Firmenich Recognized for Excellence in Greenhouse Gas Management, Ranking in Top 2% of the World’s Top Performing Supplier Companies

Geneva, Switzerland, January 26, 2016 Firmenich scored a perfect "100A" in the CDP Supplier Climate A List. For the second consecutive year, the leading Fragrance and Flavor House has been nominated by the CDP as a global corporate leader in mitigating climate change thanks to its leading environmental management, as well as, transparent information disclosure.

“I am very proud that Firmenich is recognized by the CDP amongst the top 2% of all suppliers assessed for excellence in Greenhouse Gas Management,” says Gilbert Ghostine, CEO Firmenich. “This remarkable ranking, among the top 71 Companies out of over 3900 worldwide, confirms that we are leading the charge for our industry and is consistent with our vision to become a carbon neutral company.”

David Shipman, Group Vice President Corporate Compliance, adds: “We are very proud to be in the Supplier A list for the second year in a row. Firmenich is on a journey to find solutions and achieve tangible change in the sustainability landscape. This perfect score confirms that we are gaining traction in our environmental management.”

Paul Simpson, chief executive officer of CDP comments: “The science and the policy have never been clearer. Greenhouse gas emissions must decrease to net zero as early as possible in the second half of the century. Companies have a vital role to play in implementing the Paris agreement. Those that are unable to do so risk being the losers from this inevitable transition but those that have made the A List are set to be the winners.”

Firmenich was also awarded the title “Best Supply Chain Responder in Switzerland” by the CDP this year, taking the number one position in its home country, out of a total of 67 Swiss companies.

The CDP Supplier Climate A List, which is included within a new report reviewing the environmental sustainability of global supply chains, presents 71 suppliers, out of 3932, identified as demonstrating a superior approach to climate change mitigation. It has been produced by CDP, the international NGO that drives sustainable economies, at the request of 75 multinational purchasers including L’Oréal, Unilever and Pepsico who work with CDP to better understand and manage the environmental impacts of their supply chains and have a procurement spend of US$2 trillion.

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 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$92 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.