Protecting
health, safety and the environment is an integral part of business strategy in
all Divisions and Business Units. In 2005, targets
were set for occupational accidents as well as energy efficiency, demonstrating
our focus on these areas. Both targets were successfully met. Novartis improved
its energy efficiency by 5%. The lost time accident rate decreased to 0.44 last
year, from 0.48 in 2004. However we deeply regret
the deaths of two Novartis associates in traffic-related accidents during 2005.
We extend our condolences to their families.
RISK
MANAGEMENT Novartis HSE risk portfolios are developed
on a bottom-up, science-based approach. Since 1997, Novartis sites have developed
local risk portfolios that are consolidated at a Group level, into a global HSE
risk portfolio. During 2005, more than onethird of the priority risks identified
in the 2004 risk portfolio were reduced as a result of measures taken. Action
plans for all remaining prioritized risks have been developed and are currently
being implemented. Locally, Novartis faces a variety
of risks that could also have an impact on business processes, and thus affect
patients, customers or shareholders. To ensure management control and strengthen
resilience to disruptions, Novartis has implemented a framework for risk management
based on international standards. This framework allows us to anticipate incidents
that could affect mission-critical functions and processes for the organization
– and to apply necessary remedial measures. For remaining business risks, continuity
plans |