Novonesis' "Circular Plastics" initiative focuses on minimizing plastic waste through biosolutions aimed at sustainable plastic production and recycling. Innovations include enzymatic recycling of PET plastics and the development of biodegradable PLA plastics, supporting a circular economy. Despite these efforts, less than 10% of the 7 billion tonnes of plastic ever created has been recycled, and global plastic consumption is expected to triple by 2060. Carbios' enzymatic recycling facility, supported by Novonesis, aims to process 50,000 tons of PET annually by 2025. Additionally, 100% compostable PLA plastics have been developed for food-grade packaging.

The "Our Climate Journey 2023" report by Novonesis details their commitment to achieving net zero emissions by 2050. The company targets a 50% reduction in carbon emissions by 2030 and utilizes biotechnology to reduce over 10 million tons of CO2 annually. Novonesis also emphasizes sustainable practices, including carbon capture, green energy, and sustainable agriculture, and has achieved 100% renewable energy usage at its production sites.

The "Legacy Novonesis Full Year 2023 Factsheet" reports a 5% organic sales growth and an EBIT margin of 25.4%. The company achieved a 16.5% return on invested capital (ROIC) before special items. EBIT before special items ranges from 23.4% to 26.6% (DKKm). Notable growth areas include bioenergy, agriculture, and food & beverages, with significant market presence in North America and Europe.

Novonesis' "Accelerate" initiative aims to achieve climate neutrality through biosolutions by reducing carbon emissions, promoting circular plastics, and developing sustainable agriculture practices. The initiative supports the Paris Agreement’s goal of limiting global warming to 1.5°C and aims to reduce global emissions from 55 billion to 8.5 billion tonnes of CO2 by 2050.