FIRMENICH RECOGNIZED BY BETTER SOCIETY NETWORK FOR ETHICAL BUSINESS
Geneva, Switzerland, May 18, 2017 – Firmenich is proud to announce that it has been recognized by the Better Society Network with its 2017 Ethical Business Award. The Better Society Network recognizes top achievers that advance social, environmental and ethical best-practices across business.
“I truly believe that business must play a leading role in addressing some of the world’s most critical challenges, from tackling climate change to enhancing nutrition or sanitation conditions for all,” says Gilbert Ghostine, CEO Firmenich. “Firmenich has a 122-year heritage of leading its business responsibly. That’s why, being honored by the Ethical Business Award means a lot to us. It recognizes our commitment to having a lasting positive impact on the planet and society.”
Sustainability is at the core of Firmenich’s strategy and values. That’s why the leading Fragrance and Flavor house puts its innovation to work, working closely with key partners, to solve some of the world’s greatest societal challenges, such as access to sanitation, responsible nutrition and climate change.
For instance, Firmenich is committed to tackling today’s sanitation crisis by finding viable solutions for the 2.5 billion people lacking proper access to hygiene facilities today. In this context, Firmenich joined forces with the Bill and Melinda Gates Foundation to address the Reinvent the Toilet Challenge, and developed breakthrough technologies that effectively counter mal-odor.
Given today’s growing diet-related epidemics with 1.9 billion adults considered obese by the World Health Organization, Firmenich is committed to advancing responsible nutrition solutions. The Company has developed leading technologies that reduce sugar, salt and fat from the food and beverages consumers’ love, without compromising on taste, with more than 500 billion calories removed from food in 2016 based on sugar reduction.
As signatories to the Paris Pledge for Action, Firmenich set ambitious environmental goals to tackle climate change across its business. The Group is committed to operating all its 35 manufacturing sites with 100% renewable energy sources or offsets. Firmenich is recording good progress in this space as evidenced by its ranking in CDP’s top 3% of “A List” companies for the third consecutive year. A recent example of how Firmenich is bringing this vision to life is the launch of its new Perfumery plant in Geneva. With an automation rate of 90%, the Group increased its capacity by 30% while reducing its energy consumption by 20% and using 100% renewable hydropower. Ecovadis, Corporate Social Responsibility rating experts, recognized Firmenich in the top 1% of companies of its Gold list.
Firmenich consistently seeks to scale-up its positive impact by partnering with like-minded visionary organizations, such as the World Business Council for Sustainable Development (WBCSD) and the Toilet Board Coalition, as well as customers and suppliers to drive collective responsibility and long-term success across its value chain. Learn more about Firmenich’s commitments to ethics and excellence in its “Performance and Sustainability Report 2016.” To view it, click here.
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.