Inclusion follows Givaudan’s recent CDP double-A rating
Givaudan has been included once again in CDP’s prestigious Supplier Engagement Leaderboard. Its inclusion places it in the top 7% of companies out of more than 9,600 who disclose their environmental data through CDP annually.
The news follow’s Givaudan’s recent CDP double-A rating for leadership in Climate and Water, announced in December 2020.
CDP’s Supplier Engagement Leaderboard recognises the companies which have received the highest ratings in CDP’s Supplier Engagement Rating (SER). The SER is designed to assess and catalyse action on corporate supply chain engagement on climate issues, based on the CDP climate change questionnaire. It covers governance, targets, value chain (scope 3) emissions and supplier engagement strategies, and factors in a company’s climate score.
Willem Mutsaerts, Head of Global Procurement and Sustainability comments:
“We’re proud to be recognised by CDP as leaders in supply chain engagement. Against the backdrop of the climate crisis, it is vital that we accelerate action across our value chain as we pursue bold purpose and sustainability ambitions – like our ambition to become climate positive before 2050.”
“Achieving this requires collaboration not just within Givaudan, but with our suppliers, customers, stakeholders, colleagues and partners. As businesses re-examine their role in society, we must be resilient and prepared for the risks of a constantly-changing world. Now more than ever businesses must come together and lead the way as a force for good.”
Sonya Bhonsle, Global Head of Value Chains, CDP: “Companies’ emissions don't end at the factory door. In fact, CDP data shows a company's supply chain emissions are over 11.4 times greater than its direct emissions on average. Meaningful corporate climate action means engaging with suppliers to reduce emissions across the value chain. Despite the challenges from COVID-19, in 2020 nearly 400 companies achieved a place on CDP's Supplier Engagement Leaderboard. Congratulations to these companies - as Supplier Engagement Leaders, they are driving the transition towards the net-zero sustainable economy”.
The full Supplier Engagement Leaderboard can be found at: http://bit.ly/SupplierEngagement20
Givaudan is the global leader in the creation of flavours and fragrances, with its heritage stretching back over 250 years, the Company has a long history of innovating tastes and scents. 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 2020, the Company employed almost 16,000 people worldwide and achieved sales of CHF 6.3 billion and a free cash flow of 12.8% 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