Novozymes’ remuneration policy supports our strategy, long-term goals, and sustainability commitments. Novozymes seeks to generate financial, environmental, and social value. This is the triple bottom line approach ingrained in our purpose, strategy, and long-term targets. The triple bottom line approach ensures that business decisions balance financial, environmental, and social considerations, always keeping in mind the best interests of all our stakeholders.
Remuneration for managers and other employees are linked to employees’ individual performance and to the level of achievement of Novozymes’ financial, social, and environmental targets.
Our Board of Directors issue annual long-term incentive-based program (LTIP) grants with overlapping three-year performance periods, for Executive Management. The latest LTIP 2022-2024 includes 20% weight on sustainability i.e., nonfinancial targets which are set on four parameters - climate, water, circular, workplace and diversity which will be unlocked if Novozymes, by the end of 2024, performs above the floor levels across these parameters. For further details on our remuneration policy, refer to Novozymes Remuneration Report.