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International Flavors & Fragrances Inc. (IFF) has released its latest annual sustainability report, which details its commitment to corporate, social and environmental responsibility and offers a look into progress made in the past year as well as future goals.
"I believe we are on the right path to create a lasting influence over how we do business by keeping the triple bottom line in the forefront of our thinking," said Doug Tough, Chairman and CEO. "By working on a global level, we consistently focus on our goals to reduce carbon emissions, waste, energy and water use by 20+ percent by 2020," he said.
In its report, IFF groups its progress into four sustainability pillars, which are closely aligned with the company's long-term business strategy: IFF's products: creating innovative customer solutions; impact: strengthening its eco-efficiency and community relationships; sources: sourcing responsibly; and people: engaging and inspiring employees.
IFF's 2012 performance highlights included reducing carbon emissions by 6.4%, reducing energy use by 4.4%, reducing water use by 12.2%, and a 9.6% reduction in hazardous waste.
The company also noted:
The report was prepared using the G3.1 guidelines of the Global Reporting Initiative (GRI), the global standard for such reporting, and has obtained an Application Level Check of B+.