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Public Evidence Profile

Novo Nordisk A/S

CountryDenmark
Index EditionRECI Global Index 2026 — V1
Updated3 April 2026
StatusPublished
RECI Score
80.0
Gold
Executive Summary

Novo Nordisk is an ESG governance and transparency frontrunner — first CSRD-compliant filer with 152-page ESRS sustainability statement, CDP A List, 25% STIP weight on sustainability (CEO demonstrably penalised), and ISO 14001 across all production facilities. Operational programmes include Suppliers for Zero (1,800+ committed to RE), Maersk cold chain partnership, ReMed device take-back, and Kalundborg biogas industrial symbiosis. Downgraded from Platinum due to absence of green bonds despite Aa3/AA ratings, VP-level sustainability lead (not C-suite), and emissions expected to grow until ~2030 as GLP-1 capacity expansion outpaces decarbonisation.

Technical assessment based on primary disclosures

Primary Data Source

Public Disclosure
Novo Nordisk Annual Report 2024 (first CSRD-compliant); CDP Climate Change A List; Deloitte Limited Assurance (ESRS); Sustainability Essentials 2024

Assurance Verification

Limited Assurance
Deloitte (CSRD Sustainability Statement, ISAE standards)

Benchmarking Confidence

High-Medium Confidence
RECI Technical Methodology v2.4

Pillar Performance

Top:Transparency & Disclosure
Gap:Financial Controls

Assessment

Pillar Performance

Pillar 1
Integrated4

Governance Chassis

L1L2L3L4L5
Pillar 2
Integrated4

Data Infrastructure

L1L2L3L4L5
Pillar 3
Integrated4

Financial Controls

L1L2L3L4L5
Pillar 4
Integrated4

Operational Linkage

L1L2L3L4L5
Pillar 5
Integrated4

Risk Radar

L1L2L3L4L5
Pillar 6
Integrated4

Assurance Depth

L1L2L3L4L5
Pillar 7
Integrated4

Transparency & Disclosure

L1L2L3L4L5

Index Disclaimer

RECI public scores are benchmark indicators derived from our interpretation of publicly available evidence at the time of review. They are not credit ratings, ESG ratings, certifications, or assurance statements. Scores reflect the four-stage governance process: AI analyst draft, senior ESG practitioner review, final record approval, and management calibration.