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Report: Sagsnummer X21-BP-80-UP

Report overview

Organization name	NOVOZYMES A/S
CVR number	10007127
Sagsnummer	X21-BP-80-UP
Period	2020-01-01 - 2020-12-31
Pages	N/A
Words	N/A
Characters	N/A
Sustainability info

Type	Separate report
UN Global Compact CoP	No UN Global Compact record found for this reporting period
Standards mentioned	Not yet analyzed
Text structure

A sparkline graph showing the number of pages, their relative length and how many times the word 'sustainability' occurs in them:
Documents

AARSRAPPORT (application/xml) Includes sustainability reporting	Open
AARSRAPPORT (text/html) Includes sustainability reporting	Open
AARSRAPPORT_ESEF (application/xml)	Open
ESEF_EXTENSION (application/zip)	Open
Sustainability report

Direct link: http://regnskaber.virk.dk/72170001/amNsb3VkczovLzAzL2NkLzRiLzY3Lzk3L2RjNWYtNGE3YS05MTk1LTY5MDI1YmZkNTIyMA.xml
Extra info

Assets

Type	Time	Amount	Unit
ifrs-full:Assets	2020-12-31	20510000000	dkk
ifrs-full:Assets	2019-12-31	20437000000	dkk
Revenue

Type	Start date	End date	Amount	Unit
ifrs-full:Revenue	2020-01-01	2020-12-31	14012000000	dkk
ifrs-full:Revenue	2019-01-01	2019-12-31	14374000000	dkk
XML

See the xml submitted here:
XML: http://regnskaber.virk.dk/72170001/amNsb3VkczovLzAzL2NkLzRiLzY3Lzk3L2RjNWYtNGE3YS05MTk1LTY5MDI1YmZkNTIyMA.xml
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   <mrv:StatementOfTheDiversityPolicies contextRef="ctx-2" id="pp-value22" xml:lang="en">The individual competencies of the members of the Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e shown in the pres&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;entation of the Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d of Direct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ors. Novozymes' statutory r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport on diversity pursuant to section 107d of the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct is available at &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff1"&gt;https://investors.novozymes.&lt;/span&gt;com/investors/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;corpor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ate-governance/articles-of-ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ociation-and-reports-on-corpor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ate-governance/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;default.aspx.</mrv:StatementOfTheDiversityPolicies>
   <mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-2" id="pp-value1" xml:lang="en">   &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="fc1"&gt; &lt;span class="_ _4"/&gt;&lt;span class="fc2 ws1d"&gt;At least 33%&lt;span class="ff3 ws1e"&gt; of the shar&lt;span class="_ _1"/&gt;eholder-&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;elected boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;d members must be female, and at least 33% of the shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eholder-elect&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed board members shall be male All thr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ee targets wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e met in 2020, and the composition of the Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d of Direct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ors meets the gender diversity r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements set out in Danish legislation. F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;urther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eporting on gender diversity at other management levels can be found in Not&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e 8.1 Labor practic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es îîîîºî²î¦î³îî·î®î¬îî¹î¸îî®î³îî¹îîªîîî´î¨î®î¦î±îî¦î³î©îgovernance data section. The competencies and targets ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e î©îªîî³îªî©îî®î³îî¦î&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff8"&gt;î¨î´î²îµîªî¹îªî³î¨î¾îîµî·&lt;span class="_ _1"/&gt;î´îî±îª&lt;span class="ff3"&gt; &lt;/span&gt;&lt;/span&gt;î¹îî¦î¹îî¸îµîªî¨î®îîªî¸îî¹îîªîî·&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;îªî¶îºî®î·&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;îªî²îªî³î¹î¸îî«î´î·îpersonal char&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;acteristics, skills and experience.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e are continuously tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;acking the impact of our initiatives, for example, gender diversity of new hir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es and internal tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ansfers, and over&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;all, we have made pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ogress t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;o ensure gender diversity in management levels. In 2020, 33% of our senior management wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e female.</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
   <mrv:CorporateGovernanceReport contextRef="ctx-2" id="pp-value31" xml:lang="en">Charters and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ecommendations When laying down the management principles&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt; &lt;/span&gt;for Novozymes, the Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;d of Directors&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt; &lt;/span&gt;followed the R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ecommendations on Corporat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;Governance that f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orm part of the disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements applicable to companies listed on&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt; &lt;/span&gt;Nasdaq C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;openhagen. These r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ecommendations&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt; &lt;/span&gt;ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e available at corpor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ategovernance.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dk. A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;detailed r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eview of Novozymesâ position on each&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt; &lt;/span&gt;of the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecommendations and a description&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt; &lt;/span&gt;of the internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol and risk management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;î¸î¾î¸î¹îªî²îî·&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;îªî±î¦î¹î®î³î¬îî¹î´îîî³î¦î³î¨î®î¦î±îî·îªîµî´î·î¹î®î³î¬îî¨î¦î³îî§îª&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt;î&lt;/span&gt;found in the statut&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ory r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport on corporat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;governance pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epared pursuant to section 107b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;of the Danish Financial Statements Act at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff1 ls0 ws20"&gt; &lt;/span&gt;https://investors.novozymes.com/investors/corporate&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff35"&gt;-&lt;/span&gt;governance/articles-of-association-and-r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eports-on-corpor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ate-governance/default.aspx.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff3 ws0"&gt; These r&lt;span class="_ _1"/&gt;ecommendations requir&lt;span class="_ _1"/&gt;e&lt;span class="ws20"&gt; &lt;/span&gt;&lt;/span&gt;companies to explain any deviations. Novozymes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws20"&gt; &lt;/span&gt;î«î´î±î±î´î¼î¸îîªî¬îî´î«îî¹îîªîîªîîî·&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;îªî¨î´î²î²îªî³î©î¦î¹î®î´î³î¸î¬îî¹îîª&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt;î&lt;/span&gt;exc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws0"&gt;eption &lt;/span&gt;being:&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws0"&gt; &lt;/span&gt; </mrv:CorporateGovernanceReport>
