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Engaging with stakeholders on our material issues

  • Our sustainability management approach
  • Material topics
  • Partnerships and initiatives
Our sustainability management approach
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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 seven stakeholder groups: Customers, Suppliers, Employees, Investors and shareholders, Local communities, Public and Regulatory Agencies, Innovators and partners which are currently of primary importance to our sustainability approach.

Customers
Suppliers
Employees
Investors and shareholders
Local communities
Public and regulatory agencies
Innovators and partners
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Strong engagement with our customers enables us to understand their needs and anticipate market trends. Through preference discovery platforms and consumer insight programmes we are able to understand and anticipate consumer preferences and adapt to cultural tastes. 
   

How we engage
  • Customer sustainability requests
  • Audits
  • Customer innovation days
  • Customer and industry conferences and events
  • Key account manager relationships – ongoing dialogue
  • Use of consumer insight programmes for consumer understanding, cultural insights and sensorial decoding
  • Leveraging digital capabilities to enhance insights in consumer trends
      
Key topics and concerns discussed
  • Climate change
  • Consumer health and wellbeing
  • Governance and business conduct / ethics / transparency
  • Human rights
  • Innovation capabilities and management
  • Product / ingredient environmental and social performance
  • Product quality and safety; and ingredient disclosure
  • Responsible sourcing and traceability
      
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Our suppliers are genuine partners, and we work with them towards mutual value creation: open dialogue secures a pipeline of technological innovation through supplier enabled innovation; supplier engagement and collaboration ensure our suppliers have high standards in business ethics and respect for people and the environment. 
   

How we engage
  • Assessments
  • Supplier audits
  • Collaborations to improve performance
  • Multi-stakeholder groups
  • Supplier events: capacity building, discussing issues
  • Direct engagement with supplier relationship managers
      
Key topics and concerns discussed
  • Climate change
  • Human rights
  • Innovation capabilities and management
  • Raw material availability
  • Responsible sourcing and traceability
      
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We engage with our people to foster an environment of open dialogue to mutually resolve conflicts, to identify development initiatives and innovative ideas that will help drive our business. We cannot achieve our goals without a true sense of unity and a workplace where we all love to be and grow. 
   

How we engage
  • Works Council consultations
  • Employee engagement surveys
  • Annual performance dialogue
  • Talent management processes
  • Learning and development opportunities
  • Ongoing dialogue with Givaudan Green Teams
  • Imagine – employee community management platform
      
Key topics and concerns discussed
  • Climate change
  • Diversity, inclusion and people development
  • Employee health, safety and wellness
  • Governance and business conduct / ethics / transparency
  • Human rights
  • Innovation capabilities and management
      
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Our active dialogue with the capital market ensures transparency and helps us improve our reporting practices. Our relationship with debt investors, banks and credit rating agencies ensures we have funding for investment opportunities. 
   

How we engage
  • Annual General Meeting
  • Annual investor conferences and investor road shows
  • Briefings with analysts
  • Conferences with investors and other financial stakeholders
      
Key topics and concerns discussed
  • Climate change
  • Diversity, inclusion and people development
  • Economic performance
  • Environmental, social and governance
  • Governance and business conduct / ethics / transparency
  • Innovation capabilities and management
  • Raw material availability
      
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Open dialogue fosters good relations and enables us to work together with communities and neighbourhoods on projects and causes that benefit local communities, help protect local ecosystems and support livelihoods. 
   

How we engage
  • Community development programme survey
  • Local site community engagement programme
  • Ongoing dialogue with local authorities and community organisations
  • Employees engaged in social activities within the communities in which we operate
  • Givaudan Foundation
  • Local partners (NGOs or cooperatives) acting as Givaudan agents
      
Key topics and concerns discussed
  • Biodiversity
  • Climate change
  • Diversity, inclusion and people development
  • Governance and business conduct / ethics / transparency
  • Human rights
  • Local community development
  • Product / ingredient environmental and social performance
  • Responsible sourcing and traceability
      
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Engagement and collective action with external partners are essential in order to inspire and lead by example as a responsible business. Only collective action can influence decisions. We engage with local governments and regulators to understand the changes, their concerns and find mutually beneficial solutions. 
   

