The Stakeholder Engagement Manual Volume 2 - AccountAbility
The Stakeholder Engagement Manual Volume 2 - AccountAbility
The Stakeholder Engagement Manual Volume 2 - AccountAbility
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Novozymes' Partnerships in China:<br />
STAGE 2<br />
Expanding a company’s business activities into China brings unique challenges, especially for companies from the western<br />
hemisphere. <strong>The</strong> different cultural, economic and regulatory environment in China poses unique challenges. Also, China faces<br />
huge pressure in balancing economic growth with environmental and social development. Danish biotech company Novozymes has<br />
taken cooperative approaches to managing such challenges and to make the most of the Chinese business environment.<br />
For example, Novozymes has teamed up with various Chinese and foreign businesses to set up the China Business Council for<br />
Sustainable Development (CBCSD) in January, and currently holds the vice presidency. This gives Novozymes in the opportunity of<br />
understanding the link between economic growth and sustainable development in China. Novozymes and all of the other involved<br />
companies have undertaken to promote sustainable business practice in China. <strong>The</strong> CBCSD is affi liated to the World Business<br />
Council on Sustainable Development.<br />
Another example are Novozymes various partnerships with Chinese universities. <strong>The</strong>se help Novozymes to draw on China’s<br />
longstanding tradition in microbiology. In practice, this often involves Chinese students from e.g. Yunnan University in Southern<br />
China working together with researchers in Novozymes’ laboratories. Novozymes also invites customers to work with them to<br />
increase knowledge of different enzymes and allow them to infl uence the development of solutions to meet their needs. In the<br />
longer term, Novozymes expects these engagements with customers and universities to help identify completely new enzyme<br />
applications that are directly suitable for the large Asian market.<br />
SUGGESTED METHODOLOGY M8:<br />
BUILDING STAKEHOLDER PROFILES<br />
Th e purpose of this activity is to build up profi les of stakeholder representatives, their<br />
expectations, preferred levels of engagement, and their potential impacts.<br />
Identify potential representatives for the stakeholder groups that you have<br />
identifi ed.<br />
• Consider the stakeholders you are already engaging with (identifi ed in<br />
previous step), and those that you have come across in your previous research<br />
and analysis.<br />
• You also have the option of ‘spreading the word’ that you are looking for<br />
engagement partners as wide as possible. You may want to launch articles in<br />
industry or issue specifi c magazines – asking stakeholders who are willing to<br />
engage to approach you. Th is pre-empts the criticism that you are only dealing<br />
with ‘the same old stakeholders representatives’ who never push you hard.<br />
However, if you do this, make sure you have the resources to at least reply to all<br />
stakeholders that approach you.<br />
Use the table above as guidance in learning as much as you can about the<br />
stakeholder representatives. Visit their websites, read their reports, investigate<br />
others’ opinions. Talk to people internally and externally who have been in touch<br />
with these stakeholders. You may also want to have some initial conversation with<br />
stakeholders, but be careful not to create any false expectations at this Stage.<br />
Summarise your understanding by fi lling in parts of the summary Template 8<br />
(next page) for each stakeholder representative that you are already engaging<br />
with, or for those that you are considering seriously.<br />
THE PRACTITIONER'S HANDBOOK ON STAKEHOLDER ENGAGEMENT | 67