Novozymes

Novozymes, a Chemicals nec company based in Denmark, reported total carbon emissions of approximately 1.35 billion kg CO2e in 2025. This included about 106.9 million kg CO2e from Scope 1 emissions, approximately 52.4 million kg CO2e from Scope 2 market-based emissions, and around 1.0 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions in 2025 were primarily driven by purchased goods and services (approximately 1.0 billion kg CO2e), followed by upstream transportation and distribution (approximately 113.9 million kg CO2e), fuel and energy-related activities (approximately 39.4 million kg CO2e), business travel (about 19.4 million kg CO2e), and waste generated in operations (around 13.7 million kg CO2e).

In 2024, Novozymes's total carbon emissions were approximately 1.38 billion kg CO2e, with Scope 1 emissions at approximately 93.5 million kg CO2e, Scope 2 market-based emissions at about 88.6 million kg CO2e, and Scope 3 emissions at around 1.2 billion kg CO2e. Looking back to 2023, the company's total emissions were approximately 787 million kg CO2e, comprising around 40 million kg CO2e in Scope 1, approximately 103 million kg CO2e in Scope 2, and about 644 million kg CO2e in Scope 3.

Novozymes is committed to ambitious climate targets. The company aims to achieve net-zero GHG emissions across its value chain by 2050, using a 2018 baseline. This long-term commitment includes reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2018 base year, and absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, and business travel by 90% within the same timeframe.

For near-term targets, Novozymes commits to reduce absolute Scope 1 and 2 GHG emissions by 75% by 2030 from a 2018 base year. They also plan to increase annual sourcing of renewable electricity to 100% by 2025, maintaining this level through 2030, from 37% in 2018. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, and business travel by 35% by 2030 from a 2018 base year. These targets are validated by the Science Based Targets initiative (SBTi) and are classified as consistent with reductions required to keep warming to 1.5°C.