IFF Joins Forces with WBCSD FReSH Initiative Targeting Food Waste
October 30 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, has joined FReSH, a project of the World
Business Council on Sustainable Development (WBCSD) designed to
improve the health of people and the planet by recalibrating the
global systems of consumption, transportation, production and
agriculture, thus achieving the initiative’s goal to make
responsibly produced, healthy, enjoyable diets available for all. A
standing member of the WBCSD, IFF will join forces with the EAT
Foundation and 38 leading businesses to accelerate transformational
change in global food systems.
“As an Executive Committee member of the WBCSD, I am proud for
IFF to engage in such a critical initiative that impacts so many
people’s lives daily,” said Andreas Fibig, IFF Chairman and CEO.
“We are passionate about doing the right thing and happy to have
the opportunity to contribute in areas where we can make a positive
difference in the world.”
Launched in the beginning of 2017, FReSH - the Food Reform for
Sustainability and Health program – identified five work streams
necessary to create transformative change. IFF will focus on the
food loss and waste work stream. This is aligned with the Company’s
sustainability strategy that calls for developing regenerative
products using circular economy principles.
“We are pleased to welcome IFF to FReSH and to integrate IFF’s
leadership and commitment into the Food Loss and Waste workstream,”
said Peter Bakker, WBCSD CEO. “FReSH aims to transform global food
systems and we are confident IFF will bring valuable industry
experience to the table.”
“One-third of food produced is lost or wasted, amounting to
about 1.3 billion tons annually, with a global cost of more than
$400 billion,” said Dr. Gregory Yep, EVP, Chief Global Scientific
& Sustainability Officer. “IFF is deeply connected with the
global food industry, and we are committed to finding sustainable
and responsible solutions that will lead to a regenerative,
abundant and healthy world.”
“As part of this collaboration, we have an excellent opportunity
to work with partners and peers who are as committed to creating
improved pathways and accelerating transformational change as we
are at IFF,” continued Dr. Yep. “We thank WBCSD and EAT for
creating this phenomenal partnership and we look forward to pushing
the boundaries to ensure more people have access to healthy,
affordable and sustainably produced food.”
# # #
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/20171030006129/en/
International Flavors & Fragrances Inc.Michael DeVeau,
212-708-7164VP, Corporate Strategy, Investor Relations &
CommunicationsMichael.DeVeau@iff.com
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