Responsible investments

Responsible investments at Novo Holdings

Aspiration "To be a leading responsible investor, recognised for delivering strong financial returns and positive societal impact."


We seek to invest in companies that take ESG measures seriously and continuously work to improve financial, environmental and social performance, as well as advancing positive societal impact.

As owners and shareholders, we work proactively with our portfolio companies to raise the bar for sustainable business practices. Further, Novo Holdings is committed to conducting our tax affairs in a robust and transparent manner, which is outlined in our Tax Policy.

Societal Impact

How we work to create societal impact

As a leading life sciences investor, we have a unique opportunity to drive positive societal change. We have a strong preference for investing in companies and assets that can improve the health of society and champion sustainable consumption and production. We align our focus areas to the UN Sustainable Development Goals to ensure that we are acting to meet the critical needs of people, society and the planet.

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Our purpose

Investing with a purpose

The purpose of Novo Holding is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.

Learn more about our ownership structure.
Responsible Investments Approach

By explicitly integrating Environmental, Social and Governance (ESG) considerations and societal impact into our investment strategy, processes and engaged ownership activities, we believe that we will both generate better long-term returns and deliver positive societal impact.

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Responsible Tax

At Novo Holdings, we see it as an integral part of being a responsible long-term investor to conduct our tax affairs in a robust and transparent manner. Our commitment and diligence towards tax affairs are stated in our Tax Policy, which governs all taxes paid by Novo Holdings and applies to both direct and indirect investments.

Read more about our tax policy