Novo Nordisk A/S
Novo Nordisk EU Taxonomy Data Preview
In 2024, Novo Nordisk was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Novo Nordisk has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Novo Nordisk are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected EU Taxonomy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Novo Nordisk's Revenues from Sustainable Activities
In 2024, Novo Nordisk reported EU Taxonomy-eligible revenues of DKK 290.40 billion, representing 100% of its total turnover. Of this amount, DKK 0 of Novo Nordisk's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Insights into Novo Nordisk's CAPEX from Sustainable Activities
In 2024, Novo Nordisk reported EU Taxonomy-eligible CAPEX of DKK 39.02 billion, representing 32% of its total CAPEX. Of this amount, DKK 3.49 billion of Novo Nordisk's CAPEX was classified as EU Taxonomy-aligned, indicating that 3% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
How much of Novo Nordisk's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Novo Nordisk reported that DKK 39.02 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 32% of the company's total CAPEX. Of this amount, DKK 3.49 billion (3% of total CAPEX) was classified as Taxonomy-aligned. This means that 29% of Novo Nordisk's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Novo Nordisk's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Novo Nordisk reported that DKK 3.49 billion of its CAPEX was aligned under the EU Taxonomy, representing 3% of its total capital investment.
This low alignment reflects that Novo Nordisk is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Novo Nordisk's Eligibility & Alignment Overview
Novo Nordisk's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Novo Nordisk's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Novo Nordisk reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 3%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Novo Nordisk is investing in climate-related solutions?
In 2024, Novo Nordisk allocated DKK 3.72 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 3% of the company's total capital expenditure, indicating that Novo Nordisk has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.
Insights into Novo Nordisk's OPEX from Sustainable Activities
In 2024, Novo Nordisk reported EU Taxonomy-eligible OPEX of DKK 1.92 billion, representing 5% of its total operating expenses (OPEX). Of this amount, DKK 0 of Novo Nordisk's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).