IFF Named to Barron’s 100 Most Sustainable Companies List for Third Consecutive Year
February 10 2020 - 4:15PM
Business Wire
Regulatory News:
IFF (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF), a leading
innovator of taste, scent and nutrition, today announced its third
consecutive recognition on Barron’s 100 Most Sustainable Companies
List, an index first launched in February 2018. It joins the ranks
of 99 other leading U.S. companies assessed for environmental,
social and corporate governance practices.
“We are delighted to once again be named to Barron’s prestigious
sustainability index,” said Andreas Fibig, IFF Chairman & CEO.
“This recognition is further testament to our passionate employees
across the world and IFF’s commitment to global sustainability
leadership, as we redefine how we live in and care for the
resources of our world.”
In partnership with U.S. based investment advisory firm Calvert
Research and Management, the Barron’s list was compiled by
evaluating the 1000 largest publicly traded companies against
hundreds of ESG performance indicators. These indicators, which
address topics such as workplace diversity, data security and
greenhouse-gas emissions, were then used to rank each company’s
performance in five key constituencies: shareholders, employees,
customers, community and the planet.
IFF’s EVP, Chief Global Scientific & Sustainability Officer
Dr. Gregory Yep said, “This is a fantastic achievement for IFF,
where sustainability priorities remain deeply connected to the
overall success of our organization. As IFF continues to grow and
evolve, we remain focused on opportunities to create a smarter,
greener and more viable company positioned to protect our planet
and the well-being of future generations.”
Through 2019, the Company:
- Continues to execute on its environmental goals focused on
emission reductions, zero waste to landfill and water stewardship,
known collectively as “EcoEffective+”
- Signed the United Nations’ “Business Ambition for 1.5°C – Our
Only Future” pledge, a campaign to put more aggressive
science-based goals into action to help limit global temperature
rise to 1.5 degrees Celsius
- Received Double-A distinction from CDP, including recognition
on CDP’s A List for Climate Change (fifth consecutive) and Water
Security (second consecutive), reaffirming IFF’s global leadership
in environmental responsibility
- Opened the industry’s largest solar array at its Union Beach,
New Jersey property, which is expected to generate over nine
million kilowatt hours annually, powering IFF’s R&D facility
and returning any excess energy to the grid
- Deepened its commitment to diversity and inclusion by signing
onto the United Nations Global LGBTI Standards of Conduct for
Business (“the Standards”), joining 250 of the world’s largest
companies in the pledge to tackle discrimination against lesbian,
gay, bisexual, transsexual and intersex (LGBTI) people in the
community, workplace and marketplace
- Solidified its commitment to gender parity and women’s
empowerment by pledging to adopt the United Nations Women’s
Empowerment Principles (“the Principles”), a set of seven tenets to
advance and empower women and provide equal treatment in the
workplace, marketplace and community
- Received the 2019 “Industry Mover” award from SAM, a subsidiary
of RobecoSAM which specializes in providing ESG data, benchmarks
and ratings, for the Company’s top-scoring performance in economic,
social and environmental categories
- Pledged to achieve a full global EDGE certification in 2020, to
advance the Company’s certification from the Economic Dividends for
Gender Equality (EDGE) for its business in the United States
- Installed a series of nesting platforms to support the
conservation of ospreys, a North American raptor species challenged
by environmental changes
For more information on sustainability at IFF, visit
https://www.iff.com/en/our-purpose/sustainability.
# # #
Welcome to IFF
At IFF (NYSE:IFF) (Euronext Paris: IFF) (TASE: IFF), we’re using
Uncommon Sense to create what the world needs. As a collective of
unconventional thinkers and creators, we put science and artistry
to work to create unique and unexpected scents, tastes, experiences
and ingredients for the products our world craves. Learn more at
iff.com, Twitter , Facebook, Instagram, and LinkedIn.
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Michael DeVeau Head of Investor Relations and Communications
& Divisional CFO, Scent 212.708.7164 Michael.DeVeau@iff.com
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