Driving responsible growth, new opportunities for shared success
Givaudan announced today the publication of its 2016 Sustainability Report in accordance with the Global Reporting Initiative’s G4 Sustainability Reporting Guidelines, the most widely used sustainability reporting standard in the world.
2016 performance highlights:
- Eco-efficiency performance progressed against 2020 targets
- CDP score of A- at the Leadership Level; a country leader for Switzerland
- Gold-level rating in the EcoVadis assessment
- Introduction of industry’s first Responsible Sourcing policy
- Celebrating 10 years of Ethical Sourcing and TasteTrek® Citrus
- Inauguration of NATEMA natural processing plant in Madagascar
The newly published report is the reflection of progress made for the year ending on 31 December 2016, the first of a five-year roadmap to 2020 which integrates sustainability in the Company’s business model and its strategy of ‘Responsible Growth. Shared Success.’
In line with this commitment, Givaudan is moving towards an integrated reporting strategy. The 2016 report represents a step on this journey. For the first time, some of the GRI indicators are published in the Annual Report only; for the full picture of Givaudan’s sustainability activities it is recommended to read both of these complementary reports.
Gilles Andrier, CEO, said: “2016 was a year of significant progress for Givaudan in setting new standards on the road to greater sustainability. We continued to innovate with products and processes that contribute to reducing our environmental footprint, pushed forward our work in sustainable sourcing practices, and performed well against tough new targets for cutting greenhouse gas emissions.”
Givaudan continued its excellent track record on eco-efficiency in 2016, achieving an overall ranking of A- at the Leadership level under CDP’s newly introduced scoring system. The company was also ranked as a country leader for Switzerland. Givaudan remains committed to meeting the full criteria of the Leadership level programme, which is designed to encourage companies to be more ambitious in their response to climate change.
Green chemistry is an innovative response to the need for reducing environmental damage in the process of producing ingredients. Thanks to its expertise in green chemistry and techniques such as biocatalysis, Givaudan is able to produce ingredients high in purity while using less energy and fewer hazardous materials.
In October 2016, Givaudan published its Responsible Sourcing policy, a first for the flavour and fragrance industry. Covering key supply chain aspects of health and safety, social, environmental and business integrity, the policy will enable our customers to best respond to consumer demand for greater transparency in these areas.
Givaudan’s 2016 Sustainability Report is independently assured by EY LLP.
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 4.7 billion in 2016. Headquartered in Switzerland with local presence in over 95 locations, the Company has more than 10,000 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
For further information please contact
Peter Wullschleger, Media and Investor Relations
T +41 22 780 9093