Geneva, Switzerland
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Geneva, Switzerland
2021 Sales: CHF 4,5 billion
Since last year’s Leaders & Newsmakers issue, Firmenich has consistently made headlines with news of revamped sustainability efforts, platform launches and expansion of its reach and influence in F&F.
And, at press time, news came that Firmenich would merge with DSM. More on that in future issues.
In March 2022, Firmenich received an environmental, social and governance (ESG) score of 7.5 from Sustainalytics, placing it at number 37 out of the 14,983 companies rated worldwide.
In addition, Firmenich has announced its ESG 2030 ambition to be first in Conscious Perfumery with targets on fragrance biodegradability, renewability, carbon footprint, responsible sourcing and transparency on environmental impact.
The company’s president of perfumery, Ilaria Resta, will weigh in on the importance of the Conscious Perfumery strategy in the pages ahead.
The company also launched Firmenich Studio, a personalized digital platform designed to help customers build their future fragrance and food and beverage creations. More details on that platform are to come.
Readers will now hear from key players on the Firmenich team discussing initiatives, triumphs as well as the development of recent launched platforms.
Gilbert Ghostine
CEO, Firmenich
Although the COVID-19 crisis continued to impact the sector, Firmenich kept on investing for the future in 2021, strengthening its performance as a responsible business. We scaled up our presence in strategic growth markets, sharpened our focus on innovation and creativity for our customers and accelerated progress on our ambitious ESG goals. I am grateful for the extraordinary dedication and energy of all our colleagues around the world through the ongoing challenges of the pandemic and we continue to prioritize their health and safety.
Our efforts paid off with double-digit growth despite new waves of COVID-19 and global challenges in raw materials and supply chains. We recorded revenues of CHF 4,5 billion, for the calendar year 2021. And our half-year performance at the end of 2021 was very strong, reaching CHF 2,241 million, up 12.3% year-over-year.
For the full article, please check out the Perfumer & Flavorist+ July 2022 issue.
