Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2020-12-31 | 144922000000 | dkk |
| ifrs-full:Assets | 2019-12-31 | 125612000000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2020-01-01 | 2020-12-31 | 126946000000 | dkk |
| ifrs-full:Revenue | 2019-01-01 | 2019-12-31 | 122021000000 | dkk |
| ifrs-full:Revenue | 2018-01-01 | 2018-12-31 | 111831000000 | dkk |
XML
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îîîîîîîîîîîîîîîîchronic diseasesManufacturing biologics îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>îîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîDelivering high-volume products such as insulin and GLP-1, via an îî¢îîîîîîîîîîîîîîîîîîResourcesResources going into our î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>î
îîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>Insights from healthcar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e experts, patients and partnersâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>Expertise from public and private institutionsâ Diverse talentîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>îµîîîîîîîîîîîîâ Financial resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>cesValueValue cr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eated from our î
îîîîîîîîâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/><span xmlns="http://www.w3.org/1999/xhtml" class="ff1">32.8 million people<span class="ff4"> using </span></span>our Diabetes care pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oductsâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/><span xmlns="http://www.w3.org/1999/xhtml" class="ff1">43,500 patients<span class="ff4"> participating </span></span>in our clinical trialsâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/><span xmlns="http://www.w3.org/1999/xhtml" class="ff1">45,323 employees, <span class="ff6">îîîîîîîî</span></span>îîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîâ <span xmlns="http://www.w3.org/1999/xhtml" class="ff1">60,000 </span>direct suppliersâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/><span xmlns="http://www.w3.org/1999/xhtml" class="ff1">26,376 DKK million<span class="ff4"> total tax </span></span>contributionâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/><span xmlns="http://www.w3.org/1999/xhtml" class="ff1">36,976 DKK million<span class="ff4"> to </span></span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>shareholders as dividends and share r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>epurchases2025 Strategic Aspir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ationsâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>Being respected for adding value to societyîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>î³îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîenvironmental impactâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>Ensure distinct core capabilities and evolve culture2020 highlightsAdding value to society:îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>î¯îîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîDefeat Diabetesîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>î¨îîîîîîîîîîîîî¸î¶îîî¢îîîîî
îîîîîîîî¢îîîîîîâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>Societal contributions during COVID-19îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>î¯îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4"> </span>76 countriesEnvironment:îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>îîîîîîîîîîîî
îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîsitesâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>Launch of supplier target aiming at 100% îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîîîî
îîîîîîEnsure distinct capabilities and e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>volve cultureâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/>Progress on diversity and inclusion agenda as îîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîPurpose and sustainabilityAdding value to society and to our futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e businessDemands on companies are changing fast as the world is faced with extr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>aordinary challenges. Thr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eats like the COVID-19 pandemic and climate change mean that 'business as usual' is no longer an option. The stakes are high and we ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e determined to be a sustainable business by adding value to society and to our futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e business.The rapid outbr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eak of COVID-19 during 2020 put îîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîî
îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî¢îîîîîîîîthe spotlight. At the same time, climate change remains an ur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>gent challenge. These challenges call for corporations to step up and take a leading r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ole in delivering and adopting solutions.î¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîincreasing access to our medicines acr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oss the îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîResponding to CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19During 2020, CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19 led to a cascade of critical îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>tise, resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ces and global reach to contribute to îîîîîîîîîîîîîîî²îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîthe safety of our employees and the uninterrupted supply of life-saving medicines for our patients. In îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî
îîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>search and de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>velopment organisation to perform î¦î²<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î¹î¬î§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîfrom the Danish go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vernment.Leading a sustainable businessOur purpose is to drive change to defeat diabetes and other serious chronic diseases. î·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîsolutions beyond pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oviding medicines to help îîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîin non-communicable diseases, lack of access to îî¢îîîîî
îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîWe ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e committed to being a sustainable business. î·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîto our future business. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>o achieve this ambition, îîîîîîî
îîîîîîîîîîîîîî¢îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîî¢îîîîîîîîîîîîîArticles of Association and the Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk Way<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. This approach is integr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ated into every aspect of our decision-making, in strategies and actions, îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/><span xmlns="http://www.w3.org/1999/xhtml" class="ff4"> </span>îºîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîî¶îîîîîîîîîî¤îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî·îîîîîîîîîîîîî¨î¶îªîîîî¨îîîîîîîîîîîîîîî¶îîîîîîîîîîGovernance â means to us.îµîîîîîîîîîîî
îîîîî¨î¶îªîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîand in the consolidated ESG statement.Purpose and sustainability Our<span xmlns="http://www.w3.org/1999/xhtml" class="ff2"> </span>envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>onmental r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsibilityî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîdesigning products that can be r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e-used or recycled, r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eshaping our business practice to îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîWe call our envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>onmental strategy Circular for î½îîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîî·îîîî¦îîîîîîîîfor Zero str<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ategy incorporates our entire value îîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîcircular company and cir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>cular products.Circular supplyî¤îîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîEach year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, billions of No<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vo Nordisk tablets, vials and injection pens are distributed to patients and demand for them is gro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>wing. This puts us in the front line of some of the most challenging environmental issues including climate change, water and resour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ce scarcity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, pollution and plastic waste. Our ambition is bold and simple: to have zero envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>onmental impact.suppliers to encourage them to shift to sustainably sourced materials, thus r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>educing our environmen-îîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>îî
îîîîîîîîîî
<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîî
îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>îîî¶îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîresult in ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ound 300,000 tonnes of CO2 being elim-inated from our dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ect suppliers each year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.Circular companyîºîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîimpact across all ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eas of our operations and transportation. In 2020, total C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>O2 emissions across îîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîtonnes of CO2, repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esenting a 44% decrease from 2019, due primarily to the implementation of îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîfrom C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>OVID-19.CO2 emissions from oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ations includes all îîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîî¢îîîî
