Fragrances and flavours company Givaudan has released its 2013 Sustainability Report. Givaudan says that te publication demonstrates that it made significant progress across all five pillars of its sustainability strategy in 2013, notably in relation to 2020 eco-efficiency targets, which cover CO2 emission, energy consumption, waste and water reduction. The report discloses to a Global Reporting Initiative (GRI) level of B+.
According to the company, it has been recognised as a top, ‘A-band’ performer in the Carbon Disclosure Project’s (CDP) 350 Climate Change Report 2013 for Germany, Austria and Switzerland, which ranks companies on how they measure, disclose and manage climate-related risks and opportunities. The Sustainability Report also emphasises the importance Givaudan places on partnerships. Featured collaborations in the document include working with cross-industry bodies, such as AIM-PROGRESS and Sedex, as well as a variety of commercial partners.
“Sustainability impacts our commercial performance in a number of ways,” said Gilles Andrier, CEO. “Firstly, across the organisation, with progress on our eco-efficiency targets, we are avoiding additional costs in our manufacturing operations. Secondly, sustainable innovation also offers up new revenue opportunities with an increased demand for products with health and wellness benefits. Finally, our sustainability efforts bring positive social impacts and improved environmental performance, where local communities, and Givaudan, all benefit.”
The company has changed its formatting for the report in 2013, developing a suite of documents tailored to meet different stakeholder needs. A technical GRI Report, which details progress against KPIs is independently assured by Ernst & Young. The Sustainability Report itself, as well as documenting performance, includes an exploration of the issues related to sustainable innovation and responsible sourcing: topics of high interest to Givaudan’s stakeholders.