   <mrv:StatementOfCorporateSocialResponsibility contextRef="ctx-2" id="pp-value54" xml:lang="en">F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;urthermore, under the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct (sections 99a and 99b), it is mandatory f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or large companies to r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport on corpor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ate social r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsibility and îªî¶îºî¦î±îî´îµîµî´î·î¹îºî³î®î¹î®îªî¸îî¦î¸îî©îªîî³îªî©îî§î¾îî¹îîªîîî¨î¹î«îNovozymes is committed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o the ten principles of the UN Global Compact (UNGC) and as a continuing member of the UNGC we pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epare a Communication on Pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ogress (C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oP). Our integr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ated annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport together with our Sustainability Report&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff1 ls0 ws0"&gt; &lt;span class="_ _1"/&gt;&lt;span class="ff8 ls4 ws5"&gt;î´îî¹î¹îµî¸îîºîºî¼î¼î¼&lt;span class="_ _1"/&gt;î«î³î´î»î´î¿î¾î²îªî¸î«&lt;/span&gt;&lt;/span&gt;com/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;en/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;about&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;-us/sustainab&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ility/transpar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ency-î¦î¨î¨î´îºî³î¹î¦î§î®î±î®î¹î¾îµ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff3 ws0"&gt; s&lt;span class="_ _0"/&gt;erves as our CoP and meets &lt;/span&gt;the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements of s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ections 99a and 99b of the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct. </mrv:StatementOfCorporateSocialResponsibility>
   <sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-2" id="pp-value75" xml:lang="en">The Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d of Direct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ors and the Executive Management have today c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onsidered and appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oved the Annual Report of Novozymes A/S for the înancial year J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anuary 1 â December 31, 2020. The Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements have been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with International Financial R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eporting Standards as adopted by the EU and further r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;equirements in the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct, and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company Financial Statements have been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct. Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review has been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epared in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ordance with the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct.In our opinion, the accounting policies us&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed are appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opriate, and the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oupâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ols r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elevant to pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eparation and pres&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;entation of the Annual Report ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e adequate. The Consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed Financial Statements and the P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arent C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ompany Financial Statements give a true and fair view of the înancial position at December 31, 2020 of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company andof the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esults of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ations and consolidated cash îows for the înancial year J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anuary 1 â December 31, 2020.In our opinion, Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review includes a true and fair account of the development in the operations and înancial cir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;cumstances of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, of the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esults for the year&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, and of the înancial position of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company as well as a description of the most signiîcant risks and elements of uncertainty facing the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;. Novozymesâ Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental data and the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated social and governance data and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elated notes, have been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epared in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the reporting principles of materiality&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, inclusivity&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsiveness and the accounting policies. In our opinion, they give a true and fair view of the organisationâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, social and governance performanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with these principles.In our opinion, the Annual Report of Novozymes A/S for the înancial year January 1 - December 31, 2020 identiîed as NOV&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;OZYMES-2020-12-31.zip is prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed in all material r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;espects, in compliance with the ESEF Regulation.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e recommend that the Annual R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport beadopted at the Annual Shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eholdersâ Meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
   <arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;o the shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eholders of Novozymes A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
   <arr:OpinionOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value129" xml:lang="en">In our opinion, the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements give a true and fair view of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;âs înancial position at December 31, 2020 and of the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esults of the Group&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s operations and cash îows f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or the înancial year January 1 to Dec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ember 31, 2020 in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with International Financial Reporting Standar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ds as adopted by the EU and further r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements in the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct.Mor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eover&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, in our opinion, the P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;arent Company Financial Statements give a true and fair view of the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s înancial position at December 31, 2020 and of the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esults of the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s operations for the înancial year January 1 to Dec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ember 31, 2020 in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct.In our opinion, the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental data and the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated social and governance data f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the înancial year January 1 to December 31, 2020 ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the accounting policies f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental data and the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated social and governance data.Our opinions ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e consistent with our A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;uditorâs L&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ong-f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orm Report to the A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;udit Committee and the Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d of Direct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ors.What we have auditedThe Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements of Novozymes A/S, pages 52-60 and 65-116, for the înancial year J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anuary 1 to December 31, 2020 comprise the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onsolidated inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ome statement and statement of c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ompr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ehensive income, the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated balance sheet, the consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed statement of shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eholdersâ equity&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, the consolidated statement of cash îows and the notes, including signiîcant accounting policies.The Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company Financial Statements of Novozymes A/S, &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;pages 143-158, f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or the înancial year January 1 to Dec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ember 31, 2020 comprise the income statement, the balanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e sheet, the statement of changes in equity and the notes, including signiîcant &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;accounting &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;policies.Collectively r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eferr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed to as the âFinancial Statementsâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;.The Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental data and the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated social and governance data of Novozymes A/S, pages 61-64 and 117-137, for the înancial year January 1 to Dec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ember 31, 2020 comprise the envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental performance and consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental data, the social and governance perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ormance and consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed social and governance data and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elated notes, including signiîcant accounting policies.These ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e collectively ref&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;erred to as the âEnvir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, Social and Governance Data.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;â</arr:OpinionOnAuditedFinancialStatements>
   <arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-2" id="pp-value188" xml:lang="en">W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e conducted our audit in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with International Standar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ds on Auditing (ISAs) and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements applicable in Denmark. Our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibilities under those standar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ds and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e further described in the Audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s responsibilities for the audit of the Financial Statements and the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, Social and Governance Data section of our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport.  W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e believe that the audit evidence we have obtained is suîcient and appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opriate to pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ovide a basis for our opinion.IndependenceW&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e are independent of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oup in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the International Ethics Standar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ds Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d for A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ccountantsâ Code of Ethics for Pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ofessional Ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;countants (IESBA Code) and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;equirements applicable in Denmark. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e have also fulîlled our other ethical r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibilities in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the IESBA C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ode.  T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;o the best of our knowledge and belief&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ohibited non-audit servic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es ref&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;erred to in Article 5(1) of Regulation (EU) No 537/2014 wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e not provided,îexc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ept for an insigniîcant br&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;each that was r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eported to the Audit Committ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ee and which did not aîect our independence. AppointmentW&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e were appointed as audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ors of Novozymes A/S for the îrst time aî&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er the initial public oîering on M&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ch 21, 2001. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e have been r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eappointed annually by shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eholder resolution for a t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;otal period of uninterrupted engagement of 20 years, including the înancial year 2020.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
   <arr:KeyAuditMattersAudit contextRef="ctx-2" id="pp-value223" xml:lang="en">signiîcance in our audit of the Financial Statements f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or 2020. These matters wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e addr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essed in the context of our audit of the Financial Statements as a whole, and in forming our opinion ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eon, and we do not pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ovide a separat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e opinion on these matters.Key audit matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _207"&gt; &lt;/span&gt;How our audit addressed the k&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ey audit matterKey audit matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers are thos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e matters that, in our pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ofessional judgment, wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e of most Collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation agreements Novozymes has enter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed into collaboration agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eements. Some of these collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation agreements include complex mechanisms f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or sharing proît and expenses. Due to the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;omplexity of the agreements, ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e are unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ertainties in relation to the interpr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;etation of the agreements.In 2020, the most signiîcant of these collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation agreements, the Bioag collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eement, was amended to a supply agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eement. The amendment of the agreement included uncertainties and assessments of inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ome and accruals.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e focused on this ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ea because the agreements and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;elated accounting tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eatment of pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oît-sharing and expens&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es are complex and because the amendment of the Bioag collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eement requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed signiîcant judgment and estimation by Management. Ref&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;er to Note 2.2 and 3.1 to the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;olidated Financial Statements.