Givaudan renews commitment to leading climate change performance under CDP new scoring system
Givaudan is proud to announce that it has achieved an overall ranking of A- at the Leadership level and is a country leader for Switzerland in CDP’s newly introduced scoring system for 2016.
The new CDP scoring consists of four levels representing steps a company moves through as it progresses towards environmental stewardship: Disclosure, Awareness, Management and Leadership. Givaudan met the full criteria for the first three levels in 2016 and is committed to fully achieving the newly defined Leadership level in keeping with its 2020 strategy of ‘Responsible Growth. Shared Success.’
By introducing the new scoring system, CDP encourages companies to be more ambitious in their response to climate change, shifting the focus to actions and performance.
“Givaudan’s performance in reducing carbon emissions continues to be industry-leading. We fully support CDP’s ongoing efforts to increase the quality and transparency of industry disclosure and challenge companies to keep up with evolving best practices in sustainability reporting,” said Joe Fabbri, Head of Global EHS and Sustainability.
Under the former scoring system, Givaudan achieved CDP’s maximum score of 100 A in 2015. The Company has been disclosing greenhouse gas emissions through its participation in CDP since 2007.
Givaudan is committed to reducing its overall footprint, focusing on eco-efficiency for energy, carbon emissions, incinerated and land-filled waste, and municipal and groundwater. In 2015, after successfully delivering for five years on our targets and meeting some ahead of schedule, we announced a strengthening of our 2020 eco-efficiency targets. The new targets reflect our ambition to decouple growth and environmental impact. Givaudan aims to stabilise environmental impact while increasing production volumes.
For full details on our sustainability commitments and progress in 2015, please visit www.givaudan.com/sustainability/expert-corner/five-pillar-strategy-supports-all-our-sustainability-efforts and click on “Operations”.
Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that ‘engage your senses’. The Company achieved sales of CHF 4.4 billion in 2015. Headquartered in Switzerland with local presence in over 80 locations, the Company has more than 9,500 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
CDP is an international, not-for-profit organisation providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 827 institutional investors with assets of USD 100 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net to find out more.
Click here for more information on the CDP scoring 2016.
For further information please contact:
Peter Wullschleger, Media and Investor Relations
T +41 22 780 9093