The Novozymes Report 2016 is available in a full online version at report2016.novozymes.com. The online report features interactive graphics and videos for a full multimedia experience and more insight.
Editorial team
Editor
Anja Berg Winther, Global Communications
abw@novozymes.com | tel. +45 3077 0421
Finance
Jens Breitenstein, Finance
jlb@novozymes.com | tel. +45 4446 1087
Jan Paulsen, Finance
jpau@novozymes.com | tel. +45 4446 3208
Investor
Klaus Sindahl, Investor Relations
ksdh@novozymes.com | tel. +45 5363 0134
Sustainability
Sarah Hempel, Corporate Sustainability
shh@novozymes.com | tel. +45 3077 1310
Assistance
Emilie Pai, Corporate Communications
erc@novozymes.com | tel. +45 3077 1278
Text
The editorial team from Novozymes, headed by Global Communications
Photography
Lasse Bech Martinussen, Lars Just and Thorbjørn Hansen
Design & web
BystedFFW
Editing & proofreading
Borella projects
Reporting and audits
The website contains The Novozymes Report 2016 – which, pursuant to section 149 of the Danish Financial Statements Act, is an extract of the company's annual report – and the financial statements of the parent company Novozymes A/S. Together these form the company’s annual report that is filed with the Danish Business Authority.
PwC has audited the consolidated financial statements, the parent company financial statements, and the environmental and social data. PwC has also been the sustainability assurance provider, basing its assurance on the AA1000 Assurance Standard (2008).
The audit covers financial, environmental and social data. These are marked “Audited by PwC.” See also the statements in the report.
PwC has not audited the sections of the report found under the headings The big picture, Our business, Governance and Sustainability indices & data. The Sustainability indices & data section includes our Communication on Progress with respect to the UN Global Compact principles, our report index based on the Global Reporting Initiative (GRI)An international, multistakeholder body working on a standardized framework for reporting environmental, social and economic information. See www.globalreporting.org., as well as detailed sustainability data from our main activities in Argentina, Brazil, Canada, China, Denmark, India, the UK and the US.
The report has been produced in accordance with International Financial Reporting Standards (IFRS), the Danish Financial Statements Act and the additional requirements of Nasdaq Copenhagen A/S for the presentation of financial statements by listed companies. It has also been inspired by the GRI's G4 Sustainability Reporting Guidelines.
Forward-looking statements
This annual report contains forward-looking statements, including statements about future events, future financial performance, plans, strategies and expectations. Forward-looking statements are associated with words such as, but not limited to, "believe," "anticipate," "expect," "estimate," "intend," "plan," "project," "could," "may," "might" and other words of similar meaning.
Forward-looking statements are by their very nature associated with risks and uncertainties that may cause actual results to differ materially from expectations, both positively and negatively. The risks and uncertainties may, among other things, include unexpected developments in i) the ability to develop and market new products; ii) the demand for Novozymes’ products, market-driven price decreases, industry consolidation, and launches of competing products or disruptive technologies in Novozymes’ core areas; iii) the ability to protect and enforce the company’s intellectual property rights; iv) significant litigation or breaches of contract; v) the materialization of the company’s growth platforms, notably the opportunity for marketing biomass conversionA biological method for turning agricultural residues and waste into high-quality fuels, electricity or renewable chemicals. technologies or the development of microbial solutions for broad-acre crops; vi) political conditions, such as acceptance of enzymesImprovement in water and energy efficiency (and reduction of CO2 intensity) is measured by the reduction in an index that comprises resource use divided by gross profit, compared with the same index for 2014 efficiency levels. Consequently, these indexes measure Novozymes’ ability to create value while reducing its environmental footprint. produced by genetically modified organisms; vii) global economic and capital market conditions, including, but not limited to, currency exchange rates (USD/DKK and EUR/DKK in particular, but not exclusively), interest rates and inflation; viii) significant price decreases for inputs and materials that compete with Novozymes’ biological solutions. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.