How we engage
  • United Nations Global Compact
  • International Fragrance Association (IFRA)
  • International Organization of the Flavor Industry (IOFI)
  • WBCSD
  • AIM-PROGRESS
  • B Lab and B Movement Builders
  • CDP
  • EcoVadis
  • Renewable Carbon Initiative (RCI)
  • Together for Sustainability (TfS)
      
Key topics and concerns discussed
  • Climate change
  • ESG topics (Environmental, Social & Governance)
  • Governance and business conduct / ethics / transparency
  • Human rights
  • Product / ingredient environmental and social performance
  • Product quality and safety; and ingredient disclosure
  • Responsible sourcing and traceability
      
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We engage in innovative partnerships to go beyond our own internal capabilities and seek out the extended possibilities and opportunities that collaboration can bring. This allows us to access the latest trends in innovation, to extend our innovation ecosystem to the global level and to accelerate our efforts in this domain. 
   

How we engage
  • Global network of accelerators and incubators
  • Partnerships with innovators, accelerators and with academia
  • Plugged into disruptive and digital trends
  • Co-creation and co-innovation opportunities
      
Key topics and concerns discussed
  • Climate change
  • Consumer health and wellbeing
  • Innovation capabilities and management
  • Product / ingredient environmental and social performance
  • Product quality and safety; and ingredient disclosure
      

Material topics
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Material topics

Our list of material topics is mapped against the GRI Standards topics, our purpose pillars, the United Nations Global Compact (UNGC) Principles and the United Nations’ Sustainable Development Goals (SDGs) to show that they are fully consistent with the most commonly used sustainability frameworks.
  

Materiality topic Equivalent GRI topic Purpose pillar UNGC Principles SDG mapping
Biodiversity GRI 304: Biodiversity
Nature
Principle 8
Zero hunger
  
Life on land
  
Partnerships for the goals
Climate change GRI 202-2: Financial implications and other risks and opportunities due to climate change
GRI 301: Materials
GRI 302: Energy
GRI 305: Emissions
Nature
Principle 7,8,9
Responsible consumption and production
Climate action
Life on land
Consumer health & wellbeing GRI 415: Customer health and safety
Creations
Zero hunger
Good health and well-being
Industry, innovation and infrastructure
Partnerships for the goals
Diversity, inclusion
& people development
GRI 102-8: Information on employees and other workers
GRI 202: Market presence
GRI 401: Employment
GRI 404: Training and education
GRI 405: Diversity and equal opportunity
GRI 406: Non-discrimination
People
Principle 6
 
 
 
 
 
Gender equality
Decent work and economic growth
Partnerships for the goals
Economic performance GRI 201: Economic performance
Creations
Nature
People
Communities
Decent work and economic growth
Industry, innovation and infrastructure
Climate action
Employee safety,
health
& wellbeing
GRI 403: Occupational health and safety
People
Good health and well-being
Decent work and economic growth
Governance
& business
conduct / ethics /
transparency

GRI 102-11: Precautionary Principle or approach

GRI 102-16: Values, principles, standards, and norms of behaviour
GRI 102-17: Mechanisms for advice and concerns about ethics
GRI 102-18: Governance structure
GRI 205: Anti-corruption

