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HomeItalian NewsFirmenich Strengthens Sustainability Efficiency in FY2022 – Libero Quotidiano

Firmenich Strengthens Sustainability Efficiency in FY2022 – Libero Quotidiano


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Audited ESG Report 2022 reveals accelerated progress towards industry-leading targets for 2025

GENEVA, Sept. 12, 2022 /PRNewswire/ — Firmenich, the world’s largest privately-owned perfume and style firm, at the moment releases its annual Environmental, Social and Governance (ESG) Report, monitoring progress towards the group’s groundbreaking sustainability targets. Fiscal 12 months (FY) 2022 was marked by sturdy sustainability efficiency throughout the Group’s three key pillars, local weather, nature, and other people, backed by rising, best-in-class impartial analysis and bolstered ESG governance.

 

“I’m proud that we continued to speed up our industry-leading ESG actions regardless of the difficult financial local weather and saved making measurable progress towards our 2025 targets, even exceeding them for renewable elements and Residing Wage,” stated Gilbert Ghostine, CEO Firmenich. “Our Firmenich Inclusive Capitalism enterprise mannequin is gaining extra traction and proving increasingly related in at the moment’s world. Yearly, new local weather extremes are having a rising influence throughout the globe: Firmenich’s daring environmental ambition is a crucial enterprise funding at the moment and for the longer term.”

“Firmenich ESG technique retains progressing throughout our personal operations and alongside our provide chain,” stated Thomas Andro, Senior Director, Company Sustainability. “Moreover, shopper demand for sustainable merchandise is a structural development development in our {industry} and Firmenich’s excellent ESG credentials, mixed with our management and innovation in pure and renewable elements, have gotten much more related for our prospects as they progress with their very own sustainability roadmaps.”

FY2022 ESG Efficiency Highlights

Total, Firmenich achieved an upgraded ranking from Sustainalytics with a rating of seven.5, within the international high 50 of roughly 15,000 firms, that highlights the Group’s low ESG danger profile. A second consecutive Platinum ranking by Ecovadis with an industry-leading rating of 88% positioned Firmenich within the high 1% of all firms assessed worldwide. The Group was additionally rated for the primary time as one of many “2022 World’s Most Moral Corporations” by Ethisphere®, a world chief in defining and advancing the requirements of moral enterprise practices.

Firmenich continued to work actively in alliances and partnerships, together with the UN International Compact, the Union for Moral Biotrade (UEBT), One Planet Enterprise for Biodiversity (OP2B), and the Science-Based mostly Targets initiative (SBTi), to drive constructive change at scale and foster efficient motion on local weather, nature, and other people within the enterprise neighborhood.

Extra detailed info on Firmenich’s ESG journey is accessible on-line within the ESG Report 2022.

The connected visuals from pp 9-10 of the report present a snapshot of ESG efficiency highlights and progress in opposition to targets within the local weather, nature and other people pillars.

Disclosure

The Firmenich ESG Report 2022 is aligned with the OECD Pointers for Multinational Enterprises, the SASB Materiality Map®, and is ready in accordance with the International Reporting Initiative’s (GRI) requirements. The ESG Report’s contents additionally present an replace on the Group’s progress with the implementation of the ten princi­ples of the UN International Compact, the Sustainable Growth Objectives (SDGs), in addition to B Corp certification. The doc has been independently audited, receiving an inexpensive degree of assurance.

About Firmenich

Firmenich, the world’s largest privately-owned perfume and style firm, was based in Geneva, Switzerland, in 1895, and has been family-owned for 127 years. Firmenich is a number one business-to-business firm specialised within the analysis, creation, manufacture and sale of perfumes, flavors, and elements. Famend for its world-class analysis and creativity, in addition to its management in sustainability, Firmenich gives its prospects superior innovation in formulation, a broad and high-quality palette of elements, and proprietary applied sciences together with biotechnology, encapsulation, olfactory science, and style modulation. Firmenich had an annual turnover of 4.7 billion Swiss Francs at finish June 2022. Extra details about Firmenich is accessible at www.firmenich.com.

[1] Firmenich moved to majority possession of ArtSci in Could 2022. This entity will not be included within the scope of the report and can be built-in steadily within the Group’s ESG framework in FY2023.

Picture – https://mma.prnewswire.com/media/1893681/Firmenich_performance.jpgPhoto – https://mma.prnewswire.com/media/1893682/Firmenich_tracker.jpgLogo – https://mma.prnewswire.com/media/798187/Firmenich_Logo.jpg

 

 

 



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