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Novo Annual Review 2016
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c orporate social responsibility (
csr
) is an integral part of
novo
a/s? value-based heritage.
novo
is a wholly owned subsidiary of the
novo
nordisk
foundation
. the vision of the
foundation
is to contribute significantly to research and development that improve the health and welfare of people. in 2016, the
foundation
awarded more than dkk 4 billion, primarily for research and diabetes treatment at public research institutions and hospitals as well as for humanitarian and social purposes. in recent years, the
foundation
has become one of the largest private contributors of funding to biomedical and biotechnological research in the danish public sector.
novo
is responsible for managing the
foundation
?s assets. the mission of
novo
is: ? to ensure that the
foundation
receives sufficient dividends to cover its grants. ? to ensure that the
foundation
obtains a competitive return on its holdings in
novo
nordisk a/s and
novo
zymes a/s, as well as from the other companies and financial assets in which
novo
invests. ? to support the application of life sciences by investing in seed and venture portfolio companies. ? to maintain the charter for companies in the
novo
group the charter describes a shared set of values that all companies in the
novo
group must comply with. this includes that the companies must strive to make sure that company products and services make a significant difference to improve the way people live and work. it also includes continuous improvement on financial, environmental and social performance. reporting on
csr
for 2016,
novo
has selected four
csr
focus areas that represent the most important areas in which
csr
can impact the company's overall business performance. for each focus area,
novo
reports its policies, activities and the effect of these activities. to align our
csr
reporting with our overall business performance,
novo
re-evaluates and, if necessary, adjusts the focus areas, policies and activities each year. corporate social responsibility
novo
a/s 2016 54
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