RVBA-SGA

Sandoz Group AG — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2024· 16 events

Primary: Manufacturing energy efficiency & site certificationsData confidence — high

Nine sites covered by ISO 14001 and six by ISO 50001. Launched energy audit program for manufacturing sites in 2024 to inform 2030/2035 decarbonization plans. Kundl achieved 40,000 MWh/year energy savings via fermenter geometry improvements with Graz University. Hyderabad office achieved LEED platinum.

sustainability_report p.34

Zero waste to landfill by 2030Data confidence — high

Commitment to zero waste to landfill by 2030; 75% of 16 sites in scope are zero waste to landfill in 2024.

sustainability_report p.33

Multi-year transformation program launchedData confidence — high

Sandoz launched multi-year transformation program in 2024 to simplify organizational structure. USD 233m transformation costs in 2024. Internal sites reduced from 18 to 15.

sustainability_report p.95

Renewable PPAs and hydropower for European opsData confidence — high

Sandoz uses 100% renewable electricity at manufacturing sites in Austria and Brazil. Kundl (Austria) sources electricity from renewables since 2014, with 95% from hydropower in 2024 plus wind and photovoltaics. India share of renewables is increasing. Final stages of securing renewable PPAs to further decarbonize European operations. Also joined Schneider Electric's Energize program (PSCI-endorsed) to help suppliers access renewable electricity procurement.

sustainability_report p.34

Dependent: AMR-aligned wastewater treatmentData confidence — high

Targeting PEC/PNEC<1 for active pharmaceutical ingredient discharge at all manufacturing and API supplier sites by 2030; 84% of wastewater by volume compliant in 2024. Kundl was first Sandoz site to achieve BSI's international AMR standard in 2023; Pallafols and Lendava under assessment.

sustainability_report p.34

Acquired Cimerli biosimilar businessData confidence — high

Acquired US Cimerli (biosimilar ranibizumab) from Coherus BioSciences for upfront USD 170m + USD 18m adjustment. Goodwill USD 148m.

sustainability_report p.113

China business divestment to AspenData confidence — high

Swap of Sandoz China legal entity with Aspen's surgical anesthesia portfolio plus cash. Pre-tax gain of USD 36m.

sustainability_report p.113

Gender balance in senior leadership by 2030affects workforce management female pctData confidence — high

Long-term goal: 50% gender balance in senior leadership by 2030 (buffer 45-55%); targets embedded in LTPP for executives.

sustainability_report p.39

Dependent: Supply chain decarbonization (Scope 3 cat 1)Data confidence — high

Supplier emissions account for majority of Sandoz's footprint. Engaged key suppliers in 2024 to agree emissions reduction action plans; all supplier contracts now include updated ESG requirements. Built Scope 3 monitoring methodology, trained category managers, ran supplier workshops, and joined Schneider Electric Energize program to help suppliers procure renewables.

sustainability_report p.35

Primary: Antibiotics vertical integration with lactose substitutionData confidence — high

USD 200m Kundl penicillin capacity expansion (+20% vs 2023, 2× vs 2021). Since spring 2024, lactose (cheese by-product) replaces other sugar sources for penicillin fermentation, strengthening regional supply and cutting transport CO2. Biosol bio-fertilizer from fungal mycelium distributed since 1981.

sustainability_report p.36

Commitment letter submitted to SBTiaffects scope 1 co2eData confidence — high

In January 2024, submitted Commitment Letter to SBTi for near-term science-based targets aligned with 1.5°C. Validation targeted by January 2026. Net-zero by 2050.

sustainability_report p.34

Zero water quality impact target by 2030Data confidence — high

PEC/PNEC ratio <1 for manufacturing sites and API supplier sites in scope by 2030. 84% of wastewater compliant in 2024.

sustainability_report p.33

Sandoz Rewards Commitments — pay equity & living wageData confidence — high

All employees covered by annual pay equity studies and living wage studies by end of 2025, achieved one year ahead. External pay transparency by 2027.

sustainability_report p.38

Scope 3 expanded to add 4 new categoriesaffects scope 3 co2eData confidence — high

Added employee commuting, downstream transport, processing of sold products, and end-of-life treatment categories in 2024 — increased transparency.

sustainability_report p.175

Dependent: Logistics modal shift from air to seaData confidence — high

In 2024, worked with logistics suppliers to shift shipping from air to sea, reducing shipping costs by USD 3.6 million and CO2e logistics emissions by 10,000 tonnes.

sustainability_report p.34

Primary: Packaging redesign via Design-to-Sustainable-ValueData confidence — high

Introduced 'Design-to-Sustainable-Value' workstream in 2024 examining key products with material and emissions reduction opportunities. Product Carbon Footprint analysis identified products where packaging drives significant lifecycle emissions; actively investigating ways to improve.

sustainability_report p.35

2023· 2 events

Spin-off from NovartisData confidence — high

Sandoz became an independent publicly traded company through pro rata distribution by Novartis on October 4, 2023, trading under SDZ on SIX Swiss Exchange.

sustainability_report p.105

Kundl site first to achieve BSI AMR standardData confidence — high

Kundl became first Sandoz site to meet BSI international standard on Minimized Risk of AMR. Target: all relevant sites certified by 2030.

sustainability_report p.36