International Flavors & Fragrances Inc. (IFF) has made the Carbon Disclosure Project’s (CDP) A List for Climate Change for the fourth year in a row.
The company also received an A rating for water security, its first time doing so. CDP evaluates companies on the comprehensiveness of their disclosure, awareness and management of environmental risks, and demonstration of best practices in relation to environmental leadership, like setting ambitious targets.
“We continue to challenge ourselves to better understand how we can tackle climate change and water security,” said Francisco Fortanet, IFF EVP, operations. “Part of this requires continuous improvement in the quality and transparency of our disclosures. Fortunately, our Green Teams around the world are eager to take on this challenge -- and these honors reflect their efforts.”
In 2018, IFF established EcoEffective+, a set of environmental goals including long-term emissions and water targets. The company achieved year-over-year reductions of 14.7% in greenhouse gas emissions and 23.3% in water withdraw intensities.
“We are delighted to be among an elite group of companies committed to environmental action,” said Andreas Fibig, IFF chairman and CEO. “Inclusion in CDP’s A List for Water Security reflects the tremendous effort put into developing our next generation of environmental goals, EcoEffective+. The recognition by CDP confirms that we are on the right path.”