Risks in 2021
Our risk portfolio covers 20 risks. Of these, seven are categorized as strategic, nine as operational, and the remaining four as emerging. In addition, we have identified four awareness topics.
Overall, our 2021 risk portfolio is broadly consistent with the previous year. “Sandoz business transformation” was added as a new strategic risk in 2021, reflecting the increasingly competitive environment for generic medicines. Additionally, “facility and workplace safety” was renamed “occupational health and workplace safety” in 2021 to incorporate aspects of the post-pandemic working environment – such as employee well-being – that were identified as an emerging risk in 2020.