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Novozymes announces new purpose statement, strategy and long-term targets

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It reinforces its commitment to help solve some of the pressing global challenges facing a growing world

Novozymes announced its new corporate strategy, ‘Partnering for impact’. The strategy is accompanied by a new set of long-term social, environmental and financial targets and a new purpose statement which reads, ‘Together, we find biological answers for better lives in a growing world – Let’s rethink tomorrow.’

“I believe our new purpose encapsulates the very essence of Novozymes. It is our call to action and will guide us during the coming years,” says Peder Holk Nielsen, Chief Executive Officer, Novozymes.

With this strategy, Novozymes reinforces its commitment to help solve some of the pressing global challenges facing a growing world. The new strategy sets out four focus areas for Novozymes, namely; 1) Rally for change, 2) Lead innovation, 3) Focus on opportunities and 4) Grow people. These focus areas will not only be addressed at a corporate level but also be reflected in the separate strategies for each industry area. With the special focus being on Rally for change, Novozymes will explore new kinds of partnerships, and become a driving force in bringing together coalitions of the willing, for example, working with governments and international organisations to create sustainable energy from waste or partnering with countries to solve challenges about access to nutritious food and clean water.

Novozymes’ enzymatic solutions plans to reach 6 billion people by 2020, while simultaneously striving to educate 1 million people about the potential of biology. The company aims to partner with key public and private organisations – to catalyse five global partnerships for change. Novozymes wants to deliver 10 transformative innovations that change the lives of many people, and save 100 million tons CO2 through the use of their products by 2020. Through investing more in their employees and leadership development, Novozymes want to enable their people develop.

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