Givaudan is named on CDP’s prestigious ‘A List’ for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy.
“Our commitment to sustainability is a fundamental part of our DNA as confirmed by our newly defined purpose. To be commended by CDP is great recognition and further encouragement to reach our ambitious climate targets.” said Gilles Andrier, CEO. “At Givaudan, great business performance and growth goes hand-in-hand with ensuring a sustainable future for the generations to come.”
This A score ranks the Company among a small number of high-performing businesses out of thousands.
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.”
In 2019, Givaudan was among the first few companies to align on the 1.5°C trajectory with updated GHG emissions reduction targets approved by the Science Based Targets initiative (SBTi). The Company also joined the movement of leading companies fighting global warming and signed the UN Pledge “Business Ambition for 1.5°C”.
Furthermore, our newly defined purpose, released in November 2019, sets an ambition for our operations to become climate-positive before 2040 and for the entire Company, including its scope 3 (supply chain), before 2050.
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 5.5 billion in 2018. Headquartered in Switzerland with local presence in over 145 locations, the Company has almost 13,600 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
Peter Wullschleger, Media and Investor Relations
T +41 22 780 9093
Glaïeul Mamaghani, Corporate Communications Manager Sustainability
T +41 22 780 9623