Novozymes A/S

Common Name
Novozymes
Country
Denmark
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
10,582
Ticker
NSIS B
Exchange
NASDAQ COPENHAGEN A/S
Description
Novozymes A/S produces and sells industrial enzymes, functional proteins, and microorganisms in Denmark, rest of Europe, North America, the Asia Pacific, the Middle East, Africa, Latin America, and in...

Novozymes's GHG Emissions Data Preview

In 2024, Novozymes completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Novozymes has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
b
0000000
Total Scope 2
Market-Based
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
b
0000000
Location-Based
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
b
0000000
Total Scope 3
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
b
0000000
Download Data

Verified Sources Behind Novozymes’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Novozymes’s data sources below and access millions more through our Disclosure Search.

a. Novozymes's Annual Report 2024
a. Novozymes's Annual Report 2024
b. Novozymes's Integrated Report 2023
b. Novozymes's Integrated Report 2023

Insights into Novozymes's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Novozymes amounted to 445,361 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Novozymes increased by 34.55%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Novozymes's Scope 1 Emissions Over Time

2018201920202021202220232024025 k50 k75 k100 ktCO2e-55%-7%+16%+7%-13%+134%
  • Total Scope 1
  • Year-over-Year Change

What are Novozymes's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Novozymes were 93,549 metric tons of CO₂ equivalent (tCO₂e). a

Has Novozymes reduced its Scope 1 emissions over time?

Since 2018, Novozymes's Scope 1 emissions have increased by 5.19%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Novozymes's Scope 1 emissions increased by 133.87%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Novozymes's Scope 2 emissions?

In 2024, Novozymes reported Scope 2 greenhouse gas (GHG) emissions of 88,605 tCO₂e using the market-based method and 351,812 tCO₂e using the location-based method. a

Has Novozymes reduced its Scope 2 emissions over time?

Since 2018, Novozymes's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 20.18%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Novozymes's Scope 2 emissions (Location-Based) rose by 20.9% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b

What methodology does Novozymes use for Scope 2 reporting?

In 2024, Novozymes reported its Scope 2 emissions using the market-based method and using the location-based method. a

Novozymes's Scope 2 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Novozymes's Value Chain Emissions

In 2024, Novozymes reported 1,405,943 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Novozymes includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Novozymes's Scope 3 Emissions Over Time

20182019202020212022202320240400 k800 k1.2 M1.6 MtCO2e-50%-4%+9%+7%-12%+118%
  • Total Scope 3
  • Year-over-Year Change

What are Novozymes's Scope 3 emissions?

In 2024, Novozymes reported total Scope 3 emissions of 1,405,943 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Novozymes reduced its Scope 3 emissions over time?

Since 2018, Novozymes's Scope 3 emissions have remained relatively stable, indicating that Novozymes 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2023), Novozymes's Scope 3 emissions increased by 118.31%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does Novozymes disclose?

In 2024, Novozymes reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Novozymes's Scope 3 emissions?

In 2024, the largest contributors to Novozymes's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 1,139,146 tCO₂e (81.02%)
  • Upstream Transportation and Distribution (Cat. 4): 143,299 tCO₂e (10.19%)
  • Fuel- and Energy-Related Services (Cat. 3): 92,135 tCO₂e (6.55%)

Novozymes's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(10.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(6.6%)Purchased Goods andServices (Cat. 1)(81.0%)

Insights into Novozymes’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Novozymes reported Scope 1 greenhouse gas (GHG) emissions of 93,549 tCO₂e and total revenues of USD 29,774 millions. This translates into an emissions intensity of 3.14 tCO₂e per millions USD. a

