According to the AA1000 assurance standard, we are required to include suggestions for improvements in relation to environmental and social responsibility. Our suggestions do not affect the above stated conclusion.
Novozymes reports results as well as performance and development targets. More refined development targets could result in greater clarity as regards Novozymes’ expectations to the objectives for the coming year’s work with environmental and social responsibility.
Novozymes could continue in a more systematic and consistent way to explore the boundaries of management influence and control beyond that of its legal boundaries in respect of environmental and social responsibility.
We recommend that Novozymes develop and implement a common corporate set of social and environmental assessment criteria as well as a common corporate assessment methodology for addressing the social and environmental performance of its suppliers.
We recommend that Novozymes develop a more formalised, yet open-ended stakeholder engagement process to allow it fully to assess emerging stakeholder concerns and interests, including wider societal demands and needs that have a direct or indirect bearing on the Novozymes products and technologies.
Declaration of independence and competencies
The AA1000 Assurance Standard requires us to make a statement with respect to our independence of Novozymes A/S and our qualifications for undertaking the assurance engagement. The scope, the basis of opinion and our conclusions are presented in our assurance report on Novozymes A/S’ Annual Report 2005.
Our assurance team possesses the requisite skills and experience within financial and non-financial assurance, sustainability management, social and environmental issues as well as industry-specific knowledge to undertake this assignment. Our assurance team has been drawn from our Sustainable Business Solutions team that comprises individuals with educational and professional background within e.g. financial and non-financial auditing and reporting, environmental engineering and management, corporate sustainability management, communication, business, the natural sciences and the social sciences as well as from our financial audit services department.
As financial auditors of Novozymes A/S we are required to meet the independence requirements of international professional standard setting and national regulatory bodies. In addition, PricewaterhouseCoopers’ own Global Independence Policy which in some areas exceeds those of international professional standard setting and regulatory bodies is applicable to the firm, the partners and its professional staff, including all members of the assurance team. In general, we conduct business without any financial interests in, or personal or business relationships with, our audit clients and their affiliates.
Gladsaxe, den 24. januar 2006
|PricewaterhouseCoopers AG, Schweiz
Thomas Scheiwiller, Dr. sc.nat.
Helle Bank Jørgensen,
State Authorised Public Accountant