Our business model
Our value creation process shows how Givaudan draws on its various resources, called capital inputs, and translate them into outcomes - the internal and external consequences of our business activities that impact the Company and its stakeholders.
Our value creation process begins with resources called capital inputs.
We have identified six kinds of capitals that feed Givaudan’s value chain:
- Financial capital
- Intellectual capital
- Human capital
- Natural capital
- Manufactured capital
- Social and relationship capital
Together, these inputs feed directly into our business model.
The capital inputs
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Financial Funds available to the Group |
Intellectual capital Technology, patents, know-how, processes |
Human The skills, motivation, diversity of our people, best-in-class health and safety procedures |
Natural Raw materials, indirect materials and services, innovative sourcing models |
Manufactured capital Production sites, infrastructure, end-to-end supply chain solutions |
Social and relationship capital Our relationships with local communities, regulators and industry bodies, brand and reputation |
Our business model
Our activitiesTaste & Wellbeing |
Our value chainThrough our value chain we create innovative products and solutions that have a positive impact on nature, people and communities. The corresponding outputs and impacts deliver growth – in partnership with our customers – through creating inspiring products for happier, healthier lives.
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Our business model uses these capital inputs for the realisation of our business activities. Taste & Wellbeing, and Fragrance & Beauty, aim to shape the future of food, fragrances and beauty by becoming the innovation and co-creation partner of choice to our customers.
The capital outputs
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Financial Responsible financial growth and shared profitability |
Intellectual Differentiating solutions through responsible innovation |
Human Recruiting, developing and caring for diverse and inclusive workforce |
Natural Reducing water and energy consumption, emissions and waste, preserving biodiversity and renewable resources |
Manufactured capital New site openings and sustainable products produced and sold |
Social and relationship capital Stakeholder engagement and collective action |
| As a purpose-led Company, our value creation process helps us deliver growth in partnership with our customers and increases our positive impact on nature, people and communities by creating inspiring products for happier, healthier lives. |
It enables us to deliver success to our customers and our stakeholders while shaping a better tomorrow for all. Stakeholders that benefit are |
Watch our value creation process for 2020