Novartis Pension Funds
Novartis Pension Funds, part of the renowned Novartis Group, is headquartered in Switzerland (CH) and serves as a pivotal player in the pension fund industry. Established to provide comprehensive retirement solutions, the fund primarily operates within the pharmaceutical and healthcare sectors, reflecting the core business areas of its parent company. Since its inception, Novartis Pension Funds has achieved significant milestones, ensuring financial security for its members through prudent investment strategies and risk management. The fund offers a range of unique services, including tailored pension plans and investment options that cater to the diverse needs of its beneficiaries. With a strong market position, Novartis Pension Funds is recognised for its commitment to sustainability and responsible investing, making it a trusted choice for employees within the Novartis ecosystem and beyond.
DitchCarbon Score
How does Novartis Pension Funds's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Novartis Pension Funds's score of 41 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Novartis Pension Funds's reported carbon emissions
In 2023, Novartis Pension Funds reported total carbon emissions of approximately 500,100 kg CO2e, which includes 48,500 kg CO2e from Scope 1 and about 1,409,300 kg CO2e from Scope 3 emissions. This marks a significant focus on managing their carbon footprint, particularly in Scope 3, which encompasses indirect emissions from the value chain. In 2022, the total emissions were significantly higher, with about 104,000,000 kg CO2e, comprising 14,131,000 kg CO2e from Scope 1 and 89,842,000 kg CO2e from Scope 2. The Scope 3 emissions for that year were approximately 40,699,000 kg CO2e, indicating a substantial reliance on indirect emissions sources. Despite these figures, Novartis Pension Funds has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The organisation's emissions data reflects a growing awareness of climate impact, but further commitments may be necessary to align with industry standards for sustainability and carbon neutrality.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 14,131,000 | 00,000 |
| Scope 2 | 89,842,000 | - |
| Scope 3 | 40,699,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Novartis Pension Funds is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
