Responsible business practices
Harnessing the potential of markets and business by putting values into action is the basis of the United Nations Global Compact. Novo Nordisk has been a subscriber and an active supporter since 2001, and the Compact’s 10 principles for responsible business are incorporated into the company’s governance framework, the Novo Nordisk Way of Management.
Acting with integrity in the market place is paramount to earn trust and win stakeholders’ confidence. Novo Nordisk’s sustainability-driven approach aims to secure the company’s licence to operate and innovate. It also drives performance and sparks innovation across the value chain.
The UN Global Compact’s 10 principles on human rights, labour rights, environment and anticorruption are well aligned with the Novo Nordisk Way of Management. The annual communication on progress accounts for achievements and challenges in relation to the business and within our sphere of influence.
In 2008, Novo Nordisk continued to drive company-wide initiatives in respect of these principles across the value chain. Some of these are described in this section.