FIRMENICH MOBILIZES SUPPLIERS IN CDP SUPPLY CHAIN PROGRAM FOR MORE SUSTAINABLE VALUE CHAIN
Geneva, Switzerland, July 20th, 2016 – Building on its long-term commitment to industry-leading environmental management, Firmenich is the first fragrance and flavor house to join CDP’s Supply Chain Program. With Firmenich signing up to mobilize its key suppliers to disclose their climate and water performance data through CDP’s reporting platform, it aims to drive a more traceable and sustainable value chain. For Firmenich’s customers, who have had full access to Firmenich’s environmental performance via CDP since 2009, this next step, further safeguards their reputation in terms of environmental management.
“I am proud that Firmenich is the first in the industry to mobilize our strategic suppliers, alongside our customers, in the CDP’s Supply Chain Program,” said Gilbert Ghostine, Chief Executive Officer. “Together, we can scale up our impact in mitigating climate change, by bringing more transparency and spreading best practices across our value chain.”
“Firmenich is an established A List responder to CDP’s Supply Chain Program,” added Dexter Galvin, Head of CDP Supply Chain. "Today marks another step in their climate leadership, as they drive climate and water action down their own supply chain. This work will help them – as well as their suppliers and customers – build resilience, manage risk and ensure their future prosperity.”
“I am very excited to be engaging our suppliers through CDP’s Supply Chain Program, to increase disclosure and encourage climate and water action down the supply chain,” commented Bhavesh Shah, Chief Purchasing Officer. “As we pursue this common goal, we are committed to supporting our suppliers’ ambitions, while strengthening our business and preserving the environment for future generations.”
By requesting environmental disclosure throughout its supply chain, Firmenich aims to identify hotspots and explore opportunities to collaborate with its suppliers to reduce greenhouse gas emissions and water use in stressed areas.
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 3.0 billion Swiss Francs at end June 2015.
CDP, formerly Carbon Disclosure Project, is an international, not-for-profit organization providing the global system for companies, cities, states and regions to measure, disclose, manage and share vital information on their environmental performance. CDP, voted number one climate research provider by investors, works with 827 institutional investors with assets of US$100 trillion and 89 purchasing organizations with a combined annual spend of over US$2.7 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,600 companies, representing close to 60% global market capitalization, disclosed environmental information through CDP in 2015. CDP now holds the most comprehensive collection globally of primary corporate environmental data 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.