IFF gets top marks for responding to climate change

By Deanna Utroske contact

- Last updated on GMT

Related tags: Climate change

IFF gets top marks for responding to climate change
The fragrance maker scored high marks from the CDP for disclosing information about its carbon footprint and for actions to diminish climate change. 

The non-profit works at the intersection where industry meets climate issues and natural resources. “By leveraging market forces including shareholders, customers and governments, CDP has incentivized thousands of companies and cities across the world’s largest economies to measure and disclose their environmental information,” 

(CDP is an initialism for the organization’s former name: the Carbon Disclosure Project.) 

Well credentialed

As Christiana Figueres, UNFCCC executive secretary, makes clear in a video on the CDP site, “whether it is avoiding a physical loss of assets, eventually paying out for liabilities that we’re incurring today, or the risk of stranded assets in the transition to a low emission economy, disclosures help investors make informed decisions about what to include in their portfolios.”

It’s no wonder then that IFF proudly announced in a press release this week that  ​the company “ranked among the top 5% of the corporations participating in the program.” 

IFF highlighted some of its other sustainability accolades in the release: 

  • Gained industry-leading membership in the Together for Sustainability sustainable sourcing initiative
  • Achieved For Life social responsibility certification for Turkish Rose, Patchouli, Basil, and Vetiver
  • Met and surpassed initial 2020 water reduction goal of 25 %; reset goal to 50% by 2020
  • Achieved Roundtable on Sustainable Palm Oil (RSPO) Certification for multiple facilities
  • Joined the World Business Council for Sustainable Development (WBCSD)
  • Installed the industry’s largest solar array
  • Awarded LEED Silver certification for Indonesia Flavors plant

Corporate objectives

More often than not now, it’s common practice for large corporations to charge its leadership with the responsibility of managing carbon emissions and related issues.  

According to the CDP, 75% of companies on its A list offer incentives for climate change management and 94% have board level oversight. “When it comes to sustainability, we won’t accept the status quo,”​ says Andreas Fibig, CEO and chairman of IFF, in the press release.

He adds that sustainability is an important aspect of IFF’s business practices and corporate culture. “This honor confirms we are on the right path in our overall sustainability journey, and we will continue our efforts to reduce carbon emissions across our value chain,” ​says Fibig.

Measuring up

IFF earned a position on the organization’s A list, in the materials category. Symrise AG and Givaudan SA also made the list.

Criteria for gaining a spot on the A list are based on the CDP’s multifaceted evaluation system and can be seen in the group’s full 2015 global climate change report​.

“We congratulate the A List companies that are illuminating the path to a low carbon future through their climate leadership,” ​says the CDP’s executive chairman and co-founder Paul Dickinson. He adds that, “the momentum of business action on climate change suggests we are reaching a tipping point where companies are poised to achieve their full potential.”

And while through the efforts of the CDP, investor attention looks to be moving the needle, “[companies] need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale,” ​emphasizes Dickinson.

Related news

Show more

Related products

show more

Uncover the secrets behind Rockstar CFOs

Uncover the secrets behind Rockstar CFOs

Oracle NetSuite | 13-Apr-2021 | Technical / White Paper

CFOs have never worked harder, but what makes a successful CFO such a rockstar? High-performing CFOs understand the mission, goals and objectives of the...

Lebermuth’s S/S 2022 Fragrance Trend Report

Lebermuth’s S/S 2022 Fragrance Trend Report

The Lebermuth Company | 09-Dec-2020 | Research Study

Explore your senses from around the world and uncover 8 new fragrances by Lebermuth's perfumers that were inspired by Spring & Summer 2022 consumer...

Scent Expedition: Madagascar

Scent Expedition: Madagascar

Symrise | 15-Jul-2020 | Product Presentation

With 90% of its plants and animals found nowhere else, Madagascar is a wealth of biodiversity like no place else on earth. This island off the coast of...

Firmenich Sharing Innovation 2020 Collection

Firmenich Sharing Innovation 2020 Collection

Firmenich | 30-Jun-2020 | Product Presentation

Once again, Firmenich has opened its treasure chest of exceptional ingredients, created from its industry-leading science platforms. The company shares...

Related suppliers

Follow us

Products

View more

Webinars