Enzymes maker Novozymes stands among the world’s top companies in sustainability, according to the annual Dow Jones Sustainability Index.
The Danish company, which operates its North American headquarters in Franklinton, was ranked as the most sustainable company in the Biotechnology Industry category with a score of 86 out of 100. It’s the 12 time Novozymes has been recognized by the index for its sustainability efforts.
The Dow Jones Sustainability Index is a ranking system run by S&P Dow Jones and RobecoSAM Sustainability Investing. Results are based on a analysis of economic, environmental and social factors, among other criteria. The three largest companies joining this year’s index were Bank of America, UBS, and United Parcel Service. The three largest companies falling off this year’s index were Johnson & Johnson, HSBC Holdings and Vodafone Group.
Novozymes is the top enzymes manufacturer in the world and its enzymes are used in a range of applications including biofuels production, agricultural applications and industrial applications. The company incorporates sustainability into its business via its “Sustainability Board,” which is comprised of vice presidents from throughout the company. This board develops Novozymes’ sustainability strategy.
“It is important to Novozymes that our sustainability activities are clearly linked to our core business and that sustainability is used both to support our current business practices and to inspire development of new business opportunities,” Mads Bodenhoff, Novozymes’ vice president of corporate finance said in a statement.
