These enzyme products can reduce the use of energy, raw materials, and harsh chemicals as well as reducing waste generation. For example, enzymes can reduce the environmental impact of detergent products as they enable a lower wash temperature and reduce the use of undesirable chemicals. Another enzyme product reduces the need for chlorine in the paper and pulp industry. Novozymes has also developed an enzyme for bioethanol production, which reduces energy consumption in the production process and simultaneously gives a higher yield. The company is investing heavily in the development of second-generation biofuels made with biomass sourced from agricultural waste products. Novozymes' enzymes are non-toxic, biodegradable, and environmentally benign.
Novozymes recognizes the impact of nutrient-rich liquid generated during enzyme production and develops markets for this waste flow. Examples of these efforts are the company's non-chemical fertilizer "NovoGro" and a feed supplement for pigs. Portfolio 21 encourages Novozymes to improve the transparency of its reporting on the environmental impacts associated with its raw materials.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/13 and may not reflect current opinions or subsequent events.