Sustainability is anchored at all levels of decision-making in our organization and fully integrated into the responsibilities of the senior leadership team.
Our approach to governance
We believe a proactive and transparent governance structure promotes responsible business conduct and long-term value creation.
Dive into our corporate governance
Articles of Association and statutory reports
Read more about the purpose of Novonesis, and find links to our reports on corporate governance, diversity, data ethics and CSR.
Leadership governance
Read more about the requirements and composition of our Board of Directors, as well as the rules of procedure for our Executive Leadership Team.
Annual General Meetings
The Annual General Meeting ensures the basic right of shareholders to receive information and participate in key decisions regarding Novonesis.
Ethics and Business Conduct
We're committed to fostering a healthy business. We operate with honesty and fairness and adhere to ethical standards. Our business integrity is rooted in our core values of responsibility, accountability, and transparency.
One of the ways we reinforce our commitment to business integrity is by having our employees complete business integrity training every year.
Sustainability governance
Sustainability governance
Double materiality assessment
The best way to learn is to listen
Our goal is to better our world with biology and create value for our stakeholders. To do this, we regularly engage with our stakeholders.
Through ongoing internal and external dialogue, we aim to understand their perspectives and needs. This helps shape our strategic activities and sustainability efforts.
Our double materiality assessment reflects insights from interviews with 30 internal and external stakeholders. It ensures a holistic understanding of our business and value chain. This collaborative process enabled us to identify nine key topics that are most material to Novonesis, as highlighted below.
Double materiality overview
Board of Directors and Executive Leadership Team
Our Board of Directors provides input to our Executive Leadership Team (ExLT) on our overall approach to sustainability. The Board also signs off on sustainability relevant targets and remuneration policies. Our ExLT integrates sustainability into our business strategies, innovation pipeline and external positioning. As part of the Team’s day-to-day running of the company it also oversees financial, environmental and social governance (ESG).
Our Corporate Sustainability Committee
Our Corporate Sustainability Committee reports directly to the Executive Leadership Team (ExLT). This committee also integrates sustainability into Novonesis’ business strategies and innovation pipeline. That helps us deliver solutions that meet the needs of society and drive sales growth. The committee members represent various functions from senior leadership. It's chaired by the Executive Vice President of Strategy & Integration.
Together, the ExLT and Corporate Sustainability Committee set non-financial targets and conduct quarterly performance reviews.
Our global sustainability team
This team collaborates across all functions to ensure we understand, influence, and leverage the global sustainability agenda to support our strategic objectives. The team secures a strong foundation of responsible business practices, integrates sustainability into key processes, engages stakeholders such as investors, customers, and non-commercial partners to shape markets and drive growth, and supports annual reporting and communications.
Performance & remuneration
Novonesis’ remuneration policy supports our strategy, long-term goals, and sustainability commitments, emphasizing the triple bottom line (TBL) approach. This approach, ingrained in our purpose, strategy, and long-term targets, ensures business decisions balance financial, environmental, and social considerations for the benefit of all stakeholders.
Our Board of Directors has issued annual long-term incentive-based program (LTI) grants with overlapping three-year performance periods, for Executive Management. The latest LTI for 2024–2026 includes 20% weight on sustainability targets.
Position and policies
We take a clear stance on the issues that matter to you and society at large.