Climate

Novartis is committed to using resources efficiently and reducing greenhouse gas（GHG）emissions，which affect the climate。Our ambition is to make the company both energy and climate resilient。

Our strategy is consistent with limiting global warming to 1.5°C above pre-industrial levels。withis commitment，we have joined theBusiness Ambition for1.5℃and have also become part ofRace to Zero单击功能区上，the UN-backed campaign led by the High-Level Champions for Climate Action.We are committed to achieving net zero by2040and have submitted and are in the process of validating our net-zero target and an update near-term target for2030，in accordance with the latest SBTi Net-Zero standard.We expect to have validated targets in 2024。

We are a signatory ofThe Climate Pledgeand a member ofRE100单击功能区上，对help accelerate progress toward 100%renewable electricity，andEV100单击功能区上，helping drive the transition to electric vehicles。

Our first priority is to reduce our demand for energy，and we have a longstanding，comprehensive energy and climate program，which aims to improve energy efficiency forall industrial and commercial operations.This program helps ensure that all major sites are routinely assessed，and investments in ergy ecast energy savings。

Novartis has set an internal carbon price of USD100per ton（t）of carbon dioxide equivalents（CO2e）。This is used to determine the financial impact of climate emissions from significant investments.Building a carbon price into investment decisions is important because it helps us to take potential impacts on climate into account，and it is more effective to build in energy efficiency from the beginnithang existang。

We are also making investments to decarbonize the energy we need by using renewable energy sources where available and feasible。

In addition，we have started to assess how climate change will affect facilities and are taking actions to improve our climate resilience and make our facilities less susceptible to extreme weather events。

To achieve our2030climate target，we need to engage with our suppliers.We have identified the climate hot spots in our value chain and have started to work with our suppliers to address these.In addition，we published the非vartis Environmental Sustainability Criteria for Suppliers（PDF0.3MB）单击功能区上，to formally communicateour Environmental Sustainability Strategy to our third-party suppliers，setting out clear objectives and deliverables，as well as details on monitoring progress。

We have also begun to investigate the carbon footprint of our key products to identify the steps we can take to minimize it.For example，we have completed生命周期进度表oftwo BREEZHALER®inhaled products。