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e tested r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;elevant controls including applicable inf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ormation systems and monitoring contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ols implemented to ensure that pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oît-sharing and expens&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es from the collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eements are r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ecognized and measur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed appropriately on an ongoing basis.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e assessed the accounting tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eatment applied by Management of the amendment of the Bioag collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation agreement, including s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ettlement of income and cost associated with the change to the supply agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eement.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e also assessed the acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ounting treatment applied by Management of the amendment of the Bioag collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eement in relation t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;o impairment of intangible assets.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e read the amended Bioag collabor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation agreement and assess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed Managementâs interpr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;etation of the amended agreement and the înancial impact.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e tested Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s subjective estimation of proît&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;-sharing and relat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed accruals etc. under the applicable r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;emaining collaboration agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eements, as well as rec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onciled data inputs and signiîcant assumptions â to both internal and ext&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernal sour&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ces â and we assessed the accur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;acy of the accruals in pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;evious periods.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e assessed whether the disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es in relation to r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;evenue and intangible assets ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opriate and meet the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;equirements of accounting standar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ds.</arr:KeyAuditMattersAudit>
   <arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value260" xml:lang="en">Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, pages 3-51.Our opinion on the Financial Statements and on the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, Social and Governance Data does not cover Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, and we do not expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ess any form of assur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ance conclusion ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eon.In connection with our audit of the Financial Statements, our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsibility is to read Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review and, in doing so&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, consider whether Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review is materially inconsist&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent with the Financial Statements or our knowledge obtained in the audit, or otherwise appears to be mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erially misstated. Mor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eover&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, we consider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed whether Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/&gt; Review includes the dis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;closur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed by the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct. Based on the work we have perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormed, in our view&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review is in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the Consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed Financial Statements, the P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent Company Financial Statements, and the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental, Social and Governance Data, and has been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epared in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ements of the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e did not identify any material misstatement in Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s Review&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
   <arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-2" id="pp-value288" xml:lang="en">Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for the prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ation of Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements that give a true and fair view in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with International Financial R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eporting Standards as adopted by the EU and further r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;equirements in the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct and for the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eparation of Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company Financial Statements that give a true and fair view in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with the Danish Financial Statements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct, and for such internal c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ontrol as Management determines is nec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essary to enable the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eparation of înancial statements that ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e free fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;om material misstatement, whether due to fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aud or error&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;.F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;urthermore, Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eparing the Environmental, Social and Governance Data in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ordanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e with the accounting policies stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, Social and Governance Data, and for such int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol as Management determines is necessary t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o enable the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eparation of Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental, Social and Governance Data that ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e free fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;om material misstatement, whether due to fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;aud or error&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;. In pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eparing the Financial Statements, Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for assessing the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;âs and the P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;arent Companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s ability to continue as a going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oncern, disclosing, as applicable, matters r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;elated to going concern and using the going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oncern basis of accounting unless M&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anagement either intends to liquidate the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oup or the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company or to ceas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e operations, or has no r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ealistic alternative but to do s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
