Givaudan’s rating reflects bold purpose ambitions including becoming climate positive before 2050
Givaudan’s leading work on climate action and water stewardship has once again been recognised with a CDP double A rating.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.
Givaudan’s most recent A ratings place it in the best performing businesses out of 5,800+ businesses that were scored, when it comes to leadership on climate and water, as the organisation strives to use its business as a force for good.
Gilles Andrier, CEO of Givaudan comments: “Taking action to protect our natural resources has never been so urgent. We’re proud to be leading the way with bold ambitions driven by our purpose, such as becoming climate positive before 2050 and we’re delighted to see this work recognised once again with a CDP double A rating.
“As we rise to these major global challenges, it is vital we continue use our business as a force for good and that we live our purpose in the actions we take every day to protect nature.”
Paul Simpson, CEO of CDP, said: “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
The rating follows a series of high profile accolades in 2020 recognising Givaudan’s leading work on sustainability and responsible business. These include a platinum EcoVadis rating in November as well as Givaudan’s inclusion for the fifth year running in the prestigious FTSE4Good Index Series earlier this year.
In July 2020 Givaudan announced its journey towards B Corp certification and in August 2020 the company became a founding member of B Movement Builders. B Movement Builders is a coalition of publicly-traded companies working together to drive a global movement of business as a force for good, helping to accelerate change to our global economic system and spearheading the changing role of business in society.
The full methodology and criteria for the A List is available on CDP’s website at: www.cdp.net/en/companies/companies-scores.
Givaudan is a global leading company in taste and wellbeing, and fragrance and beauty. With its heritage stretching back over 250 years, the Company has a long history of innovating scents and tastes. From a favourite drink to your daily meal, from prestige perfumes to cosmetics and laundry care, its creations inspire emotions and delight millions of consumers the world over. The Company is committed to driving purpose-led, long-term growth while leading the way to improve happiness and health for people and nature. In the fiscal year 2019, the Company employed over 14,900 people worldwide and achieved sales of CHF 6.2 billion and a free cash flow of 12.7% of sales. Let’s imagine together on 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 US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of 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 us @CDP to find out more.
For further information please contact
Pierre Bénaich, Givaudan Media and Investor Relations
T +41 22 780 9053
Sara Neame, Sustainability Communications
T +44 7801 293776