Third Party Risk Management (TPRM) is the means by which Novartis manages risk when interacting with third parties, such as suppliers of goods and services.

Implemented globally across Novartis in 2019, TPRM allows us to better assess and effectively manage third-party risk exposure. In addition, it fosters collaboration with third parties that share and uphold our values and ethical principles.

TPRM enhances our capability to build and protect value for our stakeholders, including our patients, and advances the broader interests of society as a whole.

How does TPRM work

How does TPRM work

Risk areas covered by TPRM

TPRM Areas

Third-parties in scope

  • Suppliers
  • Business development and licensing deals
  • Mergers and acquisitions

A further scope expansion for distributors and wholesalers on the sales side is planned in 2022.

Governance

TPRM Governance Graphic