Novartis in Society Integrated Report 2022
The Novartis in Society Integrated Report covers our business, strategy and performance. It highlights progress against our ESG targets and describes how we create value for diverse stakeholders.
Impact & Health Equity Update 2023
At our tenth annual ESG investor event, we shared updates on our two most material topics, Innovation and Access to Medicines, as well as how Novartis is preparing to meet upcoming reporting guidelines.
Building Trust with Society
Building trust with society is a key pillar of the Novartis corporate strategy and is critical to delivering on our purpose of reimagining medicine to improve and extend people’s lives. Our ESG efforts are integrated across the company and are key to driving long-term value for our stakeholders.
We believe a focus on our material ESG topics, coupled with our inspired, curious and unbossed culture will drive better performance. ESG topics form a core component of how the Novartis Executive Committee and the Board of Directors evaluate long-term performance of the company. We are committed to reporting transparently on these topics through our Annual Reporting Suite, which includes the Novartis in Society Integrated Report (PDF 8.7 MB), as well as our other Publications.
We are committed to bringing more of our medicines to more people, no matter where they are.
We apply our expertise and full organizational capability to address major, unresolved global health challenges.
Ethics, Risk and Compliance
To meet the expectations society has of our industry, we strive to maintain high ethical standards, manage risk effectively and ensure we comply with applicable laws and regulations.
We understand the link between the health of our planet and the health of our patients. We are making progress in reducing the environmental impact of our operations in line with our short- and long-term targets.
Diversity, Equity & Inclusion
We embrace and champion diversity, equity and inclusion which fuels innovation, drives engagement, and attracts talent.
We aim to conduct business responsibly wherever we operate with a focus on building a strong ethical foundation, respect for human rights, patient health and safety, diversity, equity and inclusion and the safety and well-being of our employees. We have clear commitments on many other social topics including the living wage, product quality and use of animals in research.
Staying one step ahead of the malaria parasite
Thierry Diagana and his team are on a quest to discover new therapeutics for malaria. He believes malaria elimination is within our grasp, but emerging drug resistance could jeopardize the hard-fought progress.
Doing the right thing is good business
Lutz Hegemann shares how lessons learned treating patients with leprosy influenced the way he thinks about the pharmaceutical business.
Materiality Assessment and Impact Valuation
Our ESG priorities are defined by our materiality assessment, it helps us understand what matters to our stakeholders and how they perceive our impact.
Our corporate governance framework supports sustainable financial performance and long-term value creation and is aligned with our values and behaviors. In a rapidly changing business environment, we apply effective risk management to build resilience. We continue taking important steps to integrate our ESG agenda into the core of our business, enhancing executive accountability and measuring our performance against transparent targets. Members of the Executive Committee and other senior leaders have ESG targets in their annual objectives.
Transparent reporting has been a central part of our commitment for many years and we continue to make progress in this area.
We aim to enhance transparency and meet the needs and expectations of our stakeholders by offering access to key data on important areas of our business: payments to healthcare professionals, patient group funding, political contributions and clinical trial results.
Positions on Key Topics
As part of our ongoing commitment to transparency, we state our position on key issues affecting our business and of specific interest to our stakeholders.
Awards & Recognition
Novartis is honored to receive numerous awards for progress in research and development, our working environment, and our ESG activities.
ESG Rating Performance
Our performance against environmental, social and governance criteria is reflected in a variety of third-party ratings.
Environmental, Social and Governance (ESG) Index
Novartis aims to report comprehensively and transparently about ESG topics. We have created a set of environmental, social and governance indices to signpost where our key disclosures can be found across our publications and channels.