Novo Nordisk wins award for best Sustainability report
- October 2003
Novo Nordisk has won the award ‘Best Sustainability Report 2003’ - given by FSR (The Danish Association of Chartered Accountants) and the Danish financial newspaper Børsen. As a national winner, Novo Nordisk is now also an entrant for the European Sustainability Award, which will take place in the spring of 2004.
Rikke Hvilshøj, chair of the Danish Parliament’s Trade and Industry Committee, congratulates Susanne Stormer, Stakeholder Relations, who as Editor of the Novo Nordisk Sustainability Report accepted the award on behalf of Novo Nordisk.
“Novo Nordisk was singled out as the winner last year for its open reporting style and the seven strategic dilemmas, identified as material by the company’s key stakeholders. The same can be said about this year’s report,” said the judging committee in its motivation.
The committee further emphasised the third bottom line – economic sustainability – which analyses the company’s impact on the creation of economic wealth and on the stakeholders that benefit from its activities. “Novo Nordisk presents indicators for economic sustainability at a level which makes the company a global trendsetter in this area,” said Carsten Høj Hansen on behalf of the committee upon presenting the award.
In her acceptance speech, Susanne Stormer, Manager, Stakeholder Relations at Novo Nordisk, said, “Having been among the very first reporters offers us a valuable advantage. We now have the experience, and also a particular obligation to be an inspiration for others, who, like us, see it as a necessity 1) to address the multitude of demands, which are often times not reconcilable, made by actors in society, 2) to demonstrate that there is a business case, 3) to show that it pays to listen and learn, and 4) to demonstrate that an understanding of the Triple Bottom Line can lead the way to new business models and new business opportunities, helping to create an innovative environment that can drive sustainable business development.”
This year, the award ceremony took place at the Danish Design Center in central Copenhagen. The judging committee represents business, NGOs, and institutes of higher education.
It is the 9th year of celebrating non-financial reports. The award for best environmental report was given to Aalborg Portland, who will join Novo Nordisk in the next round in the European Award Scheme.
To read or order the report, click here