îîîîîîîîîand laboratories. In 2020, C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>O2 emissions from îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîî¦î²2, a reduction of 57% versus 2019, primarily due to the îîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîîîîinitiatives. These projects include implementation îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîîîîîîîîîîîîîîîî®îîîîîî
îîîîîîîîîîîîîîîîîîîî©î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî¤îîîîîîîîîîîîµîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¸î¶îîî¦<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î²2îîîîîîîîîîîîîîîîîî¢îîîî
îîîîîîîîîîîîîîîî
îîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîî¦î²2, a decrease of 38% versus 2019, due primarily to îîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîî¦î²î¹î¬î§îîîîîîîîîîîîîîîOur environmental str<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ategy, Circular for Zer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>o and 2030 ambitionsCircular supply:î³îîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîto embed circular thinking for reduced environmental impact across the value îîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîsourcing and procur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ementCircular company:Eliminate environmental footprint from operations and drive a circular tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ansition across the company aiming for zero environmental impactCircular products: î¸îîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîbased on circular principles and solve the îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4"> </span>close the resource loopDue to CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19, CO2 emissions from business î¢îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîî¦î²2, a îîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîî§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîfrom business tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>avel are minimised through îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîî
îîîîcolleagues and stakeholders. CO2 emissions from îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîCO2îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîresult of C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>OVID-19. Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk is a member of EV100 and has committed to transitioning to 100% electric company cars by 2030. In 2020, CO2îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîî
îîîîîîîîîîî61,000 tonnes CO2, a decrease of 24% compar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîproducts shipped fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om air to sea freight. î¤îîîîîîî
îîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîî
î<span xmlns="http://www.w3.org/1999/xhtml" class="ff4 ls3 ws3">-</span>îîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîî
îîîîîîîîîîîîîîîîîîîî
<span xmlns="http://www.w3.org/1999/xhtml" class="ff4 ls3 ws3">-</span>îîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî¸î¶îîîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîî
îîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîîîîîîîîîîîîîîîîµî¨îîîîîîîîîîîîîîîîIn 2020, the energy consumption for our oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>a-îîîîîîîîîîîîîîîîîîîîîªîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>tion site in North Carolina. Ener<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>gy-saving projects îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîexpected to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esult in annual savings of 94,000 GJ.îºîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîî3,368,000 cubic meters, an increase of 7% compar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed îîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîî±îîîîîCarolina. Four pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oduction sites including China and î¥îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîseasonal variations. These sites accounted for 11% îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîconsumption at these sites decreased b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y 15% in îîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîºîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîacross these sites.îºîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîby 2030. In 2020, pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oduction sites had a total îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî·îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîincreased pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oduction in Kalundborg.îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîrecycled, converted to biogas or inciner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ated in îîîîîîîîîîîîîîîîîîîîîîîîî§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîCircular pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oductsîºîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîµîî§îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîthe environmental footprint of our de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vices.î¤îîîîîîîîîîî¦îîîîîîîîîîîîî½îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîaddress the end-of-life challenges associated îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîin the future. Thr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ough recycling our production îîîîîîîîîîîîîîîî
îîîîîî
îîîîîîîîîîîîîîîîîîîrecycle insulin pens, pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oviding materials for the îîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîºîîare pursuing gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eater re-use and recycling of our devices and aspir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e to achieve this in coming years.âThe Danish Association of Pharmacies is very excited to be part of this important take-back pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oject aiming to reduce the environmental impact fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om used insulin pens, which consist of valuable materials suitable for recycling. By r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecycling we avoid the negative climate impact from burning the material as normal waste.â â Birthe Søndergaard, <span xmlns="http://www.w3.org/1999/xhtml" class="ff4">Danish Association of Pharmacies</span>Environmental performance 17<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>01,000 tonnes CO2 emissions from operations and tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ansport -44% from 201910<span xmlns="http://www.w3.org/1999/xhtml" class="_ _38"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _39"/>%îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîî
îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4"> </span>for production sites+24 percentage points fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om 2019&lt;1%îîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4"> </span>îîîîîîîîîîîîîîîîîîî¢îîî0% change from 2019It is our ambition to have zeroenvironmental impact. In or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>der to îîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî60,000îîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîby2030300,000tonnes of CO2îîîîîîîî
îîîîîîîîîîîîfrom our dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ect suppliers each year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.Purpose and sustainabilityOur social r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsibilityAt Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk, it is our ambition to be respected for adding value to society<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e aim to achieve this b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y adding value to the communities we are part of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, delivering innovative solutions to patients, and b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y oî¢ering an inclusive, diverse, safe and ethical workplace.î·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîî¢îîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîone in nine by 2045 if action is not taken1. Diabetes îîîîîîîîîîîîîîîî
îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîand other partners to pre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vent and treat the îîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîresponsibility str<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ategy, Defeat Diabetes, to help society rise to one of its biggest challenges. We îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîInnovationOur key contribution is to disco<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ver and develop innovative biological medicines and make them îîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî§îîî
îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîup 9% from 2019.Access and aî¢ordabilityîºîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîî¢îîîîî
îîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¸î¶îîîîîîîîîîîîîîîîî
îîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîour diabetes medicines. Ensuring access and îî¢îîîîî
îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¸î¶îîîîîîîîîîîîîîîîî¢îîîîîîîîîîî±î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîî±îîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî©îîîîîîîîîî
î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî¸îî
îîîîîîîî
îîîîîîîîîîîîîîîîîof fast-acting (Novolog®) and premix insulin (Novolog® Mix) at a 50% list price discount versus branded versionsîîîî°îîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîNovo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk insulin products (up to three vials îîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¸î¶î§îîîîîîîîîîî
