Novartis named one of the “World’s most ethical companies” for the third consecutive year

Novartis was named one of the four most ethical pharma and biotech companies on Ethisphere's 2009 World's Most Ethical Companies list for the third consecutive year. Ethisphere is a think tank dedicated to best practices in business ethics, corporate social responsibility and anti-corruption. 

After studying over 10 000 of the world's leading companies in 100 countries and 35 industries, Ethisphere analysts concluded that Novartis should be one the 99 finalists included on the list of the "World's Most Ethical Companies." Other companies in the pharma and biotech sector receiving the designation were AstraZeneca, Novozymes and Novo Nordisk.

"This year again, Novartis is honored to be named one of the World's Most Ethical Companies," said Thomas Wellauer, Head of Corporate Affairs, and member of the Executive Committee of Novartis. "This award underscores our commitment to benefit societies by operating in a socially, environmentally and economically responsible way. Being a good corporate citizen means that we take on societal challenges in areas in which we are competent, helping where most needed while adhering to high ethical standards."

The 2009 World's Most Ethical Companies methodology committee was comprised of leading attorneys, professors, government officials and organization leaders. Ethisphere analysts reviewed codes of ethics, litigation and regulatory infraction histories; evaluated investment in innovation and sustainable business practices; looked at companies' activities to improve corporate citizenship; studied nominations from senior executives, industry peers, suppliers and customers; and worked with consumer action groups for feedback.

"The competition for this year's World's Most Ethical Companies was very strong and we applaud Novartis for rising to the top," said Alex Brigham, Executive Director of the Ethisphere Institute. "Novartis recognizes that being ethical is not only the right thing to do, it is also good business practice and leads to more successful and profitable operations."

Visit the Ethisphere website to learn more