Novo Nordisk Charter

Values

• Accountable
  Each of us shall be accountable - to the company, ourselves and society - for the quality of our efforts, for contributing to our goals and for developing our culture and shared values.
• Ambitious
  We shall set the highest standard in everything we do and reach challenging goals.
  
• Responsible
  We shall conduct our business in a socially and environmentally responsible way and contribute to the enrichment of the communities in which we operate.
• Engaged with stakeholders
  We shall seek an active dialogue with our stakeholders to help us develop and strengthen our businesses.
• Open and honest
  Our business practices shall be open and honest to protect the integrity of the Novo Group companies and of each employee.
• Ready for change
  We must foresee change and use it to our advantage. Innovation is key to our business and therefore we will encourage a learning culture for the continuous development and improved employability of our people

Commitments

• Financial responsibility
  We will work to continuously improve our financial performance by setting high objectives for growth and value creation and deliver competitive performance in these areas. We will maintain an open dialogue with our stakeholders and comply with international reporting standards.
• Environmental responsibility
  We will work to continuously improve our environmental performance by setting high objectives and integrating environmental and bioethical considerations into our daily business. We will maintain an open dialogue with our stakeholders and report annually on our environmental performance.  We subscribe to the International Chamber of Commerce's Business Charter for Sustainable Development and we support the United Nations Convention on Biological Diversity.

Social responsibility

We will work to continuously improve our social performance by setting high objectives and integrating social, human rights and health & safety considerations in to our daily business.
We will maintain an open dialogue with our stakeholders and report annually on our social performance.

• We support the United Nations Universal Declaration of Human Rights.

Fundamentals

1. Each unit must share and use better practices.
2. Each unit must have a clear definition of where accountabilities and decision powers reside.
3. Each unit must have an action plan to ensure improvement of its business performance and working climate.
4. Every team and employee must have updated business and competency targets and receive timely feedback on performance against these targets.
5. Each unit must have an action plan to ensure the development of teams and individuals based on business requirements and employee input.
6. Every manager must establish and maintain procedures in the unit for living up to relevant laws, regulations, and group commitments.
7. Each unit and every employee must know how they create value for their customers.
8. Every manager requiring reporting from others must explain the actual use of the reports and the added value.
9. Every manager must continuously make it easier for the employees to liberate energy for customer related issues.
10. Every manager and unit must actively support cross-unit projects and working relationships of relevance to the business.
11. Everyone must continously improve the quality of their work.