Seed World

Novozymes Releases New Corporate Strategy

For more information, listen to Peder Holk Nielsen discuss Novozymes' new corporate strategy.

For more information, listen to Peder Holk Nielsen discuss Novozymes’ new corporate strategy.

“Partnering for Impact” is the theme of a new corporate strategy released by Novozymes. The strategy is accompanied by a new set of long-term social, environmental and financial targets and a new purpose statement: “Together, we find biological answers for better lives in a growing world — Let’s rethink tomorrow.”
“Our new purpose encapsulates the very essence of Novozymes,” says Peder Holk Nielsen, Novozymes CEO. “It is our call to action and will guide us during the coming years. Our purpose stems naturally from our heritage, what we have accomplished up until today and the opportunities ahead. The very first word is ‘together’ because we cannot do this alone. Partnerships, alliances and networks of the willing are the way to make a difference in a world full of complex problems and large opportunities.”
According to the company, its new strategy targets four areas — rally for change, lead innovation, focus on opportunities and grow people. Holk Nielsen explains that with the special focus on being a “rally for change,” Novozymes will explore new kinds of partnerships and become a driving force in bringing together coalitions of the willing.
As part of its new strategy, Novozymes has set measurable goals and updated long-term financial targets. One such goal is to have Novozymes’ enzymatic solutions reach 6 billion people by 202, while simultaneously striving to educate 1 million people about the potential of biology.
Additionally, Novozymes looks to partner with key public and private organizations to catalyze five global partnerships for change. The company aims to deliver 10 transformative innovations that change the lives of many people and save 100 million tons of CO2 through the use of their products by 2020.