Novozymes's Scope 1 Emissions Intensity Compared to Peers

2005,000100,0002,000,00050,000,000Scope 1 Emissions (tCO2e)1005002,00020,000100,000Revenues (Millions of USD)UDKansai PaintYear: 2023Scope 1: 75,009 tCO2eRevenue: $M 3,822Scope 1 Intensity: 19.63 tCO2e/$MTinci MaterialsYear: 2022Scope 1: 69,362 tCO2eRevenue: $M 3,205Scope 1 Intensity: 21.64 tCO2e/$MVerbioYear: 2024Scope 1: 294,723 tCO2eRevenue: $M 1,776Scope 1 Intensity: 165.99 tCO2e/$MLintecYear: 2023Scope 1: 91,490 tCO2eRevenue: $M 2,137Scope 1 Intensity: 42.82 tCO2e/$MSP GroupYear: 2023Scope 1: 4,664 tCO2eRevenue: $M 385Scope 1 Intensity: 12.12 tCO2e/$MMeiHua Holdings GroupYear: 2023Scope 1: 9,383,709 tCO2eRevenue: $M 3,906Scope 1 Intensity: 2,402.33 tCO2e/$MBASF IndiaYear: 2024Scope 1: 17,270 tCO2eRevenue: $M 1,649Scope 1 Intensity: 10.47 tCO2e/$MSanyou ChemicalYear: 2023Scope 1: 4,041,748 tCO2eRevenue: $M 3,084Scope 1 Intensity: 1,310.43 tCO2e/$MLuxi Chemical GroupYear: 2023Scope 1: 9,793,400 tCO2eRevenue: $M 3,568Scope 1 Intensity: 2,744.79 tCO2e/$MSkshu PaintYear: 2023Scope 1: 18,394 tCO2eRevenue: $M 1,755Scope 1 Intensity: 10.48 tCO2e/$MUUUSIYear: 2023Scope 1: 21,070 tCO2eRevenue: $M 1,704Scope 1 Intensity: 12.37 tCO2e/$MDDDL HoldingsYear: 2023Scope 1: 1,848,712 tCO2eRevenue: $M 3,927Scope 1 Intensity: 470.79 tCO2e/$MEms Chemie HoldingYear: 2024Scope 1: 22,000 tCO2eRevenue: $M 2,287Scope 1 Intensity: 9.62 tCO2e/$MTransfar ZhilianYear: 2023Scope 1: 9,171 tCO2eRevenue: $M 4,733Scope 1 Intensity: 1.94 tCO2e/$MOrion SAYear: 2023Scope 1: 2,200,000 tCO2eRevenue: $M 1,894Scope 1 Intensity: 1,161.62 tCO2e/$MAsian PaintsYear: 2024Scope 1: 72,794 tCO2eRevenue: $M 4,244Scope 1 Intensity: 17.15 tCO2e/$MCabotYear: 2023Scope 1: 3,700,000 tCO2eRevenue: $M 3,931Scope 1 Intensity: 941.24 tCO2e/$MTianqi LithiumYear: 2023Scope 1: 125,198 tCO2eRevenue: $M 5,699Scope 1 Intensity: 21.97 tCO2e/$MSymriseYear: 2024Scope 1: 298,224 tCO2eRevenue: $M 5,202Scope 1 Intensity: 57.33 tCO2e/$MFlugger groupYear: 2023Scope 1: 551 tCO2eRevenue: $M 315Scope 1 Intensity: 1.75 tCO2e/$MGivaudanYear: 2024Scope 1: 132,065 tCO2eRevenue: $M 8,185Scope 1 Intensity: 16.13 tCO2e/$MChemoursYear: 2023Scope 1: 3,572,000 tCO2eRevenue: $M 6,027Scope 1 Intensity: 592.67 tCO2e/$MIFFYear: 2023Scope 1: 694,072 tCO2eRevenue: $M 11,479Scope 1 Intensity: 60.46 tCO2e/$MKumho Petro ChemicalYear: 2023Scope 1: 3,009,402 tCO2eRevenue: $M 4,948Scope 1 Intensity: 608.23 tCO2e/$MNovozymesYear: 2024Scope 1: 93,549 tCO2eRevenue: $M 29,774Scope 1 Intensity: 3.14 tCO2e/$M

How does Novozymes's GHG emissions intensity compare to its peers?

In 2024, Novozymes reported a Scope 1 emissions intensity of 3.14 tCO₂e per millions USD. Compared to the peer group median of 32.39 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Novozymes rank on GHG emissions intensity within its industry?

In 2024, Novozymes ranked 3 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Novozymes among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Novozymes's Total Carbon Footprint

In 2024, Novozymes reported a total carbon footprint of 1,851,304 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 89.88% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Novozymes's total carbon footprint was Scope 3 emissions, accounting for 75.94% of the company's total carbon footprint, followed by Scope 2 emissions at 19%. a

Want Full Access to Novozymes's GHG Emissions Dataset?
Sign Up