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 from our third parties. Novartis is committed to be a leader in key environmental, social and governance (ESG) topics, and we recognize that we must go beyond doing what is legal to meet society’s legitimate expectations.
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.