 tonnes of CO₂ 174,000 tonnes
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