Givaudan ranks in top 1% in 2019 EcoVadis survey
Givaudan’s score of 72 puts it in the top 1% of EcoVadis surveyed companies
Score earns Givaudan a gold rating for the 5th consecutive year
Givaudan earned particularly strong scores in sustainable procurement
Givaudan announced today that it has ranked in the top 1% of the 55,000 companies participating in the 2019 EcoVadis Corporate Social Responsibility (CSR) assessment with a score of 72/100. This result earned Givaudan a gold rating for the fifth year in a row.
“We are delighted with this acknowledgement of our unceasing drive to be a responsible company,” Gilles Andrier, CEO of Givaudan said. “The EcoVadis assessment is a strong recognition that Givaudan’s strategy ‘Responsible growth. Shared success.’ works not only in the interests of customers and shareholders, but also puts great emphasis on the growing need for a sustainable future for both society and the environment.”
The results underline Givaudan’s commitment to sustainability and the Company’s success in implementing the programmes that drive it. Sustainability ratings provider EcoVadis found that Givaudan is particularly strong in sustainable procurement, an area supported by Sourcing for Shared Value, a comprehensive approach that builds upon and further strengthens the Company’s long-term commitment to sustainable procurement practices in the three core areas of Responsible Sourcing, Sourcing at Origin and Communities at Source.
EcoVadis’s assessment serves as an evaluation of how well a company has integrated the principles of CSR into its business and management systems. It looks at criteria in the categories of environment, labour and human rights, ethics and sustainable procurement to compare the performance of companies in different sectors.
Willem Mutsaerts: “As Head of Global Procurement and Sustainability, I am particularly proud of the solid recognition for our sustainable sourcing methods. This shows the strength of our commitment and the success of our efforts to source raw materials responsibly by working with suppliers who respect people and the environment.”
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 5.5 billion in 2018. Headquartered in Switzerland with local presence in almost 150 locations, the Company has more than 13,500 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Combining People, Process and Platform, EcoVadis’ team of 600 talented professionals from 45 nationalities combines expertise in sustainability, with advanced technology and a full service solution to drive meaningful change in supply chains worldwide.
EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 198 purchasing categories and 155 countries. Industry leaders such as Johnson & Johnson, Verizon, L’Oréal, Subway, Nestlé, Salesforce, Michelin and BASF are among the more than 55,000 businesses on the EcoVadis network, working to assess, collaborate and improve sustainability performance in order to protect their brands, foster transparency and innovation, and accelerate growth.
Read more: www.ecovadis.com/about-us/
For further information please contact
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093