Corporate Philanthropy - Best Practices at Novartis AG

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"One vital way of improving health conditions for poor people of the world is to establish strong partnerships involving all parties - governments, NGOs, the private sector and international organizations. The cooperation between The World Health Organization (WHO), the Novartis Foundation for Sustainable Development (NFSD) and Novartis to eliminate leprosy exemplifies this form of partnership."¹

- Paul Hunt, UN Special Rapporteur on the Right to Health, in 2004.

"We are committed to applying our core strengths in discovering, developing, producing and distributing high quality medicines to ensure that patients around the world receive the treatments they need."²

- Dr. Daniel Vasella, Chairman and CEO, Novartis, in 2005.

Introduction

In December 2005, Switzerland-based pharmaceutical giant Novartis AG (Novartis) received the 'Business Ethics Award 2006' by German Business Ethics Network, for implementing the principles of the Global Compact across the company (Refer Exhibit I for The Principles of the Global Compact). The award recognized the activities of the Novartis Foundation for Sustainable Development (Novartis Foundation), which provided a link between the company and society, by bringing out issues pertaining to development policies and bringing external views to the attention of Novartis. In February 2005, Novartis AG received the '2005 Excellence in Corporate Philanthropy award.'

The award was given by the Committee to Encourage Corporate Philanthropy (CECP) in recognition of Novartis' efforts that benefited millions of poor patients across the world. CECP gave the award to companies that had demonstrated executive commitment and innovation in corporate philanthropy. In the year 2004, Novartis spent over US$ 570 million on philanthropic activities through a program called 'Access to Medicines'.

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1] Novartis Foundation for Sustainable Development Celebrates 25th Anniversary with Symposium on the "Right to Health: A Duty for Whom?"www.novartisfoundation.com, December 02, 2004.

2] "Novartis Receives Top Philanthropy Award,"www.unglobalcompact.org, February 28, 2005.