The transformation to a low-carbon economy is not only urgently needed and possible; it also offers a promise of economic growth. We take concrete steps to reduce our own carbon footprint and to raise awareness about the need for immediate action on climate change. To this end, Novo Nordisk was a key player in the World Business Summit on Climate Change in Copenhagen in May 2009, pushing for a new, effective global climate agreement at COP-15.
In 2009, we achieved an absolute reduction of more than 30% in its CO2 emissions. This was due partly to energy savings and partly to the purchase of wind power through an innovative partnership with DONG Energy, a Danish energy supplier. From 2010 all Danish production sites will be powered by energy from the new wind farm at Horns Rev in the North Sea thereby reducing our CO2 emissions.
This reduction will allows us to meet the carbon reduction target which is part of our agreement as members of the WWF Climate Savers Programme: that the company's total CO2 emissions by 2014 will be 10% less than in 2004.
We are committed to conducting its business in a financially, environmentally and socially responsible way. As climate change has global implications on all three dimensions of the Triple Bottom Line, taking steps to reduce the company's impact is both an act of corporate responsibility and risk mitigation. Recognising that climate change - as the diabetes pandemic - is related to the consumption and lifestyle trends of high- and middle-income economies, climate change is also an unprecedented opportunity to bring the world on a healthier, more sustainable course.
Credit for much of the company's progress in carbon management is due to the hard work and diligence of energy stewards placed throughout the organisation. The stewards and other utility staff serve as a small army of eyes and ears within production facilities, looking for ways the company can improve.
Visit our sustainability website to read our position on climate change