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Sustainability targets 2006

As in 2005, the targets for 2006 are divided into performance targets and development targets.

All the targets have been set on the basis of their financial value and contribution to achieving, among other things, the United Nations' Millennium Development Goals. As in previous years, achievement of these targets is an element in the bonus scheme for Novozymes' senior management.

Performance targets for 2006
The performance targets are quantitative and directly impact the financial bottom line. For a more detailed description, see the Financial, environmental and social discussion. The targets are reviewed internally each quarter, and selected indicators are published in the quarterly financial reports. The targets are shown below.

  • Limit the increase in water consumption to a maximum of 7%*
  • Limit the increase in energy consumption to a maximum of 9%*
  • Increase the percentage of total waste recycled to more than 30%
  • Limit emissions of ozone-depleting HCFCs to below 3,300 kg
  • Avoid significant spills
  • Avoid fatal occupational accidents
  • Ensure a low rate of employee turnover of less than 7%
  • Ensure a low rate of absence of maximum 3%

* The targets for limits to the increase in water and energy consumption relate to the expected increase in sales calculated in local currencies and will be adjusted if necessary. Adjustments will also be made for change in inventories.

Development targets for 2006
The development targets are qualitative and relate to selected activities initiated to improve our work on sustainability.

The development areas indirectly impact the financial bottom line as they help us to identify risks and opportunities more effectively. The targets are followed up internally with the help of quarterly milestones for each area. The development targets for 2006 have been drawn up on the basis of the results for 2005. The targets are shown below, followed by a short description of each target.

  • Improve energy efficiency
  • Reduce risk of HCFC emissions
  • Involve customers in lifecycle assessments
  • Include human rights and labour standards in internal audits
  • Sharpen focus on diversity management
  • Include new elements in occupational health and safety in internal audits

Improve energy efficiency
Novozymes' energy strategy aims to improve energy efficiency and reduce carbon dioxide emissions in our value chain. In 2005 we carried out analyses of energy management and energy consumption at our production plants. In 2006 the analyses will be used to prioritise the opportunities identified, with a view to making further improvements in energy utilisation.

Reduce risk of HCFC emissions
In recent years there have been emissions of HCFC from one of Novozymes North America's refrigeration chillers. In 2006 we will therefore be replacing existing large refrigeration chiller with a view to reducing emissions in the future.

Involve customers in lifecycle assessments
The work on lifecycle assessments of Novozymes' products has provided valuable information about the value creation to which Novozymes contributes in relation to a number of environmental parameters. This value creation is ultimately important for society, as the use of our biological solutions typically has a number of environmental advantages over traditional processes. Depending on the product, value is created either through the customer's use of our product or through the consumer's use of our customer's product.

In 2006 we aim to make our customers aware of these environmental benefits and encourage them to use this knowledge actively. This means we will be working even more actively on involving our customers in mapping our products' potential in terms of sustainable development. See the article Enzymes' effects from cradle to grave.

Internal audits – human rights and labour standards
In 2005 indicators were developed for use in internal audits. This work was based on the minimum human rights and labour standards which are part of our management standard for social responsibility. Pilot audits were performed in Denmark and China, and in 2006 the target is to integrate the programme into our general internal audit schedules.

Sharpen focus on diversity

Novozymes operates in many different countries, and the company's employees have very different backgrounds, for example socially, culturally and educationally. We believe this diversity to be one of Novozymes' strengths when it comes to creativity and innovation in product development. In 2006 we will therefore be focusing on raising employees' awareness of this strength, and training managers to use it to get results. We will also ensure that local strategies for social responsibility include relevant initiatives to ensure equal opportunities for all current and future employees. See the article Global and local efforts go hand in hand.

Internal audits – new elements in occupational health and safety
In 2006 internal audits of occupational health and safety will be extended to include additional elements as part of the project to prevent enzyme allergy. See the article Changes in behaviour benefit safety.

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