FIRMENICH ON “A LIST” OF LEADING COMPANIES TACKLING CLIMATE CHANGE FOR THIRD YEAR
Geneva, Switzerland, January 26, 2017 – For the third consecutive year, Firmenich has been identified as a world leader for its actions and strategies in response to climate change and has been ranked on the Supplier Climate A List, in the top 3% of corporations participating in CDP’s supply chain program.
“With 2016 being the hottest year on record for the third year in a row, business should play an even bigger leadership role to help address this issue,” said Gilbert Ghostine, CEO Firmenich. “As we rank in the top 3% of “A List” companies, it is paramount to us to keep on setting new standards of excellence in Greenhouse Gas Management and lead the industry forward.”
Dexter Galvin, Head of CDP Supply Chain comments: “Companies should engage their entire supply chain to reduce emissions beyond their operations. Firmenich has been developing strong initiatives to address climate change for years and recently joined the CDP supply chain to continue its actions beyond its operations. We congratulate them for being recognized in the top 3% of suppliers as part of CDP’s Supplier Climate A List.”
Jane Sinclair, Firmenich General Counsel adds: “Firmenich has set ambitious sustainability goals and aims to cut absolute CO2 emissions by 20% by 2020. We also look to solely rely on renewable energy for our manufacturing sites and lead them towards zero waste to landfill. We are on our path to carbon neutrality and proud to be recognized as a leading supplier for action on climate change for the third consecutive year and named the Best Supply Chain Responder in Switzerland.”
The Supplier Climate A List released in CDP’s Missing Link: Harnessing the Power of Purchasing for a Sustainable Future presents 112 “A Listers” among over 4,300 companies, identified as demonstrating a superior approach to climate change mitigation. The report reveals that the world’s largest purchasing organizations are using their buying clout to drive down emissions across their supply chains, with 434 million tonnes of CO2e reductions – equivalent to more than France’s annual GHG emissions – reported by suppliers worldwide in 2016.
Firmenich teams attended the 2017 Supply Chain summit in London on January 24 with 30 other global sustainability leaders, to share best practices in suppliers’ engagement and emissions reduction.
Firmenich is the world’s largest privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share and sublimate the best that nature has to offer. Firmenich had an annual turnover of 3.2 billion Swiss Francs at end June 2016.
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$100 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.