   <arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-2" id="pp-value323" xml:lang="en">Our objectives ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e to obtain r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;easonable assuranc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e about whether the Financial Statements and the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental, Social and Governance Data as a whole ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e free fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om material misstatement, whether due to fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aud or error&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, and to issue an auditorâs r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport that includes our opinion. Reas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onable assuranc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e is a high level of assuranc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, but is not a guarant&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ee that an audit conducted in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with ISAs and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements applicable in Denmark will always detect a material misstat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement when it exists. Misstatements can arise fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;om fraud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or and are consider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed material if&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, individually or in the aggr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;egate, they could r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;easonably be expected t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o inîuence the economic decisions of users tak&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;en on the basis of these Financial Statements and the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, Social and Governance Data.As part of an audit in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;dance with ISAs and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements applicable in Denmark, we exer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cise pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ofessional judgment and maintain pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ofessional sk&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epticism thr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oughout the audit. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e also: â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Identify and assess the risks of material misstatement of the Financial Statements and the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, Social and Governance Data, whether due to fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;aud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, design and perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;orm audit procedur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsive to those risks, and obtain audit evidence that is suîcient and appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;opriate to pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ovide a basis for our opinion. The risk of not detecting a material misstat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esulting fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om fraud is higher than f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or one r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esulting fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om error&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, as fraud may involve collusion, f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orgery&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, intentional omissions, misr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esentations, or the override of internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol.â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Obtain an understanding of internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elevant to the audit in or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;der to design audit pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ocedur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es that are appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;opriate in the cir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cumstances, but not f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the purpose of expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;essing an opinion on the eîectiveness of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oupâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol.â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Evaluate the appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;opriateness of accounting policies used and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;easonableness of accounting estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elated disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es made by Management.â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Conclude on the appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;opriateness of Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s use of the going concern basis of accounting and bas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed on the audit evidence obtained, whether a material uncertainty exists r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;elated to events or conditions that may cast signiîcant doubt on the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;âs and the P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;arent Companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s ability to continue as a going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oncern. If we conclude that a material unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ertainty exists, we ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equired t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;o draw attention in our auditorâs r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport to the relat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed disclosures in the Financial Statements or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, if such disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es are inadequate, to modify our opinion. Our conclusions ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e based on the audit evidence obtained up to the dat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e of our auditorâs r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport. However&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;, futur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e events or conditions may cause the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;oup or the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ent Company to ceas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e to continue as a going concern.â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Evaluate the over&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;all presentation, structur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e and content of the Financial Stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements, including the disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;es, and whether the Financial Statements r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;epresent the underlying transactions and events in a manner that achieves fair pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esentation.â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Obtain suîcient appropriat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e audit evidence r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;egarding the înancial, envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onmental, social and governance information of the entities or business activities within the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup to expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ess an opinion on the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements and the Envir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onmental, Social and Governance Data. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e are r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for the dir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ection, supervision and performanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup audit. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e remain solely r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for our audit opinion.