Novo Nordisk and Global Compact
Novo Nordisk signed up to the United Nations Global Compact in 2002. In 2004 Novo Nordisk reaffirmed its commitment as a signatory to the Global Compact, including the tenth principle, which was adopted in June 2004.
We strive to implement the Global Compact principles into our business and within its sphere of influence. Novo Nordisk actively support the proliferation of the Global Compact by providing case studies and giving presentations related to Global Compact activities, both at international events and through the Nordic network.
Novo Nordisk has also been a founding member of The Global Compact Lead, a platform for leadership of champion companies participating in the Global Compact, which meets on the basis of webinars and Retreats to discuss, with the help of academics, cutting edge aspects of implementation of the Global Compact.
In January 2009 and again in 2010, Novo Nordisk co-hosted discussions on the future development of the Global Compact at the World Economic Forum in Davos and is an active partner in this effort.
Novo Nordisk has since 2007 been a part of the UN Global Compact initiative – ‘Caring for Climate: The Business Leadership Platform’. This initiative is well in line with Novo Nordisk’s climate strategy. Read more about Climate action.
For Novo Nordisk, the Global Compact is a forum for learning and a way of engaging in dialogue with stakeholders. The Global Compact is also an opportunity to be accountable and transparent about efforts to integrate sustainability into the business.
Novo Nordisk works actively with the ‘Global Compact Network Nordic Countries’ for the Compact to gain further ground in the Nordic countries and to share better practices for implementation among Nordic companies.
Examples of activities in support of the Global Compact principles include Novo Nordisk’s support of the UN Resolution on Diabetes, participation in the Global Business Initiative for Human Rights, the Global Compact Human Rights Working Group, and the Respect Europe initiative ‘Road to Copenhagen 2009’.
The Global Compact’s 10 principles for responsible business are incorporated into the company’s governance framework, the Novo Nordisk Way of Management and serve as the strategic frame for comprehensive programmes such as the Changing Diabetes programmes to improve access to health, the Business Ethics Programme and the Responsible Sourcing Programme.