New membership will accelerate supply chain sustainability and support Givaudan’s approach to sourcing responsibly
Givaudan has joined Together for Sustainability (TfS); a global sector supply chain initiative. Givaudan joins the organisation’s 30 existing members who include BASF, Henkel, and Sanofi.
TfS, which was founded in 2011, delivers a global programme to assess, audit and improve supply chain sustainability practices. It is based on the UN Global Compact and Responsible Care® principles.
The programme allows member companies to assess the environmental, labour & human rights, ethical and sustainable procurement performance of their suppliers, gathering insights which drive and deliver measurable improvements of their suppliers’ as well as their own sustainability performance.
TfS works in close partnership with EcoVadis to carry out its assessments. To be eligible for membership, an organisation must have a minimum EcoVadis score of 60/100. In its 2020 rating, Givaudan scored 75/100; putting it into the platinum category, EcoVadis’ highest accolade.
Givaudan’s membership of TfS follows the launch of its new Sourcing4Good programme, introduced in April 2021. The programme is closely tied to the Company’s purpose goal to source all ingredients and materials in a way that protects people and the planet by 2030. It applies to all of Givaudan’s suppliers and to its full portfolio including naturals, synthetics and indirect materials and services (IM&S).
“We’re proud to join the TfS community. Collaboration is essential in delivering on our bold ambitions and a transparent dialogue with our suppliers is vital to ensuring the long-term sustainability of our supply chain. As we take the next step in our responsible sourcing journey with the launch of our new Sourcing4Good programme, the additional knowledge and insight our TfS membership will bring will be invaluable in helping ensure we can continue to accelerate our progress as we grow together with our customers and suppliers.”
Willem Mutsaerts, Global Head of Procurement and Sustainability
Bertrand Conquéret, President Global Supply Chain & Corporate Senior Vice President Purchasing Henkel, President Together for Sustainability, comments:
“We’re delighted to welcome Givaudan as 31st member of Together for Sustainability. The arrival of Givaudan enhances TfS’ capability to assess and improve the sustainability performance of the procurement operations and supply chains of chemical producers.
“TfS is this network of chemical business leaders and professionals driving the de facto global standard for environmental, social and governance performance of chemical supply. Together we foster sustainable and resilient supply chains with fair working conditions, climate change mitigation and environmental protection. Sustainable supply chains rely upon strong partnerships and the commitment of all participants. We look forward to collaborating with Givaudan as part of our community.”
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 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.
About Together for Sustainability
A procurement-driven initiative, TfS delivers the framework with robust tools to increase the sustainability performance of chemical companies and their suppliers. TfS, a global, procurement-driven initiative, delivers a ground-breaking framework with robust tools – TfS Assessments and TfS Audits – to assess and improve the sustainability performance of chemical companies and their suppliers. The TfS programme has been extended to include scope 3 GHG emissions. TfS delivers the de facto global standard for environmental, social and governance performance of the chemical supply chains. The programme is based on the UN Global Compact and Responsible Care® principles. TfS is growing into a global organisation with regional representation in Asia, North and South America. Operating as a unique member-driven organisation, the TfS member companies shape the future of the chemical industry together. Current TfS member companies are ADVANSIX, AKZONOBEL, ARCHROMA, ARKEMA, AZELIS, BASF, BAYER, BOREALIS, BRENNTAG, CLARIANT, CRODA, CORTEVA, COVESTRO, DSM, EASTMAN, EVONIK, GIVAUDAN, HENKEL, ICL, IFF, KRATON, LANXESS, MERCK, SANOFI, SEMPERIT, SIKA, SOLVAY, SYNGENTA, UPM, WACKER, and WANHUA. TfS member companies represent a global turnover in the chemical industry of EUR 356 billion and a global spend of EUR 232 billion. Follow TfS on LinkedIn and YouTube.
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