îîîpatientsîîîî³îîîîîîîî¤îîîîîîîîîîî³îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîî©îîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîeligibility criteria, including annual household îîîîîîîîîîîîîî
îîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîî¢îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîî³îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîduring CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19îîîî«îîîîîîîîîîîîîîî©îîîîî
îîîîîîîî¸î¶î§îîîîîîîîîîîîînational pharmacies, including Walmart and CVSîîîî¬îîîîîîîîîî¶îîîîîîî³îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîî¤îîîîîîîîîîîîîîîîîimmediate supply of Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk insulin (up to 3 vials or 2 packs of pens) to eligible patients at risk of rationingîîîî¦îîîîîîî¶îîîîîîîî¦îîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>îîîîîîîîîîîîîîîîîîîout-of-pocket costs for commercially insur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed patients.î§îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîî¢îîîîîîîîîîîîîîî¸î¶îWe also r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecognise that there are vulner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>able patients in every country and to identify these îîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîî¸î¶îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîî¢îîîîî
îîîîîîîî¢îîîîîîîîîºîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîî
îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîî
îîîîîîîîîî¥îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîVulner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>able patient groups include people impact-ed by humanitarian crises, people living in r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>emote îîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>cient healthcare systems and vulner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>able popula-tion groups, such as childr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>en and the elderly.î¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîî¤îîîîîîîîîî¬îîîîîîîî¦îîîîîîîîîîî
îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¸î¶î§î4 to USD 3 per human insulin vial in 76 countries. î·îîîîîîîîîîîî¯îîîîîî§î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîî¦îîîîîîîîîîîîîîî¢îîîîî
îîîîîîî¸î±îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîby the W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>orld Bank, and middle-income countries in îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîorganisations.î¤îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îî2020, the average price of insulin sold under this îîîîîîîîîîîîîîîîîîîî¸î¶î§îîîîîîîîîîîîîîîîîîîîîîîîîto 11.6 cents per patient per day<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. Beyond this îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîthe ceiling price in other countries, reaching an estimated another 3.1 million people during 2020. Our Access to Insulin Commitment is only one element and it cannot stand alone. Supply chain impro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vements and capacity building are îîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîî¢îîîîî
îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîî
îîîîîîîîîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîî³îîîîîîîîîîîîîîî¦îîîîîîîîîîîîîîîîîîîîîîîthe International Committee of the Red Cross (ICRC) and the Danish Red Cross (DRC), aimed îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîan ambition that no child should die from type îîîîîî
îîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîî¦îîîîîîîîî§îîî
îîîîîîîîî¦îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîthe aim of reaching 100,000 childr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>en by 2030. î¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîIn total, 469 healthcare pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ofessionals have been trained, 222 clinics established and 28,296 childr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>en across 14 countries have r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eceived care as part of the progr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>amme since 2009.Pre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ventionIn addition to the impact on patient lives, <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>diabetes also constitutes one of the biggest societal chal-îîîîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîî
îîîîîîîîîîî
îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>îîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîî²îîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4 ls3 ws3">-</span>îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîî
îîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîearly interventions and health inequalities in cities. îºîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîî¸î±î¬î¦î¨î©îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîobesity in Mexico and Colombia is pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ogressing despite CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19, and global advocacy on childhood malnutrition continues. îºîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîprivate partnership, Cities Changing Diabetes, îîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîtreatment amongst vulner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>able populations in urban settings. In 2020, Cities Changing Diabetes reached 36 cities, up fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om 25 in 2019, spanning î¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîpartners across the public and private sectors.Donations and other contributionsî§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¦<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î²î¹î¬î§îîîîîî¶îîîîîîîîîîîîîîîîîîîîîîîîîîâ 165 DKK million to the Antimicrobial Resistance 1. Categorised as an equity investmentand therefore not e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>xpensed in the incomestatementResearch (AMR) Action Fund, the lar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>gest collective fund ever established to support vital resear<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ch into antimicrobial resistance r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esearch and development1â 138 DKK million to the World Diabetes î©îîîîîîîîîîîîºî§î©îîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îcontribution of 50 DKK million in 2020â 20 DKK million to the Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk Haemophilia FoundationHelping society respond to C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>OVID-19î¶îîîîîîîîîîîîî
îîîîîîîîî¦<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î²î¹î¬î§îîîîîîîîîîîîîîîîîî¢îîîîîhave been focused on helping society<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.î¬îîî§îîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîsupported the Danish healthcare system in increasing national testing capacity and de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>veloped îîî¦î²<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î¹î¬î§îîîîîîîîî
îîîîîîîîîîîîîîîîîîî
îîîîîîîîîîî
îîthe University of Copenhagen to study the virus.îºîîîî¢îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîincluding UNRW<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>A and the Red Cross Organisa-îîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîEmployeesîºîîîîîîîîîî
îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîopportunities to realise their potential.At the end of 2020, the total number of îîîîîîîîîîîîîîîîîîîî±î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîî±îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîî·îîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîî¬îîîîîîîîîîîîîî²îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîHuman rights and labour îºîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîî
îîîîîîto respect human rights, including labour rights across all our activities and business r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>elationships as a minimum standard of business conduct. î¶îîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîî¢îîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî·îîîîî
îîîîîîîîîîîto ensure that all our emplo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>yees are paid a living îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîservices necessary to achieve a basic standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>d of îîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî2019, and as a result of this analysis an action plan has been implemented.î³îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîsalient human rights issues beyond those alr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eady addressed b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y existing global standards and progr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ammes. In 2020, manager and employee îîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîhuman rights and all company operations. In 2020, îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîî©îîîîîîîîîî
