Category Archives: News from ADBC

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ADYP focusing on gender diversity in corporate governance

On January 21, the American-Danish Young Professionals (ADYP) and the Swedish-American Chamber of Commerce (SACC) hosted the an event at the World Bank Group focusing on diversity in corporate governance and female leadership. Good corporate governance helps firms improve performance, drive growth, manage risks, attract and retain investors, and weather financial crises.

At the event, Corporate Governance Officer from the International Financial Corporation (IFC) Loty R. Salazar and her team gave a presentation of female leadership. A growing body of research shows a range of business benefits associated with gender diversity on boards and in senior leadership. Loty and her team run a worldwide program focusing on woman on boards and in business. They are contributing to building capacity, raising awareness, and adding to the knowledge base on the value of gender-diverse boards and business leadership in emerging and frontier markets.

The audience made it an insightful experience with great discussions such as parental leave, child care, and getting themselves on senior management positions at the same time. After the presentation, the Young Professionals had a networking session to socialize and share common interests.

 

 

 

Greetings from the Ambassador

Dear Members of the American-Danish Business Council,

2019 is just about to end and what an extraordinary year it has been. The ADBC has over the years only grown stronger and increasingly influential in facilitating a common platform for Danish and American companies to engage with the political environment and amongst each other here in Washington DC. This success is largely thanks to our members and I want to express my sincerest gratitude to each and every one of you for your time, engagement in our network, and financial support this year.

Throughout more than two centuries, the United States and Denmark have solidified a remarkable and uninterrupted relationship. This relationship is based on our common values and shared objectives to increase mutual beneficial cooperation on agendas such as bilateral economic development and investments, foreign and domestic policy as well as security. I believe that strong collaboration on these vital issues forms the basis for further growth of our transatlantic relationships, and the ADBC is a clear testimonial to this great relationship. Personally, I feel incredibly privileged and humble to have had the pleasure of meeting so many new great and inspiring people in my function as Ambassador and as Chairman of the ADBC during this year.

Circling back to the economic relations between our nations, we reached a very exciting milestone in the last quarter of this year. The United States surpassed Germany and is now Denmark’s’ largest export market. This is truly impressive and speaks to the fact that the US and Denmark are being increasingly tied together through intensified trade and investments across the Atlantic. Going forward, I believe that 2020 will be another impactful year, and in the ADBC we aspire to elevate our ambitions even further. We will focus on more sector specific events as well and increased interaction with the political environment.

On a final note, I want to wish you and all of your families a wonderful holiday season. This is a delightful time of the year – a time to unwind and recharge. I am indeed very excited to have my very first American Christmas here in Washington DC, and I am looking forward to see all of you in 2020. Merry Christmas and Happy Holidays!

Yours sincerely,
Lone Dencker Wisborg
Ambassador of Denmark to the United States

Thank you for a great Christmas Reception

On thursday, December 5th, H.E. Lone D. Wisborg hosted the annual Christmas Reception at the residence in cooperation with the American Danish Business Council.

Congressional staffers, government officials, political organizations, members of ADBC and their business partners were all among the 400 participants in the celebration of the economic partnership across the Atlantic.

This year a Christmas marked and a choir welcomed all the guests outside with Danish Christmas spirit and traditional food, while guests inside the residence enjoyed live music from a jazz trio along with signature cocktails and traditional Christmas Hors d’Oeuvres.

Many thanks to all who participated and thanks to the members of ADBC for your support and for attending this delightful evening.

As we look ahead to 2020, we are excited to for what next year has to offer. The news that the US became Denmark’s largest export market in Q4 19’ will undoubtedly be a great start to another year.

 

 

 

 

2020 Transatlantic Company of the Year – Nominations Are Open!

AmCham Denmark, in partnership with the American Danish Business Council in Washington D.C., is pleased to announce the 2020 Transatlantic Company of the Year. Nominations are now open.

About the Award
The Transatlantic Company of the Year recognizes the important contributions and positive impact of Danish companies investing in the United States. The award is presented annually in order to highlight the importance of the economic ties between the United States and Denmark and to celebrate business excellence by a Danish company in arguably the most competitive market in the world.

Criteria
The Transatlantic Company of the Year is awarded to a registered Danish company invested in the U.S. that has demonstrated significant achievements within the United States, in one or more of the following areas:

  • Growth: Relative growth in turnover, employees or profitability in USA
  • Investment: Significant investments in R&D, new facilities or acquisitions in USA
  • Partnerships: Strategic partnerships in USA, with organizations, companies or government agencies
  • Innovation: Development/implementation of an innovative solution in USA
  • CSR/Sustainability: CSR programs in the USA & how they increase overall sustainability

Previous winners include:
Rambøll (2019), Siteimprove (2018), Vestas (2017), Sitecore (2016)
Gehl Architects (2015), Lundbeck (2014), Terma (2013)
Novozymes (2012), Grundfos (2011) and Novo Nordisk (2010)

The Jury
In order to ensure complete impartiality in the selection process, we have appointed an independent jury of distinguished business leaders to evaluate the applications and select the winner. Jury members include:

  • Jørgen Bardenfleth, Chairman (Lyngsoe Systems, Symbion et al.)
  • Sanna Suvanto-Harsaae, Chairman of the Board (Bo Concept, TCM, etc.)
  • Lars Sandahl Sørensen, CEO, Confederation of Danish Industry, DI

Don’t miss this unique opportunity to showcase your companies’ successes in the U.S.!
If your company is interested in being considered for this year’s award, please contact AmCham’s Therese Oliver (to@amcham.dk) for further details on the nomination process.

Nomination deadline is February 21, 2020.

The 2020 Transatlantic Company of the Year will be announced at AmCham’s Transatlantic Summit in Spring, 2020.

