Engaging with stakeholders on our material issues
Listening and responding to our priority stakeholders is a core part of our sustainability management approach. These stakeholders are the people who affect our business or who are affected by it.
The feedback we receive from these stakeholders helps us to understand their expectations and prioritise issues effectively. This informs our overall sustainability approach and our ability to deliver against shared sustainability goals.
We have identified six stakeholder groups: Customers, Suppliers, Employees, Owners and Investors, Local communities, Public and Regulatory Agencies, which are currently of primary importance to our sustainability approach.
Our sustainability report highlights examples of how we have engaged with these key stakeholders on the topics most material to them.
Materiality matrix: glossary of material issues and SDG(s) directly supported
Access to food
Providing our customers with flavour solutions enabling them to address global food challenges.
Contributing to the preservation of biodiversity along Givaudan's value chain.
Mitigating effects on climate change along Givaudan's value chain by reducing emissions and adapting our capabilities.
Consumer health and well-being
Developing products and services that promote the health and well-being of people as they experience our ingredients in every-day consumer products.
Identifying raw materials linked to deforestation and collaborating with suppliers and other key partners to avoid deforestation along Givaudan’s supply chain.
Diversity and inclusion
Having a balanced workforce which reflects the societies in which Givaudan operates, including efforts to eliminate all discrimination and to ensure the opportunity for people from all backgrounds to succeed.
Operating a profitable business model for the long-term viability of the Company.
Employee health, safety and wellness
Providing a safe and healthy working environment and encouraging responsible employee behaviours.
Governance and business conduct
Ensuring business practices are in alignment with international standards, local laws and Givaudan standards in countries of operation. Safeguarding the effective functioning of the governing bodies of Givaudan.
Ensuring that Givaudan respects human rights by acting with due diligence, as defined in the UN Guiding Principles on Business and Human Rights.
Fostering collaborative labour relations with employees and employee elected representatives.
Local community development
Recognising and supporting the broader development goals of local communities where Givaudan operates in and sources from.
Product environmental and societal impact
Optimising the impact of our products within our whole supply chain, in the way they are designed, manufactured and ultimately used by the consumer, both in terms of environmental impact and ability to positively affect societal issues.
Product quality and safety
Ensure our products are safe and comply with all applicable laws, regulations as well as customer requirements.
Raw material availability
Ensuring a stable supply of raw materials used in Givaudan's products.
Fostering compliance with high standards in health, safety, social, environmental and business integrity in the way we source.
Effectively recruiting, developing, engaging, deploying and retaining a balanced workforce that meets future business imperatives.
Understanding the supply chain and tracing the provenance of raw materials we use from their origin to the final formulation.
Transparency and reporting
Disclosing an adequate level of information and data in alignment with recognised frameworks and in compliance with local laws and regulations.
Pursuing a culture of waste elimination by adequately managing all Givaudan's waste streams.
Optimising the use of intake water and ensuring the quality of discharged water. Assessing and addressing water risks at owned operations and in our supply chain.
Implementing policies and programmes that are consistent with promoting equal opportunities for all.