îîîîîîîîîîîî¢îîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîhealth, see progr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ess above. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>o mitigate risks of e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>xploitation of human biosamples used in pre-clinical r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esearch and îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîstrengthened risk-based due diligence pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ocess. î©îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîenhanced human rights due diligence îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîî©îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîthe human rights focus of our supplier audits, by updating the auditor toolbo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>x and conducting îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîHealth and safety and accident reportingSafety behaviour is part of our company values. In 2020, the average fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>equency rate of occupational îîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîºîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîcommitted to continuously impro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ving safety performance. Purpose and sustainabilityGo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>verning<span xmlns="http://www.w3.org/1999/xhtml" class="ff2"> </span>sustainable<span xmlns="http://www.w3.org/1999/xhtml" class="ff2"> </span>businessIn Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk, sustainability considerations ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e integrated into our business, decision-making and governance structures. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e strive to conduct our business in a responsible manner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>, in accordance with the No<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vo Nordisk W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ay â a set of guiding principles which underpins every decision we make.Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk WayThe Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk Way is a set of guiding principles îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîº<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîfacilitation to ensure that e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>veryone lives up to the Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk Way<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. In 2020, 26 facilitations îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîto CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19 travel restrictions. Any issues ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e addressed locally<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, and consolidated insights are îîîîîîîîîîîîî¨î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîî°îîîîîîîîîîîîîîîîîîî¥îîîîîof Directors. The No<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vo Nordisk Way also underpins our performance management and incentive progr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ammes. î·îîîî±îîîîî±îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîºîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîacceptance of discrimination nor harassment. We have pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ocesses in place to encourage the reporting of any discrimination, har<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>assment or retaliation, including an anonymous r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eporting hotline. We encour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>age all managers and employees to have an open dialogue on the matter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.Company trustThe level of trust in No<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vo Nordisk among key îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîpractitioners and diabetes specialists â is an îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîOur trust score, measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed on a scale of 0-100, increased to 80.6 in 2020 fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om 78.2 in 2019. The îîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîin a trust score in the pharmaceutical industry in 2020.Business ethics Our approach to business ethics is about acting îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî±îîîîNordisk W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ay, our Business Ethics Code of Conduct and international and local standards for responsible business conduct. Business ethics covers anti-bribery and anti-corruption, îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîof minimising any potential risks to our business, people and society<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. Annual training in business ethics is mandatory îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîî¬îîîîîîîî99% of employees completed and documented îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîmainly due to employees being on leave. In 2020, îîîî
îîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîî¦îîîîîîîîîîîîî¢îîîîîîîîîîîreported to our Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecutive Management and the Audit Committee. During CO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>VID-19, all audits outside Denmark îîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî§îîîîîîîîîîîîîîîîîîîapproach for 2020, Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oup Internal Audit assesses that the level of business ethics compliance is sound. Management action plans and closure of î¢îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîend of the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. î¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîensure r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsible and sustainable use of data. Furthermore, data pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>otection and human rights îîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîî
îîîî
îîîîîîîîethics risk reporting pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ocess in 2020.Product quality and supplier auditsî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>tions among those resolved at year-end. During îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>îîîîîîîîîîîîîîîîîîîîîîîî¤îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîî¢îîîîinspection reports had not been r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eceived or the î¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî©îîîîîîîîîon unresolved inspections continues in 2021.î¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî²îîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîrelated to quality audits r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>egarding handling of îîîîîîîîîîîîîîîîîîî¤îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîbeen closed satisfactorily<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.î¬îîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîCorporate go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vernanceî¤îîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî
îîîîîîîsustainable business is integrated into our îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîî²îîîîîîîîîîîîîîîîîîîîîîîîsupports the over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>arching imperative to be both commercially successful and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsive to the îîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî·îîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîstock listing enables us to embark on long-îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîtranspar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ency on performance.The objective of the Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk Foundation is to pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vide a stable basis for the commercial and resear<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ch activities of Novo Nordisk and support î
îîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîpurposes.In addition to managing our business, our governing bodies set dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ection and ensure that sustainability is implemented in business îîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¥îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîRemuneration The variable remuner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ation of executives is îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîî
îîîîîîîîîî
îîîîsustainable business.Sustainable tax approachî²îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîsustainable tax approach (tax policy), emphasising our commercial appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oach to managing the impact îîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîoperating our business in a r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsible and îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîî·îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîrespecting international and domestic tax rules. î¤îîîîîîîî
îîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîî
îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>ulations. We apply a 'Principal structur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e' in line îîîîîî²î¨î¦î§îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîperform their functions on contract on behalf of Roshni has type 1 diabetes and lives in Indiathe principals and are allocated an activity-based îîîî¢îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîî
îîîîîîîîîîîîîîî¢îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="ff4">-</span>gin. The tax outcome of this operational model îîîîîî¢îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîî
îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîour corporate income tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>es by region. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>o ensure îîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîî¢îîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîAdvance Pricing Agreements in place for geogr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>a-phies repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esenting more than 65% of our re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>venue îîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîother taxes. Please r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>efer to 'total tax contribution' in the ESG statement.Corporate income tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>es by region â thr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ee year average <span xmlns="http://www.w3.org/1999/xhtml" class="fc0">Share of category</span>RegionIntellectualproperty rights1Production2Sales3Corporate income taxes(DKK billion) International Operations <span xmlns="http://www.w3.org/1999/xhtml" class="_ _3b"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ff3">8.4</span>â Denmark7.2â EMEA (ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>cluding Denmark)0.9â China0.2â Rest of World0.1North America Operations1.5îîî²îîîîîîîîîîîîî¸î¶1.4T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>otal<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3c"> </span>9.9îîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî2. Production based on production emplo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>yees in the region3. Sales based on the location of the customerFinancial and ESG assuranceî²îîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîî¢îîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîî¤îîîîîîGeneral Meeting. As part of our ESG r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsibility, îîîîîîîîîîîîîîîîîîîîîîîîîîî¤îîîîîîîîîîµîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîan independent external auditor for ESG r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eport-ing in the annual report. The assur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ance provider îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîî¨î¶îªîîîîîîîîîîîîîîîîîîîîîîîîîcovers aspects that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e deemed to be material îîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîinformation reported.Our internal audit function pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vides independent and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> îî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî¢îîîîîîîîîîîîîîîîîîîî¬î·îîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîîîîîîîîîîîîîîîoperates independently of Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecutive Management, its charter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, audit plan and budget are appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oved b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y the Audit Committee. The Audit Committee must ap<span xmlns="http://www.w3.org/1999/xhtml" class="ls3 ws3">-</span>pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ve the appointment, remuneration and dismissal of the head of the internal audit function.MaterialityWe have a r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>obust materiality process in place îîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîreassessed on an annual basis b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y management.The three most material risk factors that can impact our ability to create value o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ver time are îîî¢îîîîî
îîîîîîîîîîîîîîîîîâ Product quality and patient safetyâ Progr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ess in the R&amp;D pipeline and regulatory appro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>val â Pricing and market access environmentSustainability standards and performanceWe strive to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eport on our ESG performance in îîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîOne of these is the T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>askforce on Climate-related î©îîîîîîîîîî§îîîîîîîîîîîîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î¦î©î§îîîî«îîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîrelated disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>es into our annual report. A îîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîî
îîîîîîîîîin our CDP disclosure r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eport. As recommended î
îîî·<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>î¦î©î§îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî½î¦îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî³îîîîîAgreement Goal (Repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esentative Concentration î³îîîîîîîî
îµî¦î³îîîîîîîîîîîîî½î¦îîîîîîîîîîîîîîîîîîîîîîîîemission (RCP 8.5) RCP to identify short-, medium- îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîsupply chain to ensure a steady supply of medicine to patients.We strive to adher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e to the disclosures of the Social î¤îîîîîîîî
îîîîîîî¶îîîîîîîîîî¥îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîî¶î¤î¶î¥îîîîîîîîapply to our industry<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. We do this to demonstrate our commitment to being transpar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ent and îîîîîîîîî
îîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîºîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîWe adher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e to international standards, commitments and recommendations, including those outlined below: â Access to Medicines Indexâ CDPâ Sustainability Accounting Standards Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>dâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ask For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ce on Climate-Related Financial Disclosuresâ UK Bribery Actâ UK Modern Slavery Actâ UN Global Compact T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>en Principlesâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>UN Guiding Principles on Business and Human Rightsâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>UN Political Declaration on Universal Health Cover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ageâ UN Sustainable Development Goalsâ US Foreign Corrupt Pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>actices ActFor the United Nations Sustainable Development îªîîîîîîî¶î§îªîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîªîîîîîîî'health' and Goal 12, '<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>responsible consumption îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîmaximise our positive impact on the SDGs.Access and aî¢ordability In the short and medium term, access to îî¢îîîîî
îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîkey challenge for patients in many parts of the îîîîîîîî¤îîîîîîîîîîî¢îîîîî
îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîî
îîîîîîîîîas healthcare systems struggle to pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ovide quality îîîîîîîîîîîîîîîîîîî
îîîîîîîîîîîîîîîîîîîî
îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîchronic diseases keeps rising. Ensuring access and îî¢îîîîî
îîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîî
îîîîîîî±îîîîî±îîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîº<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî
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îîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîEnvironmental risksWe ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e preparing for the risks and opportunities îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî¤îîrecommended b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y the T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ask For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ce on Climate-îîîîîîîîî©îîîîîîîîîî§îîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîî·î¦î©î§îîîîîîîîîîintegrating climate change scenarios into our risk management processes to identify short-, medium- and long-term risks.Human rights and labour risks We take a pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oactive approach to integrating risk management of human and labour rights into our îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîî¢îîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîlabour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, bonded labour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, child slavery and hazar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>dous child labour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, can occur in every industry and sector<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>. We r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>espect human rights as per the UN Guiding Principles on Business and Human Rights. </mrv:StatementOfCorporateSocialResponsibility>
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<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî±î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî¬îîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î
îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîîîîîîDan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ish F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>anc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>s Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, N<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ovo N<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ord<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isk dis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>os<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>es c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rent p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nce o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n di<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y in îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî
<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî±î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî±<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>îîîdi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y po<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>li<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y is a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>va<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ila<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>bl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hat s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>tio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n.</mrv:StatementOfTheDiversityPolicies>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-2" id="pp-value602" xml:lang="en">One element of our diversity and inclusion aspiration is to achie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ve a balanced gender repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esentation at all managerial levels. While îîîîîîî
îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîin 2019. In Senior Management1îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîî¬îîîîîîî¥îîîîîîîîî§îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîîî§îî¢îîîîîîîî¨îîîîîîîîîî¹îîîîî³îîîîîîîîîîîîîîSenior Vice Presidentshav<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e at l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>eas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e sha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>reh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>der-e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>le<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d Bo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ard members of each gender<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î±<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî²îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî¢î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îî</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:CorporateGovernanceReport contextRef="ctx-2" id="pp-value937" xml:lang="en">î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîîîîîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>îîîîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>îî
îîî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>î<span xmlns="http://www.w3.org/1999/xhtml" class="ff4 ls3 ws3"> </span>corporate-governance/recommendation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>s-and<span xmlns="http://www.w3.org/1999/xhtml" class="ls3 ws3"> </span>-prac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ices.html<span xmlns="http://www.w3.org/1999/xhtml" class="ff6 ls3 ws3">îîîîîîîî<span class="_ _0"/>îîî<span class="_ _0"/>îîîîî<span class="_ _0"/>îî<span class="_ _0"/>îîîî<span class="_ _0"/>î<span class="_ _0"/>î<span class="_ _0"/>îî<span class="_ _0"/>îî<span class="_ _0"/>î
îîî</span></mrv:CorporateGovernanceReport>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-2" id="pp-value940" xml:lang="en">T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oday<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, the Board of Directors and Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecutive Management approved the Annual Report of Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk A/S for the year 2020. The Board of Directors and Executive Management ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e jointly responsible for ensuring the integrity and quality of the report.The Annual Report has been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed in accordance with the International Integrated Reporting Fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>amework. The Consolidated Financial Statements have been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed in accordance with International Financial Reporting Standards (IFRS) as issued b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y the International Accounting Standards Board and in accordance with IFRS as endorsed b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y the EU and further requirements in the Danish Financial Statements Act.Further<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, the Financial statements of the Parent Company and Managementâs Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>w have been prepared in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>dance with the Danish Financial Statements Act.In our opinion, the Consolidated Financial Statements and the Financial statements of the Parent Company give a true and fair vie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>w of the î¢nancial position at 31 December 2020, the results of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oupâs and Parent Companyâs operations, and consolidated cash î¢o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ws for the î¢nancial year 2020. Furthermore, in our opinion, Management's Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>view includes a true and fair account of the development in the oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ations and î¢nancial circumstances, of the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esults for the year and of the î¢nancial position of the Group and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ent Company as well as a description of the most signiî¢cant risks and elements of uncertainty facing the Group and the Parent Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.In our opinion, the Annual Report of Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk A/S for the î¢nancial year 1 January to 31 December 2020 identiî¢ed as NOVO-2020-12-31.zip is prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed, in all material respects, in compliance with the ESEF Regulation.Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>diskâs Consolidated Environmental, Social and Go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vernance Statements have been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed in accordance with the reporting principles of materiality<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, inclusivity, r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsiveness and impact of AA1000AP(2018) and environmental, social and go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vernance accounting policies. They give a true and fair account and a balanced and reasonable pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esentation of the organisationâs envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>onmental, social and governance performance in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>dance with these principles.We r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecommend that the Annual Report be adopted at the Annual General Meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"/>o the shareholders of Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value976" xml:lang="en">In our opinion, the Consolidated Financial Statements give a true and fair view of the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>s î¢nancial position at 31 December 2020 and of the results of the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>s operations and cash î¢ows for the î¢nancial year 1 January to 31 December 2020 in accordance with International Financial Reporting Standards (IFRS) as issued b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y the International Accounting Standards Board and in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>dance with IFRS as endorsed by the EU and further requirements in the Danish Financial Statements Act.Moreover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, in our opinion, the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ent Company Financial Statements give a true and fair view of the Parent Companyâs î¢nancial position at 31 December 2020 and of the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esults of the Parent Companyâs operations for the î¢nancial year 1 January to 31 December 2020 in accordance with the Danish Financial Statements Act.Our opinion is consistent with our Auditorâs Long-form Report to the Audit Committee and the Board of Directors.What we have audited The Consolidated Financial Statements of Novo Nordisk A/S for the î¢nancial year 1 January to 31 December 2020, section âConsolidated î¢nancial statementsâ, comprise income statement and statement of comprehensive income, cash î¢ow statement, balance sheet, equity statement and notes, including summary of signiî¢cant accounting policies.The Parent Company Financial Statements of Novo Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>disk A/S for the î¢nancial year 1 January to 31 December 2020, section âFinancial Statements of the Parent Companyâ, comprise income statement, balance sheet, equity statement and notes, including summary of signiî¢cant accounting policies.Collectively referred to as the âFinancial Statementsâ.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-2" id="pp-value999" xml:lang="en">We conducted our audit in accordance with International Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ds on Auditing (ISAs) and the additional requirements applicable in Denmark. Our r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsibilities under those standards and requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ements are further described in the <span xmlns="http://www.w3.org/1999/xhtml" class="ff1f">Auditorâs responsibilities for the<span class="ff28"> </span></span>audit of the Financial Statements <span xmlns="http://www.w3.org/1999/xhtml" class="ff16">section of our report.</span>We believe that the audit e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vidence we have obtained is suî¢cient and appropriate to pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vide a basis for our opinion.IndependenceWe are independent of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oup in accordance with the International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e have also fulî¢lled our other ethical responsibilities in accordance with the IESBA Code.T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>o the best of our knowledge and belief, pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ohibited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014 were not pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vided.Appointment We were î¢rst appointed auditors of No<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vo Nordisk A/S in April 1982 for the î¢nancial year 1982. We have been reappointed annually b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y shareholder resolution for a total period of uninterrupted engagement of 39 years including the î¢nancial year 2020.