Givaudan scored double ‘A’ by CDP for both climate change and water security
Givaudan is recognised for its leadership in water security by CDP with the highest ‘A’ score.
This recognition follows a leadership score for climate action and places the Company in the double ‘A’ category of best performing businesses in terms of mitigating environmental impact.
“A double ‘A’ by CDP is amazing news. We’ve taken our sustainability commitments to the highest level, so being recognised for our efforts and achievements in sustainable management of water resources has a lot of significance,” said Gilles Andrier, CEO. “Driven by our purpose, we will keep setting ourselves ambitious targets to go further in our activities to safeguard precious natural resources.”
We have already surpassed our targets in sustainable water management by tackling the main contributors to consumption in industrial operations. Global sites review hotspots and bring technical improvements that drive our water efficiency strategy with success.
This year, Givaudan decreased water intensity by 26.8% since the baseline year 2009.
Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.”
The Climate Change and Water Security A Lists are published by CDP each year alongside the A List for leadership on tackling deforestation. A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to D-based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
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 6.2 billion in 2019. Headquartered in Switzerland with local presence in over 180 locations, the Company has over 14,900 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of USD 96 trillion, they leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 8,400 companies with over 50% of global market capitalisation disclosed environmental data through CDP in 2019. This is in addition to the over 920 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. Visit https://cdp.net/en or follow @CDP to find out more.
For further information please contact
Givaudan Media and Investor Relations
T +41 22 780 9053
Glaïeul Mamaghani, Corporate Communications Manager Sustainability
T +41 22 780 9623