(Novozymes is one of numerous top renewable energy stocks covered in the Progressive Investor newsletter.)
Leading cleantech company Novozymes (NVZ.L) announced that it has become a founding member of The Sustainability Consortium.
The Consortium is a diverse group of academics, governments, non-government organizations and businesses with a stated mission to drive a new generation of consumer products and supply networks that address environmental, social and economic imperatives.
Founding members include Dell (Nasdaq: DELL), Disney (NYSE: DIS), Wal-Mart (NYSE: WMT), BASF (BAS.DE) and World Wildlife Fund.
The Sustainability Consortium is jointly administered by Arizona State University and the University of Arkansas.
Novozymes uses the power of bioinnovation to help increase product quality and yields while reducing consumption of scarce natural resources, water and energy. The company’s unique approach applies nature’s own machinery (enzymes and microorganisms) to industrial processes, pharmaceuticals and consumer goods to make them more sustainable.
“Society must find new ways to meet the needs of a growing population while reducing our impact on the environment,” said Claus Stig Pedersen, head of sustainability at Novozymes. “In short, we must produce more with less. Our goal in working with The Sustainability Consortium is to help develop the tools, metrics and strategies that will create more sustainable consumer products for the future.”
Novozymes has received a number of recognitions for its sustainability performance with inclusion on such lists as: the Dow Jones Sustainability Index, FTSE4Good Global and Europe indexes and the SB20 list by SustainableBusiness.com.
In November 2009, The Sustainability Consortium joined Duke University and the World Resources Institute in launching a global survey of ecolabeling organizations. The end result was the 2010 Global Ecolabel Monitor–a report and searchable online database to help companies and consumers navigate the “green” claims of different environmental certifications and labels.
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