Human rights and Novozymes

In honor of the 60th anniversary of the UN’s Universal Declaration of Human Rights, Novozymes is focusing on human rights in this new Quarterly Report.

The UN’s General Assembly passed the Universal Declaration of Human Rights on December 10, 1948, and Novozymes has therefore made human rights the theme of its Quarterly Report for the first quarter of 2008. In a series of articles, we explain Novozymes’ approach to human rights and present specific examples of how we have attempted to tackle some of the challenges. We also feature interviews with some key people working with human rights.

Human rights are healthy for business

The UN’s Universal Declaration of Human Rights was compiled for governments, and although it doesn’t define specific responsibility for companies, corporate social responsibility (CSR) and involvement have increased worldwide over the past 10-15 years. According to Thomas Nagy, Executive Vice President for Stakeholder Relations at Novozymes, there are many good reasons for companies to work with human rights.

“We don’t work with human rights simply to look good. Human rights are central to how we as a company address global competition. As we create good conditions for our employees and involve ourselves in the local community, local partners and stakeholders are naturally more open to working with us. At the same time, it makes our work place more attractive, which makes it easier to attract and retain the skilled employees we need to achieve future goals,” he says.

Novozymes’ first Quarterly Report

This is the first time Novozymes is presenting a Quarterly Report in connection with its Quarterly Accounts. The initiative is part of Novozymes’ overall reporting and is an attempt to continuously publish information that is relevant to our reporting.

Read the complete Quarterly Report here: http://report2007.novozymes.com/Menu/Reporting+Updates