From trends to strategy
To ensure proactivity and agility in our response to an ever changing external environment we must ensure that sustainability trends are incorporated into our business approach. We therefore review our materiality and trendspotting processes annually with an aim to improvise our understanding and respond to the upcoming trends and sustainability issues.
Understanding the matrix
The illustration is a snapshot of the upper-right quadrant of Novozymes’ materiality matrix and depicts 15 issues that are most material (High Materiality) to Novozymes’ business. As a result of continuous review and improvements in the materiality assessment process, the 2016 materiality matrix includes new issues. It also includes changes like renaming of issues, bundling of two or more similar issues into one topic and removal of few others. The new issues included in “high materiality” in 2016 are Sales, Earnings, Compliance and Responsible Sourcing.