IFF Confirms Global Sustainability Leadership with EcoVadis “Gold” Status, CDP “A-” Rating
October 26 2017 - 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, confirmed its global leadership position in corporate
sustainability, earning a “Gold” status rating by EcoVadis and
maintaining its leadership level by CDP.
“We are delighted to be recognized among the global companies
working toward a sustainable future,” said Andreas Fibig, Chairman
and CEO. “I have often said that when it comes to sustainability,
we will not accept the status quo. Aligned with our sustainability
strategy, we are wholly committed to doing our part to transition
to a circular economy—one that is restorative and regenerative by
design. To be tested and validated by companies like EcoVadis and
CDP helps keep us – and the industry - on the right path.”
The EcoVadis scoring system promotes increased focus on
sustainable performance throughout the supply chain, emphasizing
the environment, fair labor and fair business practices. This year,
IFF achieved an EcoVadis score of 72 of 100 points, placing it in
the top 1% of suppliers in the industry segment -- a “gold” status
rating.
IFF also earned an overall rating of “A-” in both the climate
change and water assessments conducted by CDP. For the past 16
years, international not-for-profit CDP has facilitated
environmental awareness and sustainable practices through its
global disclosure system. IFF remains at the leadership level of
the CDP’s climate change program for the third consecutive year,
underscoring the company’s commitment to a sustainable future.
“These honors reflect our continuous efforts to make a positive
difference in the world,” said Dr. Gregory Yep, Chief Scientific
and Sustainability Officer. “We challenge ourselves each year to
improve the quality and transparency of our disclosures while
making meaningful progress in water and carbon management.”
The Company achieved year-over-year reductions of 5% and 7% in
energy and greenhouse gas emissions intensities respectively, and
reduced its water footprint by more than 58% since 2010.
“To ensure integration of positive principles across IFF
globally, we have Green Teams at all of our manufacturing
facilities and several of our creative centers and offices,” said
Kip Cleverley, VP Global Sustainability. “Green Teams are
cross-functional groups of employees who have a demonstrated
passion for sustainability. They identify and implement
eco-effectiveness projects to help their locations operate
responsibly—empowering others to ‘go green’.”
Explore IFF’s 2016 Sustainability Report, “Circular by Design,”
and learn more about the company’s response to global environmental
change.
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 7,400
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171026006535/en/
International Flavors & Fragrances Inc.Michael DeVeau,
212-708-7164VP, Corporate Strategy, Investor Relations &
CommunicationsMichael.DeVeau@iff.com
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