The sustainable development goals may not be final yet, but one company is already building a new tool that will help guide management decisions to identify business opportunities that align with the new global development framework.
Novozymes, a global biotech company, set out a new corporate strategy at the start of the year, one which included sustainability targets of reaching 6 billion people with their technology by 2020, increasing partnerships, reducing carbon dioxide emissions, educating 1 million people and delivering transformative innovation.
That strategy led to the company deciding to design a new assessment and management tool to “understand and verify contributions to the SDG context and optimize and maximize contributions going forward,” said Claus Pedersen, Novozyme’s head of corporate sustainability.