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-2" id="pp-value1016" xml:lang="en">Key audit matters are those matters that, in our pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ofessional judgement, were of most signiî¢cance in our audit of the Financial Statements for 2020. These matters were addressed in the context of our audit of the Financial Statements as a whole, and in forming our opinion thereon, and we do not pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vide a separate opinion on these matters.Key audit matter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _4a"> </span>Ho<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>w our audit addressed the key audit matterRevenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecognition relating to rebates and discounts in the US businessThe Group sells to various customers in the US, which can fall under certain commercial and government mandated contracts and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eimbursement arrangements, of which the most signiî¢cant are Managed Care, Medicar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e, Medicaid and charge-backs to wholesalers.These arrangements result in deductions to gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oss sales in arriving at net sales and give rise to obligations for the Group to pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vide customers with rebates, discounts and allowances, which for unsettled amounts are r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecognised as an accrual.We focused on this area because r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ebates, discounts and allowances are comple<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>x and because establishing an appropriate accrual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>equires signiî¢cant judgement and estimation by Management. This judgement is particularly complex in a US healthcar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e environment in which competitive pricing pressure and pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oduct discounting are gro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>wing trends. Refer to Note 2.1 and Note 3.6.We obtained Managementâs calculations for accruals under applicable schemes and assessed the signiî¢cance of assumptions applied by comparing them to the stated commercial policies, the terms of the applicable contracts, thir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>d party data and historical levels of paid rebates and discounts in the US business. We compared the assumptions to contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>acted prices, historical rebates, discounts, allowances and to current payment tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ends. We also considered the historical accur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>acy of the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>s estimates. <span xmlns="http://www.w3.org/1999/xhtml" class="ff16"> </span> We formed an independent assessment of the most signiî¢cant elements of the accrual at 31 December 2020 using third party data and compared this e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>xpectation to the actual accrual recognised.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value1046" xml:lang="en">Management is responsible for Managementâs Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>view, section âManagements r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>eviewâ.Our opinion on the Financial Statements does not cover Managementâs Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>view, and we do not express any form of assur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ance conclusion thereon.In connection with our audit of the Financial Statements, our responsibility is to read Managementâs Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>w and, in doing so, consider whether Management<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>âs Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>view is materially inconsistent with the Financial Statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. Moreover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, we consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed whether Management<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>âs Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>view includes the disclosures required b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y the Danish Financial Statements Act. Based on the work we have performed, in our view<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, Managementâs Review is in accordance with the Consolidated Financial Statements and the Parent Company Financial Statements and has been prepared in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>dance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Managementâs Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>w.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-2" id="pp-value1060" xml:lang="en">Management is responsible for the prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ation of consolidated î¢nancial statements that give a true and fair view in accordance with International Financial Reporting Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ds (IFRS) as issued by the International Accounting Standards Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>d and in accordance with IFRS as endorsed by the EU and further requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ements in the Danish Financial Statements Act and for the preparation of par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ent company î¢nancial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ation of î¢nancial statements that are free fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om material misstatement, whether due to fraud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>.In preparing the Financial Statements, Management is responsible for assessing the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>s and the Parent Companyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-2" id="pp-value1073" xml:lang="en">Our objectives are to obtain reasonable assur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ance about whether the Financial Statements as a whole are free fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>om material misstatement, whether due to fraud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>antee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>aud or error and are considered material if<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, individually or in the aggregate, they could r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>easonably be expected to inî¢uence the economic decisions of users taken on the basis of these Financial Statements.As part of an audit in accordance with ISAs and the additional requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ements applicable in Denmark, we exer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>cise professional judgement and maintain professional scepticism throughout the audit. We also: â Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, design and perform audit pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ocedures responsive to those risks, and obtain audit evidence that is suî¢cient and appropriate to pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ovide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esulting from error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, as fraud may involve collusion, forgery<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, intentional omissions, misrepresentations, or the override of internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ol.â Obtain an understanding of internal control rele<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vant to the audit in order to design audit procedures that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e appropriate in the circumstances, but not for the purpose of expressing an opinion on the eî¢ectiveness of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>oupâs and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ent Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>âs internal control.â Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>y Management.â Conclude on the appropriateness of Managementâs use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vents or conditions that may cast signiî¢cant doubt on the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>s and the Parent Companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>equired to draw attention in our auditorâs report to the related disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>es in the Financial Statements or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. Howe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ver, futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e events or conditions may cause the Group or the Parent Company to cease to continue as a going concern.â Evaluate the overall pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esentation, structure and content of the Financial Statements, including the disclosures, and whether the Financial Statements repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esent the underlying transactions and events in a manner that achie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ves fair presentation.â Obtain suî¢cient appropriate audit evidence r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>egarding the î¢nancial information of the entities or business activities within the Group to expr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ess an opinion on the Consolidated Financial Statements. We are r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esponsible for the direction, supervision and performance of the group audit. We r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>emain solely responsible for our audit opinion.We communicate with those charged with go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vernance regarding, among other matters, the planned scope and timing of the audit and signiî¢cant audit î¢ndings, including any signiî¢cant deî¢ciencies in internal control that we identify during our audit.We also pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vide those charged with governance with a statement that we have complied with relevant ethical r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>equirements regar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ds.From the matters communicated with those charged with go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>vernance, we determine those matters that were of most signiî¢cance in the audit of the Financial Statements of the current period and are ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>efore the key audit matters. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e describe these matters in our auditorâs report unless law or regulation pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ecludes public disclosure about the matter or when, in extremely r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>are circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public inter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>est beneî¢ts of such communication.