At Novartis we hold ourselves to high ethical standards. Our Code of Ethics outlines the values and behaviors for our associates, while our Third Party Code (PDF 0.3 MB) defines the standards we require our third parties to adhere to.
Novartis promotes the societal and environmental values of the United Nations Global Compact and United Nations Guiding Principles on Business and Human Rights to its Third Parties and uses its influence where possible to encourage their adoption. In order to achieve this, Novartis has developed a Third Party Risk Management (TPRM) framework that supports the assessment and management of risks related to the engagement of third parties. By understanding third party risk exposure and managing it effectively, we protect our patients, the company and shareholders against adverse impacts such as regulatory, financial, or reputational damage.
TPRM is an integral part of the Ethics, Risk and Compliance (ERC) function at Novartis.