Long-term targets

As of January 21, 2013, Novozymes has updated both its long-term financial targets for the next five years and its sustainability targets.

Our long-term targets reflect Novozymes' integrated business approach. Besides our ambitions for sales growth and financial returns, the environmental and social areas of particular importance to our business are resource efficiency, environmental footprint, and sustainability leadership. The new long-term targets are contingent upon no major acquisitions being made.

Financial targets until 2017:

Average organic sales growth of more than 10%
EBIT margin of more than 24%
Return on invested capital of more than 22%

The average organic sales growth target is expected to be reached from 2015 and onward, following a ramp-up from current levels.

The targets are based on the assumption that:
The global economy stabilizes
The biofuel market in the U.S. moves toward E15

Novozymes will sell enzymes to at least 15 biomass conversion plants by 2017, with a ramp-up in 2015-2016 

Sustainability targets:
Ensure 100% supplier adherence to our supplier program for commercial, quality and sustainability performance in 2015
Enable a 75 million ton reduction in CO2 emissions in 2015 through the application of our products
Improve water efficiency by 40% in 2015 compared with 2005
Improve energy efficiency by 50% in 2015 compared with 2005
Improve CO2 efficiency by 50% in 2015 compared with 2005
Increase energy supply from renewable and CO2-neutral sources to 50% of total energy supply in 2020
Be recognized as a global leader within sustainability
Be a globally preferred employer, attracting global talent as a diverse and inclusive workplace

Champion the inclusion of biofuels as a high-impact opportunity area in the U.N.’s Sustainable Energy for All initiative in 2015

Read more about how Novozymes wants to change the world