IFF Recognized on CDP “A” List, Named a World Leader for Corporate Action on Climate Change
05 November 2015 - 9:01AM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF)
(Euronext Paris: IFF), announced that it was recognized on the CDP
Climate “A” List, earning a perfect score of 100 in disclosure and
an A in performance for its strategies and actions to mitigate
climate change. CDP is an international not-for-profit that holds
the largest collection of self-reported climate change, water and
forest-risk data and helps to drive sustainable economies.
Each year, companies from around the world submit climate
disclosures to CDP for an independent assessment against its
scoring methodology. IFF ranked among the top 5% of the
corporations participating in the program. CDP developed this list
at the request of approximately 800 of its investor partners who
represent more than a third of the world’s vested capital and who
are committed to reducing long-term risks to the environment and
local economies.
“When it comes to sustainability, we won’t accept the status
quo,” said Andreas Fibig, CEO and Chairman, IFF. “This is why it is
foundational to our Vision 2020 business strategy, and why we are
committed to embedding sustainability throughout our business
practices and our corporate culture. This honor confirms we are on
the right path in our overall sustainability journey, and we will
continue our efforts to reduce carbon emissions across our value
chain.”
This recognition comes on the heels of a series of
sustainability accomplishments, including:
- Gained industry-leading membership in
the Together for Sustainability sustainable sourcing
initiative
- Achieved For Life social responsibility
certification for Turkish Rose, Patchouli, Basil, and Vetiver
- Met and surpassed initial 2020 water
reduction goal of 25 %; reset goal to 50% by 2020
- Achieved Roundtable on Sustainable Palm
Oil (RSPO) Certification for multiple facilities
- Joined the World Business Council for
Sustainable Development (WBCSD)
- Installed the industry’s largest solar
array
- Awarded LEED Silver certification for
Indonesia Flavors plant
For more information on IFF’s sustainability initiatives, see
the Company’s 2014 Sustainability Report.
CDP’s executive chairman and co-founder Paul Dickinson says:
“The influence of the corporation is mighty. We congratulate the A
List companies that are illuminating the path to a low carbon
future through their climate leadership. The momentum of business
action on climate change suggests we are reaching a tipping point
where companies are poised to achieve their full potential. They
need ambitious policy at both a national and international level
that will support them in this regard and will catalyze
participation from industry at scale.”
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 6,200
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 and LinkedIn.
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IFFMichael DeVeau, 212-708-7164VP, Global Corporate
Communications & Investor Relations
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