Novo Nordisk reports solid financial, social and environmental performance in 2011
BAGSVÆRD, Denmark, 7 February 2012 – Novo Nordisk’s eighth annual integrated report, now online, reports on the company’s very positive financial, social and environmental performance for 2011. Download the Annual Report 2011.
- Sales increased by 11% (in local currencies) and by 9% in Danish kroner compared to 2010
- Operating profit increased by 22% (in local currencies) and 18% in Danish kroner compared to 2010
- Significant clinical development progress was made during the year, including regulatory filing for two ultra-long-acting insulins, Degludec and DegludecPlus
- More than 835,000 healthcare providers were trained by Novo Nordisk or Novo Nordisk sponsored programmes, an increase of 123% compared to 2010
- Diversity in senior management teams increased to 62% at the end of 2011, compared to 54% at the end of 2010
- CO2 emissions from production fell by 2% compared to 2010, for an absolute reduction of 56% compared to 2004 levels
Novo Nordisk’s 2011 Annual Report includes a detailed account of 2011 Accomplishments, an outlook for 2012, and an overview of the company’s management approach, corporate strategy and business segments. It features consolidated financial, social and environmental statements.
Performance against long-term financial, social and environmental targets
Realised performance for three of the company’s four long-term financial targets, growth in operating profits, operating profit after tax to net operating assets and cash conversion, exceeded target levels while operating margin performance progressed toward the target. Employee engagement scores exceeded target levels. In addition to progress toward the company’s diversity target, acceptance of the company’s long-established differential pricing policy for insulin sales to least developed countries also increased. Novo Nordisk also exceeded long-term targets set for energy and water consumption and CO2 emissions.
The Annual Report 2011 includes updated information for financial and environmental targets.
Novo Nordisk’s integrated reporting
Novo Nordisk manages its business using the Triple Bottom Line principle to ensure that decision-making balances profitability with longer-term societal interests. Material and business-critical information is reported in the Annual Report. The company reports additional information for specific stakeholder groups at annualreport2011.novonordisk.com website. Novo Nordisk values feedback and welcomes questions or comments about its reporting and performance at firstname.lastname@example.org.
About Novo Nordisk
Novo Nordisk is a global healthcare company with nearly 90 years of innovation and leadership in diabetes care. The company also has leading positions within haemophilia care, growth hormone therapy and hormone replacement therapy. Headquartered in Denmark, Novo Nordisk employs more than 32,000 employees in 75 countries, and markets its products in more than 190 countries. Novo Nordisk's B shares are listed on the NASDAQ OMX Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO).
Novo Nordisk strives to conduct its activities in a financially, environmentally and socially responsible way. The strategic commitment to corporate sustainability has brought the company onto centre stage as a leading player in today's business environment, recognised for its integrated reporting, stakeholder engagement and consistently high sustainability performance. In 2012, Novo Nordisk receive top ranking on Corporate Knight’s list of Global 100 Most Sustainable Corporations. Novo Nordisk is listed in the 2010/2011 Dow Jones Sustainability Indices with a gold class rating. For more information, visit novonordisk.com/sustainability.