Novo Nordisk’s environmental profit and loss account

05-02-2014

The Novo Nordisk Environmental Profit and Loss Account (E P&L) is a response to PUMA’s call for contributions to the E P&L methodology and the expert review of PUMA’s E P&L.
The Novo Nordisk E P&L is reported in two parts; the main report, which focuses on the results and the application of these in a Novo Nordisk context, and the methodology report which focuses on the methodology applied for establishing the E P&L results.
The results of the main report reveal Novo Nordisk’s most material impacts on environment occur within the first and third tiers of the supply chain. If environmental costs relating to water consumption, greenhouse gas (GHG) emissions, and air pollution were to be internalised, Novo Nordisk would have to pay 29 million EUR in 2011 for operational activities (core activities) alone. Looking further down the value chain, the costs increase substantially. Environmental costs across tiers 1, 2 and 3 amount to 194 million EUR or 87% of the total cost.
In 2012, PUMA was the first global corporation to publish an E P&L. This study of Novo Nordisk both adopts the previous methodology applied by PUMA and builds upon the methodology where opportunities were identified.

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