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-2" id="pp-value1129" xml:lang="en">As part of our audit of the Financial Statements we performed procedures to e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>xpress an opinion on whether the Annual Report of Novo Nordisk A/S for the î¢nancial year 1 January to 31 December 2020 with the î¢le name NOVO-2020-12-31.zip is prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed, in all material respects, in compliance with the Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF Regulation) which includes requirements r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>elated to the preparation of the Annual Report in XHTML format and iXBRL tagging of the Consolidated Financial Statements.Management is responsible for preparing an Annual Report that complies with the ESEF Regulation. This responsibility includes:â The preparation of the Annual Report in XHTML format;â The selection and application of appropriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring thereof to elements in the tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>onomy, for all î¢nancial information required to be tagged using judgement wher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e necessary;â Ensuring consistency between iXBRL tagged data and the Consolidated Financial Statements presented in human-readable format; andâ For such internal control as Management determines necessary to enable the preparation of an Annual Report that is compliant with the ESEF Regulation.Our responsibility is to obtain reasonable assur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ance on whether the Annual Report is prepared, in all material r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>espects, in compliance with the ESEF Regulation based on the evidence we have obtained, and to issue a report that includes our opinion. The natur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>e, timing and extent of procedur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>es selected depend on the auditor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>âs judgement, including the assessment of the risks of material departures from the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>equirements set out in the ESEF Regulation, whether due to fraud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>. The pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ocedures include:â T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>esting whether the Annual Report is prepared in XHTML format;â Obtaining an understanding of the companyâs iXBRL tagging process and of internal control over the tagging pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ocess;â Evaluating the completeness of the iXBRL tagging of the Consolidated Financial Statements;â Evaluating the appropriateness of the companyâs use of iXBRL elements selected from the ESEF taxonomy and the creation of e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>xtension elements where no suitable element in the ESEF taxonomy has been identiî¢ed; â Evaluating the use of anchoring of extension elements to elements in the ESEF taxonomy; andâ Reconciling the iXBRL tagged data with the audited Consolidated Financial Statements.In our opinion, the Annual Report of Novo Nordisk A/S for the î¢nancial year 1 January to 31 December 2020 with the î¢le name NOVO-2020-12-31.zip is prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>ed, in all material respects, in compliance with the ESEF Regulation.</arr:AuditorsReportOnXbrlTagging>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-2" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-2" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx-2" xml:lang="en">ParsePort XBRL Converter</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:ReportingPeriodStartDate contextRef="ctx-2" xml:lang="en">2020-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-2" xml:lang="en">2020-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-2" xml:lang="en">2019-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx-2" xml:lang="en">2019-12-31</gsd:PredingReportingPeriodEndDate>
<gsd:LegalEntityIdentifierOfReportingEntity contextRef="ctx-2" xml:lang="en">549300DAQ1CVT6CXN342</gsd:LegalEntityIdentifierOfReportingEntity>
<gsd:NameOfReportingEntity contextRef="ctx-2" xml:lang="en">Novo Nordisk A/S</gsd:NameOfReportingEntity>
<fsa:ClassOfReportingEntity contextRef="ctx-2" xml:lang="en">Reporting class D</fsa:ClassOfReportingEntity>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx-2" xml:lang="en">24256790</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx-2" xml:lang="en">Novo Allé</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx-2" xml:lang="en">1</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx-2" xml:lang="en">2880</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx-2" xml:lang="en">Bagsværd</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityCountry contextRef="ctx-2" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx-2" xml:lang="en">+4544448888</gsd:TelephoneNumberOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx-2" xml:lang="en">novonordisk.com</gsd:HomepageOfReportingEntity>
<mrv:LinkToCorporateGovernanceReport contextRef="ctx-2" xml:lang="en">https://www.novonordisk.com/about/corporate-governance/recommendations-and-practices.html</mrv:LinkToCorporateGovernanceReport>
<fsa:AverageNumberOfEmployees contextRef="ctx-2" decimals="0" unitRef="dkk">43759</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-24" decimals="0" unitRef="dkk">42218</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-1" decimals="0" unitRef="dkk">15782</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-25" decimals="0" unitRef="dkk">15550</fsa:AverageNumberOfEmployees>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-3" xml:lang="en">Lars Fruergaard Jørgensen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-3" xml:lang="en">President and CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">Karsten Munk Knudsen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">CFO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">Monique Carter</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-6" xml:lang="en">Camilla Sylvest</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-7" xml:lang="en">Mads Krogsgaard Thomsen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-8" xml:lang="en">Henrik Wulff</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-9" xml:lang="en">Helge Lund</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-9" xml:lang="en">Chair</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-10" xml:lang="en">Jeppe Christiansen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-10" xml:lang="en">Vice chair</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-11" xml:lang="en">Brian Daniels</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-12" xml:lang="en">Laurence Debroux</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-13" xml:lang="en">Andreas Fibig</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-14" xml:lang="en">Sylvie Grégoire</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-15" xml:lang="en">Liz Hewitt</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-16" xml:lang="en">Mette Bøjer Jensen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-17" xml:lang="en">Kasim Kutay</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-18" xml:lang="en">Anne Marie Kverneland</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-19" xml:lang="en">Martin Mackay</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-20" xml:lang="en">Thomas Rantzau</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-21" xml:lang="en">Stig Strøbæk</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<gsd:LegalEntityIdentifierOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">549300DAQ1CVT6CXN342</gsd:LegalEntityIdentifierOfSubmittingEnterprise>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">24256790</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">Novo Nordisk A/S</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx-2" xml:lang="en">Novo Allé 1</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx-2" xml:lang="en">2880 Bagsværd</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsPlace contextRef="ctx-2" xml:lang="en">Hellerup</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx-2" xml:lang="en">2021-02-03</arr:SignatureOfAuditorsDate>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-22" xml:lang="en">Mogens Nørgaard Mogensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-22" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-22" xml:lang="en">mne21404</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-22" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-22" xml:lang="en">PricewaterhouseCoopers, Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<gsd:AddressOfAuditorStreetName contextRef="ctx-22" xml:lang="en">Strandvejen</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-22" xml:lang="en">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-22" xml:lang="en">2900</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx-22" xml:lang="en">Hellerup</gsd:AddressOfAuditorDistrictName>
<gsd:AddressOfAuditorCountry contextRef="ctx-22" xml:lang="en">Denmark</gsd:AddressOfAuditorCountry>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-23" xml:lang="en">Mads Melgaard</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-23" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-23" xml:lang="en">mne34354</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-23" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-23" xml:lang="en">PricewaterhouseCoopers, Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<gsd:AddressOfAuditorStreetName contextRef="ctx-23" xml:lang="en">Strandvejen</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-23" xml:lang="en">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-23" xml:lang="en">2900</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx-23" xml:lang="en">Hellerup</gsd:AddressOfAuditorDistrictName>
<gsd:AddressOfAuditorCountry contextRef="ctx-23" xml:lang="en">Denmark</gsd:AddressOfAuditorCountry>
</xbrli:xbrl>