- What: The FES P&L capturing approach aims to measure the social and economic impact of Novartis’ social activities on communities.
- Scope: It is a global initiative measuring social activities of Novartis.
Novartis is exploring a FES P&L capturing approach, which is expected to enable Novartis to quantify, measure and value the social and economic impact that some of its social activities and related initiatives (e.g., in the area of healthcare systems strengthening and its Access portfolio) bring to the communities in which the company is operating. In time, this approach could also serve to assist the decision making process and prioritise projects. The former global Head of Financial Reporting and Accounting has the lead in developing FES P&L.