Our stakeholders range from traditional stakeholders such as employees, customers, investors, suppliers, and authorities, to the more dynamic and growing set of stakeholders including neighbors, consumer organizations, educational institutions, and environmental organizations. Novozymes therefore does not pretend to have a one-size-fits-all solution that can capture the needs of all our stakeholders in a singular approach.

Stakeholder Relations – Seeing the world through our stakeholders’ eyes
Even though stakeholder relations often evolve on a case-by-case basis and vary significantly in nature, Novozymes makes a dedicated effort to formalize our approach to building strong relationships with our stakeholders. As our organization is becoming increasingly more global and complex, we recognize that a systematic approach to identifying and responding to our stakeholders’ concerns is important to our future success.

To ensure that our stakeholders are placed at the heart of our business and our strategy development processes, Novozymes created a separate business unit in 2007 called Stakeholder Relations headed by an executive vice president. One of the business unit’s responsibilities is to connect and to see the world through the eyes of Novozymes’ many stakeholders in order to identify the best ways to go forward.

Connecting sustainability and stakeholders in strategy development
Our Sustainability Development department is part of the Stakeholder Relations business unit and is responsible for developing a consolidated stakeholder analysis and trend spotting on key sustainability development issues within Novozymes’ business and geographical areas.

The Sustainability Development department then feeds this information into our corporate stakeholder relations strategy, thereby ensuring that our future activities are conducted in a responsible manner and that key stakeholder issues in relation to sustainability development are addressed. This, in turn, helps set the direction in our business units and in our four regions, and can drive formalized partnerships with customers, suppliers, technology partners, and NGOs.

Learn more abouthow we engage in partnerships and dialog with our stakeholders.