Note: There is no charge to submit a nomination. However, if your company is chosen as a finalist, there is an administration fee to enter the final round (DKK 7.500 or 12.000 for non-members).

Welcome to a new member – MyDefence System Integration

The ADBC would like to welcome a new member to our network – MyDefence System Integration (MDSI)

MDSI was founded in 2017 by a group of people with a strong military background in airborne combat operations and command & control. MDSI develops and integrates Mission Systems and provides Mission Services. By integrating and networking ISR capabilities in large geographical areas with AI and operational expertise, MDSI provides customized situational awareness support to both civilian and government operations.

 

United States as Denmark’s largest export market

The United States is now the largest export market for Denmark.
In the first three quarters of this year, the United States purchased Danish goods and services for 119.21 bn. DKK.According to the Confederation of Danish Industry, there has been a strong growth in exports over the past year where Danish companies have increased sales by more than 30%. The major reasons are the increases in the pharmaceutical industry and in machinery and transport equipment.
In addition to this, the US dollar has strengthened nicely this year, raising the exchange rate for the Danish companies.
Germany has historically been Denmark’s largest export market, however, recently Germany has had low growth and declining industrial production. The declining production has had consequences for Danish subcontractors.
The fact that the world’s largest economy is the largest purchaser of Danish exports is a huge achievement which not only contributes to Denmark’s GDP and employment, but is also an important seal of approval of Danish quality that can hugely benefit Danish companies and transatlantic relations in trade.

A strong relationship build on trade
Danish export is not only important for the individual company, but also for Danish society in general. Denmark’s small, open economy is heavily dependent on being able to generate exports abroad. Export and trade means both higher GDP and a higher employment rate. Danish export supports a wide range of jobs, and the Danish labour market as a whole therefore benefits from the increasing export.

A recent publication made by the Confederation of Danish Industry and the Embassy of Denmark, shows the strong economic bonds between the two countries.
In 2019, more than 123,000 jobs in the U.S. currently exist because of U.S. trade with Denmark either directly by Danish companies or by the American export of goods and services to Denmark. The three states with the largest imports from Denmark are Indiana, New Jersey and California.
California, Texas and North Carolina are the states that export the most to Denmark.

Source: Statistics Denmark and Denmark in the U.S. – Creating jobs & investments, 2019 by Published by Confederation of Danish Industry and Embassy of Denmark in the U.S.

ADYP hosts pre-departure event for American students going to Denmark

On November 8, the American-Danish Young Professionals and Study Abroad in Scandinavia (DIS) invited American university students to a pre-departure reception at the Embassy.

The reception was held for students who are going to Denmark for a semester in the spring 2020. It was an excellent opportunity for the students to meet each other and ask questions about Denmark.

The event was a great success with speeches from representatives of the Embassy, ADYP and DIS, as well as alumni from DIS who entertained with fun facts about Denmark and what to expect during their exchange program.

 

 

ADYP hosts event on innovations in Biotech and Science

On September 17, the American-Danish Young Professionals (ADYP), Swedish-American Chamber of Commerce (SACC) Norwegian-American Chamber of Commerce (NACC) and British American Business Association hosted the first event after the summer holiday focusing on innovations in Biotech and Science.

At the event, Founder & Executive Director at Sounds Affects Mona Jhaveri gave a presentation of Sound Affects as an innovative crowdfunding platform. Sound Affects supports entrepreneurs who are working on promising cancer solutions but have difficulties attracting institutional funding. Sound Affects have collaborated with musical artists in order to make public awareness of a funding gap and raise money for innovators that help prevent, screen and detect cancer. A very engaged audience made it a truly insightful experience with a great discussion of the difficulties and the potentials of the platform.

After the presentation, the all the Young Professionals had a networking session to socialize, exchange ideas, and share common interests.

 

 

 

 

ADBC dinner hosted by the Ambassador

On September 5, H.E. Lone Wisborg, Ambassador to the US, hosted a dinner for all the members of the American-Danish Business Council. The Ambassador, alongside with Co-chair, Steve Williams, greeted all guests welcome and the evening began with a drink reception where ADBC members had the opportunity to meet each other, not least the Ambassador. The ADBC had the pleasure of meeting new members of our network – welcome to all. After the reception, guests were seated in the dining room and dinner, made by the Embassy’s chef team, was served. During the dinner, H.E. Lone Wisborg, evaluated on her first month as Ambassador to the US where she provided a briefing on the Embassy’s focus in relation to bilateral trade and political affairs, as well as how the new Danish governments perceives the tasks in front of them. Moreover, Co-Chair Steve Williams gave his remarks on the benefits of the network and its ability generate value for the members when we stand together.

Thank you to all who attended this delightful evening.

Reception with the Ripon Society and ADBC in the Ambassador’s residence

Last Tuesday on July 9th, H.E. Ambassador Lone Wisborg had the pleasure of hosting a lovely evening reception together with the Ripon Society. Some of the many guests attending included multiple Congressmen and congressional staffers along with American and Danish companies from the Ripon Society as well as the American-Danish Business Council.

With an upcoming inspirational trip to Denmark later this year for approx. 300 congressional- and company representatives, including 29 Congressmen, the evening signified the great relationship between the United States and Denmark as we further develop lasting ties, creating economic opportunities and synergies across the Atlantic.

Ambassador Wisborg opened the evening by welcoming everyone to the residence and expressed her gratitude for their company. Next, Rep. Gregory Walden held a great speech stressing the excitement of their upcoming visit to Denmark, followed by Rep. Tom Reed who presented a gift of appreciation to Ambassador Wisborg.

Thank you to the many members of the ADBC who participated in making this evening one to remember.