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 for the next five years:
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Average organic sales growth of more than 10% |
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EBIT margin of more than 24% |
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Return on invested capital of more than 22% |
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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: |
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The global economy stabilizes |
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The biofuel market in the U.S. moves toward E15 |
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Novozymes will sell enzymes to at least 15 biomass conversion plants by 2017, with a ramp-up in 2015-2016 |
| Sustainability targets: |
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Ensure 100% supplier adherence to our supplier program for commercial, quality and sustainability performance in 2015 |
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Enable a 75 million ton reduction in CO2 emissions in 2015 through the application of our products |
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Improve water efficiency by 40% in 2015 compared with 2005 |
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Improve energy efficiency by 50% in 2015 compared with 2005 |
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Improve CO2 efficiency by 50% in 2015 compared with 2005 |
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Increase energy supply from renewable and CO2-neutral sources to 50% of total energy supply in 2020 |
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Be recognized as a global leader within sustainability |
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Be a globally preferred employer, attracting global talent as a diverse and inclusive workplace |
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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