Geneva, 20 March 2014 – Givaudan, the world’s leading producer of fragrances and flavours, has released its 2013 Sustainability Report. The publication demonstrates that Givaudan made significant progress across all five pillars of its sustainability strategy in 2013, notably in relation to 2020 eco-efficiency targets, which cover CO2 emission, energy consumption, waste and water reduction. The report discloses to a Global Reporting Initiative (GRI) level of B+.
The Company has been recognised as a top, ‘A-band’ performer in the Carbon Disclosure Project’s (CDP) 350 Climate Change Report 2013 for Germany, Austria and Switzerland, which ranks companies on how they measure, disclose and manage climate-related risks and opportunities. The Sustainability Report also emphasises the importance Givaudan places on partnerships. Featured collaborations in the document include working with cross-industry bodies, such as AIM-PROGRESS and Sedex, as well as a variety of commercial partners.
Gilles Andrier, Chief Executive Officer, comments on the 2013 Report: “Sustainability impacts our commercial performance in a number of ways. Firstly, across the organisation, with progress on our eco-efficiency targets, we are avoiding additional costs in our manufacturing operations. Secondly, sustainable innovation also offers up new revenue opportunities with an increased demand for products with health and wellness benefits. Finally, our sustainability efforts bring positive social impacts and improved environmental performance, where local communities, and Givaudan, all benefit.”
The Company has changed its formatting for the report in 2013, developing a suite of documents tailored to meet different stakeholder needs. A technical GRI Report, which details progress against KPIs is independently assured by Ernst & Young. The Sustainability Report itself, as well as documenting performance, includes an engaging exploration of the issues related to Sustainable Innovation and Responsible Sourcing: topics of high interest to Givaudan’s stakeholders.
The reporting suite can be downloaded at www.givaudan.com/Sustainability
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The 2020 targets, against a 2009 baseline, are:
- 25% reduction in CO2 emissions per tonne of production
- 20% reduction in energy consumption per tonne of production
- 15% reduction in incinerated and landfilled waste per tonne of production
- 15% reduction of municipal and ground water usage per tonne of production
- Lost Time Injury Rate below 0.1
Givaudan is the global leader in the fragrance and flavour industry, offering its products to food, beverage, consumer goods and fragrance companies. Headquartered in Vernier, Switzerland, Givaudan holds a market share of approximately 25% in an industry which is valued overall at around CHF 18 to 19 billion. It has been listed on the SIX Swiss Exchange since June 2000 and is one of the country’s 30 largest companies in terms of market capitalisation.
In 2013, Givaudan achieved sales of CHF 4,369 million, with a workforce of over 9,000 employees and operating in over 100 countries in all major markets, in both mature and developing regions.
GRI is a network-based organisation that pioneered the world’s most widely used sustainability reporting framework. Its core goals include the mainstreaming of disclosure on environmental, social and governance performance. For more information visit www.globalreporting.org
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