IFF Launches New Sustainability Strategy
June 01 2016 - 4:15PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF), a leading innovator of sensory experiences that move
the world, has released its 2015 sustainability results in a report
entitled, “Creating a Sustainable Future,” and announced the launch
of a new sustainability strategy. IFF is embracing a new
aspirational vision to lead positive transformational changes
toward a regenerative, healthy and abundant world.
“Sustainability is critical to our success as a business,” said
Andreas Fibig, Chairman and CEO of IFF. “2015 was a testament to
our progressive and forward-thinking approach as sustainable
leaders within our industry and the results highlighted in our 2015
sustainability report illustrate that perfectly. But our focus must
always be on what is next, not what we’ve done. For that reason, we
have launched our ambitious new sustainability vision and strategy
that we believe can create a positive and measurable difference in
the world.”
As an enabler of IFF’s Vision 2020 business strategy, creating a
sustainable future is essential to IFF’s long-term growth. As such,
the new sustainability strategy is centered on three main aspects:
Positive Principles, Regenerative Products and Sensational People.
Through this strategy, IFF is committed to engaging its people and
partners to ask what if? – and to tackle complex challenges by
reimagining what is possible when sustainability, innovation and
passion combine.
In developing the new strategy, the IFF team immersed itself in
the principles of the circular economy and drew inspiration from
Cradle to Cradle® design thinking, which both prioritize designing
products and processes for resource effectiveness, recovery and
reutilization. A circular economy, in contrast to a linear
“take–make–dispose” economy, is one where there is no waste and
products are optimized for use to move safely through the
biological and technical cycles.
“We have made excellent progress with our current strategy over
the past five years, which created the foundation for the
pioneering work we are beginning to engage in today,” said Kip
Cleverley, Director, Global Sustainability for IFF. “Our evolved
strategy inspires us to rethink the possibilities of sustainability
within the context of a circular economy, and ultimately pave the
way for transformational change – both within our industry and the
broader global community.”
With the release of its 2015 sustainability report “Creating a
Sustainable Future” today, IFF celebrates important milestones on
the path to the new sustainability vision and strategy. Notable
2015 accomplishments include:
- Year-over-year company-wide reductions
in water use, energy use and greenhouse gas emission
intensities
- CDP Climate “A” List rating and a
perfect score of 100 in disclosure and an “A” in performance by the
Carbon Disclosure Leadership Index
- Formalized support of the United
Nations Global Compact and the American Business Act on Climate
Pledge
More recently, IFF launched the first-ever Cradle to Cradle
Certified™ fragrance, PuraVita™, at the Sustainable Cosmetics
Summit in New York, and will soon celebrate a new on-site wind
turbine at its Tilburg, Netherlands facility – an industry
first.
“Pioneering firsts such as our proof of concept fragrance
PuraVita and our new wind turbine are not only breakthroughs for
our company,” said Nicolas Mirzayantz, Group President, Fragrances,
and Executive Sustainability Sponsor “but powerful examples where
we are intentionally using a regenerative mindset to design
products and processes to enable and enhance well-being, for both
people and our planet.”
IFF looks ahead to more pioneering firsts, proofs of concept and
innovative partnerships realized together with employees,
customers, suppliers and community partners.
For more information about IFF’s sustainability initiatives,
visit http://www.iff.com/sustain.
# # #
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF) is a leading innovator of sensorial experiences that
move the world. At the heart of our company, we are fueled by a
sense of discovery, constantly asking “what if?” That passion for
exploration drives us to co-create unique products that consumers
taste, smell, or feel in fine fragrances and beauty, detergents and
household goods, as well as beloved foods and beverages. Our 6,700
team members globally take advantage of leading consumer insights,
research and development, creative expertise, and customer intimacy
to develop differentiated offerings for consumer products. Learn
more at www.iff.com, Twitter, Facebook, Instagram, and
LinkedIn.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160601006899/en/
International Flavors & Fragrances Inc.Michael DeVeau,
212-708-7164VP Global Corporate Communications & Investor
RelationsMichael.DeVeau@iff.com
International Flavors an... (NYSE:IFF)
Historical Stock Chart
From Mar 2024 to Apr 2024
International Flavors an... (NYSE:IFF)
Historical Stock Chart
From Apr 2023 to Apr 2024