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e communicate with those charged with governance r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;egarding, among other matters, the planned scope and timing of the audit and signiîcant audit îndings, including any signiîcant deîciencies in internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol that we identify during our audit.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e also provide thos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e charged with governance with a statement that we have complied with r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;elevant ethical requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ements r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;egar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ding independence, and to communicat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e with them all r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elationships and other matters that may r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;easonably be thought to bear on our independence, and wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e applicable, related safeguar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ds.F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;rom the matters communicat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed with those charged with governance, we determine those matters that wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e of most signiîcance in the audit of the Financial Statements of the curr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent period and are ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;efor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e the key audit matters. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e describe these matters in our auditorâs r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport unless law or regulation pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecludes public disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e about the matter or when, in extr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;emely rar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e circumstances, we determine that a matter should not be communicated in our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport because the adverse cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equences of doing so would r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;easonably be expected to outweigh the public inter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;est beneîts of such communication.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
   <arr:AuditorsReportOnXbrlTagging contextRef="ctx-2" id="pp-value436" xml:lang="en">As part of our audit of the Financial Statements we perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormed proc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;edures to expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ess an opinion on whether the Annual Report of Novozymes A/S f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or the înancial year January 1 to Dec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ember 31, 2020 with the îlename NOV&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;OZYMES-2020-12-31.zip is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epared, in all mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;erial respects, in compliance with the C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ommission Delegated Regulation (EU) 2019/815 on the Eur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;opean Single Electr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onic F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ormat (ESEF Regulation) which includes r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements relat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed to the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eparation of the Annual R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport in XHTML format and iXBRL tagging of the C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;onsolidated Financial Statements.Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsible for preparing an Annual Report that c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;omplies with the ESEF Regulation. This r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esponsibility includes:â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;The preparing of the Annual R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport in XHTML format;â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;The selection and application of appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eof to elements in the taxonomy&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;, for all înancial information r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to be tagged using judgement wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e necessary;â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Ensuring consistency between iXBRL tagged data and the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;esented in human-readable format; andâ¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;or such internal control as M&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;anagement determines necessary t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o enable the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eparation of an Annual R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eport that is compliant with the ESEF R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;egulation.Our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibility is to obtain r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;easonable assuranc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e on whether the Annual Report is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epared, in all mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;erial respects, in compliance with the ESEF R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;egulation based on the evidence we have obtained, and to issue a r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport that includes our opinion. The nature, timing and extent of pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ocedures select&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed depend on the auditorâs judgement, including the assessment of the risks of material departur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om the requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ements set out in the ESEF Regulation, whether due t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o fraud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;. The pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ocedures include:â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _d"/&gt;esting whether the Annual Report is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epared in XHTML f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ormat;â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Obtaining an understanding of the companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s iXBRL tagging process and of internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ol over the tagging process;â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Evaluating the complet&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;eness of the iXBRL tagging of the Cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olidated Financial Statements;â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Evaluating the appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;opriateness of the companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;s use of iXBRL elements selected fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om the ESEF taxonomy and the creation of extension elements wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;e no suitable element in the ESEF taxonomy has been identiîed;â¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Evaluating the use of anchoring of extension elements to elements in the ESEF taxonomy; andâ¢ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _62"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/&gt;Reconciling the iXBRL tagged data with the audited C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onsolidated Financial Statements.In our opinion, the Annual Report of Novozymes A/S for the înancial year J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anuary 1 to December 31, 2020 with the île name NOV&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;OZYMES-2020-12-31.zip is prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;ed, in all material r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/&gt;espects, 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">529900T6WNZXD2R3JW38</gsd:LegalEntityIdentifierOfReportingEntity>
   <gsd:NameOfReportingEntity contextRef="ctx-2" xml:lang="en">Novozymes 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">10007127</gsd:IdentificationNumberCvrOfReportingEntity>
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