Our values and commitment in procurement
At Novonesis, we are committed to fostering strong partnerships, driving sustainability, and promoting innovation through our procurement practices. Our brand stands for excellence, transparency, and collaboration.
Why partner with us?
By choosing Novonesis, you are partnering with a company that values responsible sourcing, cutting-edge technology, and strategic supplier relationships. Additionally, you gain an exceptional chance for collaboration with a global company operating in North America, Latin America, India, Europe, the Middle East & Africa, and the Asia Pacific regions.
We are a proud member of the ‘Together for Sustainability’ (TfS) industry initiative and a champion of the ‘Sustainable Procurement Program’ (SPP), affirming our commitment to responsible sourcing and sustainable practices.
Driving success together
We work closely with our suppliers to foster mutual growth. We prioritize transparency and cost-efficiency, while always striving to minimize our environmental impact. By collaborating closely with our suppliers, we aim to create a resilient and agile supply chain that supports our mission to deliver high-quality biosolutions to our customers worldwide. Join us in our mission to create a better future through sustainable procurement. You’ll become part of our dynamic network of forward-thinking partners.
Supplier management
Strong supplier relationships are the backbone of our procurement strategy. Our approach to supplier management is centered around our core values of integrity, collaboration, and innovation. By adhering to these values, we implement systematic category management to optimize costs, address common challenges, and drive sustainable supply chains.
We prioritize regular audits and performance evaluations to ensure that our suppliers meet our high standards. Collaborative planning and transparent communication are essential components of our approach. This helps us create resilient and mutually beneficial partnerships.
Category management
We take a strategic approach that focuses on optimizing costs, improving supplier relationships, and driving innovation across our supply chains. Our category management process involves a comprehensive analysis of market trends, supplier capabilities, and internal requirements. Then we develop tailored strategies for each category. By leveraging the latest market intelligence and fostering strong partnerships with our suppliers, we ensure that our procurement activities align with our overall business objectives and sustainability goals.
Categories and subcategories:
Financial information
Sustainability in procurement
At Novonesis, sustainability is a natural part of our procurement DNA. We work towards a sustainable and responsible supply chain, working collaboratively with our suppliers as well as making it a part of the end-to-end procurement process. To ensure alignment with the Novonesis goals and ensure that the way we conduct business with our suppliers is in line with environmental, social and ethical standards, all supply chain partners are expected to uphold our Business Partner Code of Conduct.
Climate action
Battling climate change is one of the biggest challenges of our time, and Novonesis has set an ambitious target of reducing its Scope 3 emissions with 35% by 2030, compared to 2018 levels.
We can’t do this alone; partnering with suppliers will be instrumental in the decarbonization journey. Through our Supplier Climate Engagement Program called PAVE to Zero, we invite our suppliers to join our journey to jointly reduce the environmental footprint of our businesses. The program is designed to have targeted engagement with our suppliers, with clear expectations as follows:
3 defined expectations towards our suppliers:
1. Take climate action
Novonesis suppliers will be expected to:
- Measure & disclose emissions
- Set GHG reduction targets
- Adopt renewable energy
2. Disclose emissions & other ESG data
Our suppliers should:
- Share Product Carbon Footprint or emission data associated with Novonesis supply
- ESG data disclosure for risk assessment
3. Collaborate on reduction initiatives
Collaborate with us to deliver low-carbon products, such through:
- Green, low carbon alternatives
- Optimization
- Innovation
Read more about Novonesis Environmental goals
Responsible Sourcing
Novonesis is a signatory to the UN Global Compact and the UN Guiding Principles on Business and Human Rights, and we conduct our activities in accordance with the OECD Guidelines for Multinational Enterprises. The Responsible Sourcing programme aims to mitigate sustainability risks by evaluating our suppliers' ESG performance as well as addressing their improvement areas. Sourcing strategies are developed in Procurement taking into account spend, country, category risk and performance aiding in the selection and evaluation of our business relationships.
To further drive our own and our suppliers' sustainability performance, Novonesis joined the Together for Sustainability industry initiative, which is building a global standard for environmental, social and governance performance. Our suppliers are screened, assessed and monitored based on a risk-based methodology either via tools, desktop assessments and/or onsite audits with a corrective action plan to improve their performance.
Sustainable procurement partnerships
Novonesis is a sponsor and member of cross-industry sustainable procurement collaborations shaping industry best practices and knowledge sharing.
SPP Champion
Together for Sustainability member
Scope 3 peer group participant