2018 Sustainability Report Captures IFF Advancement “Toward a Circular Future”
May 09 2019 - 4:15PM
Business Wire
International Flavors & Fragrances Inc. (NYSE: IFF)
(Euronext Paris: IFF), a leading innovator of scent, taste, and
nutrition, today announced the publication of its 2018
Sustainability Report: Toward a Circular Future. The report
highlights IFF’s accomplishments in embedding circular economy
principles throughout the business and covers the Company’s
achievements in leveraging sustainable practices within its global
footprint.
Andreas Fibig, IFF Chairman and CEO, said: “The work that our
employees have accomplished to ensure we continue to excel at our
environmental goals is extraordinary. From our value chain to our
leadership team, we have dedicated ourselves to creating a circular
economy we can be proud of.”
Having surpassed its 2020 goals for greenhouse gas emissions
(goal 25%, actual 33.8%), water (goal 50%, actual 68.2%) and
hazardous waste (goal 25%, actual 42.1%) in 2017, the Company
launched EcoEffective+ in 2018, which includes a science-based
reduction target for greenhouse gas emissions, as its next
generation of environmental goals.
Focusing on the platforms of Positive Principles, Sensational
People and Regenerative Products, the report demonstrates IFF’s
consistent progress with ambitious business and sustainability
initiatives intended to create value for all its stakeholders.
Key highlights include:
- Named A list for CDP Climate Change for
the fourth consecutive year; Earned “A” for Water Security for the
first time
- Listed on Barron’s 100 Most Sustainable
U.S. Companies, Euronext Vigeo’s World 120 Index and FTSE4Good
Developed Market Index
- Named a finalist in The Circulars, the
world’s premier circular economy award program
- Announced company-wide Diversity &
Inclusion vision and mission
- Piloted blockchain technology as a tool
for ingredient traceability
- Achieved the industry’s first
FairWild-certified flavor or fragrance ingredient commercially
available, globally
- Launched a patchouli initiative to
support smallholder farmers in Indonesia
- Completed the Vetiver Together pilot
program assisting 450 small-scale vetiver farmers in southern Haiti
to increase food security and income diversification while
supporting women’s empowerment efforts and environmental
conservation
“With the launch of EcoEffective+ last year, we embraced more
robust targets for emission reductions, zero waste to landfill and
water stewardship,” said Greg Yep, EVP and Chief Scientific and
Sustainability Officer. “This roadmap will take us to 2025 and will
help us support customers and stakeholders to achieve their own
sustainability goals. A true partner, we are excited to collaborate
with others to help safeguard our world and create a sustainable
future.”
To read IFF’s 2018 Sustainability Report visit iff.com/sustain
and use #SustainxIFF to follow the conversation on our social
channels.
# # #
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF)
(Euronext Paris: IFF) (TASE: IFF) is a leading innovator of scent,
taste, and nutrition, with 97 manufacturing facilities, 105 R&D
centers, and 39,000 customers globally. 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 experience in more than 90,000
unique products sold annually. Our 13,000 team members globally
take advantage of leading consumer insights, naturals exploration,
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: https://www.businesswire.com/news/home/20190509005738/en/
Michael DeVeauHead of Investor Relations and Communications
& Divisional CFO, Scent212.708.7164Michael.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