January 22, 2019, | New York, New York – Firmenich S.A., the world’s largest privately-owned fragrance and flavor company announced earlier today, that they received a triple “A” ranking for Climate Change, Water Security, and Forests sustainability in 2018, from the Carbon Disclosure Project (CDP); an accomplishment matched by only one other organization, globally.
CDP assesses companies from A to D-, on the comprehensiveness of their disclosure, awareness, management, and leadership of environmental risks. In 2018, CDP evolved their process and approach to disclosure by updating their scoring methodology in response to market needs and urgency of ecological challenges that face the world. The full list of companies that made this year’s CDP A-List is available here.
“We are immensely proud to be one of only two companies globally to have achieved CDP’s triple ‘A’ ranking,” stated Firmenich’s CEO, Gilbert Ghostine on their press release, “Ever since we made our first public environmental commitment three decades ago, we have been leading real change in sustainable business. We owe this year’s outstanding result to our teams’ deep belief in inclusive capitalism, committed to making a positive difference for our customers, people and the planet.”
“Building on the breadth and depth of our programs, we are actively partnering across our supply chain to scale up our climate change mitigation actions,” commented Neil McFarlane, Firmenich’s Senior Vice President, Quality, Health, Safety, Security & Environment on their press release, “Accelerating the transition towards a more sustainable global economy, we look forward to continuing our collaboration with CDP to share best practices on our journey towards zero impact.”
“We congratulate Firmenich on this outstanding achievement,” stated Sree Velicheti, CEO of EXP, “We are proud to be a partner with an organization that shows such exemplary level of commitment to sustainability excellence and continues to inspire as an industry leader. ”
EXP delivers award-winning enterprise Quality, Health, Safety and Environment (QEHS) management systems. Since 1999, EXP has deployed software platforms for clients in over 100 countries, including some of the most admired global companies. EXP’s customers are consistently recognized globally for their world-class QHSE programs. More information about EXP is available at www.exp-inc.com
Firmenich is the world’s largest privately-owned perfume and taste company, founded in Geneva, Switzerland, in 1895. Driven by its purpose to create positive emotions to enhance wellbeing, naturally, Firmenich has designed many of the world’s best-known perfumes and tastes, bringing delight to over four billion consumers every day. Renowned for its world-class research and creativity, as well as its leadership in sustainability, each year, Firmenich invests 10% of its turnover in R&D to understand and share the best that nature has to offer responsibly. Firmenich had an annual turnover of 3.7 billion Swiss Francs at end June 2018.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 7,000 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2018. This is in addition to the over 750 cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Visit www.CDP.net or follow us @CDP to find out more.