Publication / 10 Feb 2014

Novo Nordisk’s Environmental Profit and Loss Account

Novo Nordisk commissioned Trucost to calculate their Environmental Profit and Loss Account (EP&L).

This report is the outcome of a project that took a deep dive into Novo Nordisk’s value chain. This first Novo Nordisk Environmental Profit and Loss Account (EP&L) has helped explore the opportunities to reduce the company´s environmental impact in the upstream part of its value chain.

The EP&L calculates Novo Nordisk’s total environmental impact to be 223 million Euro, including both operations and indirect impacts throughout the supply chain. The main environmental impacts occur in tier 1 and tier 3 of the supply chain. Novo Nordisk’s own operations constitute only 13% of the total environmental impact.

Tier 1 and 3 are the largest contributors to the environmental costs relating to water consumption, likely driven by raw materials extraction, farming, machinery and equipment, buildings, as well as greenhouse gas emissions. Tier 1 impacts are driven by product distribution, tier 2 from processing of raw materials and tier 3 includes raw material impacts, primarily from corn production for glucose and oil extraction for plastic materials.

3 February, 2020
Events Green Finance Summit – Phoenix – 3 – 4, 2020

The GreenFin Summit follows a successful launch event in 2019. That invitation-only event brought together 100 corporate sustainability leaders, major public-sector pension fund executives and leading financial institutions, with over a trillion dollars of combined assets under management. The discussion broached vital topics in ESG that will be expanded upon at the 2020 Summit. Richard Mattison...

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Publication / 25 Nov 2019 Understanding Climate Risk at the Asset Level: The Interplay of Transition and Physical Risks

How could the interplay between regulatory transitional risks and physical risks impact the performance of companies across sectors and geographies?

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1 October, 2019
Events Webinar: Incorporating Physical Risk in TCFD Portfolio Climate Reporting

Join Trucost's complimentary webinar to hear expert opinion on how physical risk factors can impact TCFD reporting.

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