Group accelerates industry leadership to be carbon neutral in its operations by 2025
GENEVA, Oct. 6, 2021 /PRNewswire/ -- Firmenich, the world's largest privately-owned fragrance and taste company, today releases its annual Environmental, Social and Governance (ESG) Report, detailing the Group's robust ESG performance in Fiscal Year 2021. Building on its leadership in Responsible Business, Firmenich has stepped up progress towards its ground-breaking 2025 ESG goals across three key areas: climate, nature and people.
"Firmenich has achieved the ambitious 2020 environmental goals it set after the COP21 climate conference. The pandemic and recent climate events show we need to keep on turbocharging our leadership across the ESG spectrum," said Gilbert Ghostine, CEO Firmenich. "By taking our commitments in conscious perfumery, diet transformation and renewable ingredients to the next level, we are encouraging others to be bolder for a sustainable future."
"Our ESG ambition is now embedded throughout our business, providing us all with a clear vision of the transformation we will achieve within a decade on our way to a positive-impact future," said Berangère Magarinos-Ruchat, Chief Sustainability Officer, Firmenich. "We are determined to generate positive and measurable impacts on climate change, nature regeneration and people protection."
FY2021 ESG Performance
In 2021, Firmenich was also rated for the first time by Sustainalytics, with a score of 8.6, which not only places the Group as ESG leader in its industry but also in the top 1% of companies rated worldwide. Firmenich was last week ranked in the top 10 of the World Benchmarking Alliance's food and agriculture benchmark, leading its industry.
Disclosure
The Firmenich ESG Report 2021 is aligned with the OECD Guidelines for Multinational Enterprises, the SASB Materiality Map® and is prepared in accordance with the Global Reporting Initiative's (GRI) standards. The ESG Report's contents also provide an update on Firmenich progress with the implementation of the ten principles of the UN Global Compact, the Sustainable Development Goals (SDGs) as well as the B Corp certification. The document has been independently audited, receiving a reasonable level of assurance. The Firmenich ESG Report 2021 is available online here.
About Firmenich
Firmenich, the world's largest privately-owned fragrance and taste company, was founded in Geneva, Switzerland, in 1895 and has been family-owned for 126 years. Firmenich is a leading business-to-business company specialized in the research, creation, manufacture and sale of perfumes, flavors and ingredients. Renowned for its world-class research and creativity, as well as its leadership in sustainability, Firmenich offers its customers superior innovation in formulation, a broad and high-quality palette of ingredients, and proprietary technologies including biotechnology, encapsulation, olfactory science and taste modulation. Firmenich had an annual turnover of 4.3 billion Swiss Francs at end June 2021. More information about Firmenich is available at www.firmenich.com.
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