Novo Nordisk’s environmental profit and loss account
Høst-Madsen N K, Damgaaard C K, Szeler A, McManamon D, Bullock S, Taylor J, Sireyjol A, Schmidt J H, (eds.) (2014)
Danish Environmental Protection Agency.
The results of the Novo Nordisk E P&L reveal that Novo Nordisk’s most material impacts on nature occur within the first and third tiers of the supply chain. If environmental costs relating to water consumption, greenhouse gas (GHG) emissions, and air pollution were to be internalised, Novo Nordisk would have to pay 29 million EUR in 2011 for operational activities (core activities) alone. Looking further down the value chain, the costs increase substantially. Environmental costs across tiers 1, 2 and 3 amount to 194 million EUR or 87% of the total cost. Impacts in tiers 1, 2, and 3 are generated by suppliers and their respective supply chains in different geographical regions throughout the world.