Creations
Nature
People
Communities
Principle 10
Responsible consumption and production
Partnerships for the goals
Human rights GRI 102-41: Collective bargaining agreements
GRI 402: Labour/management relations
GRI 407: Freedom of association and collective bargaining
GRI 408: Child labour
GRI 409: Forced or compulsory labour
GRI 412: Human rights assessment
GRI 414: Supplier social assessment
Nature
People
Communities
Principle 1,2,3,4,5
Zero hunger
Gender equality
Decent work and economic growth
Partnerships for the goals
Innovation capabilities & management
Creations
Principle 8,9
Decent work and economic growth
Industry, innovation and infrastructure
Responsible consumption and production
Partnerships for the goals
Local community development GRI 203: Indirect economic impacts
GRI 413: Local communities
Communities
Principle 1
Zero hunger
Decent work and economic growth
Industry, innovation and infrastructure
Partnerships for the goals
Product / ingredients environmental & social performance GRI 301: Materials
GRI 302: Energy
GRI 305: Emissions
GRI 416: Customer health and safety
Creations
Nature
People
Communities
Principle 7,8,9
Zero hunger
Good health and well-being
Industry, innovation and infrastructure
Responsible consumption and production
Climate action
Product quality & safety and ingredient disclosure GRI 416: Customer health and safety
GRI 417: Marketing and labelling
Creations
Good health and well-being
Industry, innovation and infrastructure
Responsible consumption and production
Raw materials availability GRI 301: Materials
Creations
Nature
Communities
Zero hunger
Industry, innovation and infrastructure
Life on land
Partnerships for the goals
Responsible sourcing & traceability GRI 102-9: Supply chain
GRI 204: Procurement practices
GRI 308: Supplier environmental assessment
GRI 407: Freedom of association and collective bargaining
GRI 408: Child labour
GRI 409: Forced on compulsory labour
GRI 412: Human rights assessment
GRI 414: Supplier social assessment
Nature
Communities
Principle 1,2,4,8,10
Zero hunger
Decent work and economic growth
Responsible consumption and production
Life on land
Partnerships for the goals
Waste management & circular principles GRI 306: Waste
Nature
Principle 8
Responsible consumption and production
Water stewardship GRI 303: Water and effluents
Nature
Communities
Principle 8
Clean water and sanitation
Decent work and economic growth
Responsible consumption and production
Partnerships for the goals
Creations
Nature
People
Communities
Creations Nature People Communities
Partnerships and initiatives
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Partnerships and initiatives

We strongly believe that working together is key to achieving a more sustainable society. We also believe that it’s important to look beyond our own business and see the ‘bigger picture’ when it comes to sustainability.

From addressing global water challenges to promoting sustainable palm oil, we engage in numerous external initiatives and strategic collaborations with relevant organisations and partners. Collaboration across our supply chain as well as with other businesses and non-profit organisations is essential; the more we do together, the quicker we drive sustainable solutions, while meeting our customers’ needs and expectations. 

Sustainability partnerships and initiatives

Key partnerships

Here are just a few examples of the many collaborations and initiatives that Givaudan is involved in around the world.

Commitments and calls to action
Memberships and collaborations
Reporting
Assessments and ratings
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The UN Global Compact is a strategic policy initiative for businesses committed to supporting the achievement of the Sustainable Development Goals by 2030. We have been a signatory of the UN Global Compact since February 2010 and we measure our progress towards sustainability against its principles.

We endorsed the CEO Water Mandate in March 2020, reflecting our ambitious targets on water and our commitment to water stewardship.

We have aligned our target to reduce scope 1 and 2 GHG emissions by 70% between 2015 and 2030 with the Science Based Targets initiative (SBTi), a collaboration between CDP, Water Resources Institute (WRI), the World Wide Fund for Nature (WWF) and the United Nations Global Compact (UNGC).

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Sedex (Supplier Ethical Data Exchange) is a not-for-profit membership organisation dedicated to driving improvements in responsible and ethical business practices in global supply chains. We engage with Sedex to better assess both our production sites and suppliers.

The Earthworm Foundation is a global non-profit organisation focused on transforming supply chains for the benefit of nature and people. The Foundation supports Givaudan in implementing its Responsible Sourcing Programme through supply chain assessments and, where needed, co-designing innovative solutions with supply chain partners that create value for all.

Reflecting our commitment to eliminate deforestation from our supply chain, we are an active member of the Roundtable on Sustainable Palm Oil (RSPO). This international, multi-stakeholder organisation aims to advance the production, procurement, finance and use of sustainable palm oil products.

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Reflecting our commitment to transparency, we communicate about our progress according to the GRI (Global Reporting Initiative) frameworks for sustainability reporting. As the most widely used global framework for reporting, GRI creates a common language for organisations to report their impacts, making it easier to track and compare progress.

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Our performance to date has been externally recognised by various organisations, including EcoCert, CDP and Sustainalytics. Since 2008, we have also completed the annual EcoVadis CSR assessment and, ranking in the top-performing category since 2015. In 2021, we were ranked in the top 5% of the EcoVadis CSR assessment, achieving the gold medal.