Givaudan has released its 2018 Sustainability Progress Review, shining a spotlight on the advances made during the company’s first full year of its ‘A Sense of Tomorrow’ initiative.
Highlights from the three focus areas include:
Sourcing for Shared Value
- 24 key raw material categories are now sourced in a responsible way
- 78% of the company’s direct suppliers achieved site audit compliance
Innovating Responsibly
- The flavor division made strides in alternative proteins
- Fragrance division innovations included new scientific methodologies and sustainable beauty compounds
Acting for Our Environment
- A 13.9% decrease in absolute terms of Scope 1 and 2 greenhouse gas emissions
- 69.4% of the company’s electricity now comes from renewable sources
- A reduction in water use by 24.4%; the company carried out its first water footprint assessment that includes the value chain
- CDP A- leadership level for GHG emission reduction and water stewardship
- A position on the CDP’s Supplier Engagement Leader Board
“I am delighted by the strong results of this first year,” said CEO Gilles Andrier. “They confirm that ‘A Sense of Tomorrow’ is a solid approach that also strengthens our 2020 strategy of ‘Responsible Growth. Shared Success.’ By delivering against our ambitious sustainability targets, we create added value for our customers, society, the environment and ultimately for the long-term sustainability of our business.”
