Firmenich has announced that it has 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.
This surpasses the group’s previous score of 8.6 in February 2021, which according to a release, had placed Firmenich in the top 1% of all rated companies.
The improvement in this rating is linked to progress along all three dimensions of ESG, including in renewable energy programs, human capital development and ESG reporting audit.
Sustainalytics is a global leader in ESG and corporate governance research and ratings, evaluating companies against sustainability risks, which can have material consequences for businesses.
Firmenich is also ranked in the top 10 of the World Benchmarking Alliance’s food and agriculture benchmark.
Gilbert Ghostine, CEO of Firmenich, said, “We are very proud to have again received such a positive rating from Sustainalytics. Our people are engaged every day to ensure that we deliver on our ambitious Environmental, Social and Governance (ESG) commitments. Responsible business is at the center of our strategy and is a source of trust for our customers and our investors. Our leadership in ESG offers differentiation and a competitive advantage for our company. We are committed to continue raising the bar in ESG and to reach our ambitious 2025 targets for climate and nature, including carbon-neutral direct operations by 2025.”