Novartis reinforces its commitment to environmental, social and governance (ESG) principles and the recently announced 2025 Patient Access Targets, pricing a EUR 1.85 billion sustainability-linked bond (SLB).
The new bond is the first of its kind in the healthcare industry and the first SLB incorporating social targets. The SLB represents another step in the company’s journey to further embed ESG into the core of its business operations and to communicate progress in a consistent and transparent way.
Ambitious ESG targets
Novartis recently set new ambitious targets to increase patient reach in low- and middle-income countries by 2025. In addition, Novartis further strengthened its carbon neutrality target to aim for full carbon neutrality across its supply chain (Scope 1, 2, 3) by 2030. Read More