FIRMENICH NAMED CDP “SUPPLY CHAIN LEADER” ACROSS GERMANY, AUSTRIA AND SWITZERLAND
Geneva, Switzerland, March 29th, 2017 – Firmenich proudly announces that it has been named “Supply Chain Leader” across Germany, Austria and Switzerland (DACH) by the CDP. Taking the number one position in the DACH region, this award is testament to Firmenich’s excellence in carbon emissions management.
“We are honored to be recognized as the Supply Chain Leader in DACH, a region that includes some of the largest and most sustainable organizations in the world,” said Gilbert Ghostine, CEO, Firmenich. “This distinction, on top of our ranking on CDP’s Supplier Climate A List, acknowledges our commitment to keep on setting new standards of excellence in Greenhouse Gas Management and lead the industry forward.”
Susan Dreyer, Director DACH region, CDP, comments: "Firmenich is dedicated to minimizing its environmental footprint and fostering transparency across its supply chain. This award recognizes their unwavering commitment to being a responsible business.”
Neil McFarlane, Senior Vice President Quality, Health, Safety, Security & Environment adds: “As a leading supplier in the flavor and fragrance industry, we are committed to reducing our absolute CO2 emissions by 20%, obtaining 100% of electricity for our manufacturing sites from renewable sources or offsets, and reducing our rate of water use in water stressed areas by 25% by 2020.”
In 2017, for the third consecutive year, Firmenich ranked in the top 3% of “A List” companies on CDP’s Supply Chain Program among more than 4,300 companies identified as demonstrating a superior approach to climate change mitigation. To further advance the Group’s ambitious 2020 environmental goals, Firmenich was the first fragrance and flavor house to mobilize its key suppliers to disclose their climate and water performance data through CDP’s Supply Chain Program. Regarding water management, the Group was also one of the first organizations to join the CDP Water Disclosure Program, and in 2016 scored in the top 2% of the Supply Chain Water reporting companies attaining the Leadership A- level for its management of water risk, throughout its supply chain.
Learn more about Firmenich’s commitments to tackling climate change and improving its environmental footprint 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.
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.