Landing in the top 1% of suppliers assessed, Firmenich has received the highest Platinum rating from EcoVadis for environmental and social performance.
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Its best rating yet, Firmenich received a score of 83/100, recognizing it as one of the most responsible companies in the world, and the industry leader for fragrance and flavors. In 2018, the company earned a score of 82/100.
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EcoVadis, which assessed more than 60,000 companies in 198 industries and 155 countries, evaluated Firmenich’s sustainability performance according to 21 criteria and four categories, cutting across labor and human rights, environment, ethics and sustainable procurement practices.
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Firmenich’s sustainability policies, initiatives and results were analyzed using recognized international sustainability standards.
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Advancing its commitment to the most ethical, traceable and sustainable supply chain, Firmenich is constantly improving transparency across its operations. Most recently Firmenich was awarded the inaugural IMD-Pictet Sustainability in Family Business Award for its exemplary efforts to embed responsible practices throughout its business.
“This world-class Platinum recognition from EcoVadis shows we are leading the way with our environmental and social goals,” Firmenich CEO Gilbert Ghostine said. “This award is a tribute to the dedication of all my colleagues, working hard every day to ensure our business is a force for good for people, planet and society.”
“Reaching a Platinum rating demonstrates our continuous improvement and the delivery of our Pathways to Positive strategy,” Bérangère Magarinos-Ruchat, Ph.D., chief sustainability officer, Firmenich, said. “We are proud to have embarked on the EcoVadis rating process several years ago because it not only facilitates company transformation but also drives integration of Environmental, Social and Governance (ESG) risks in the industry and along the supply chain. We need this type of standardization process to scale up sustainable supply chains.”