PR90253

SINGAPORE, June 29, 2021 /PRNewswire=KYODO JBN/ --

More than 100 companies contribute to first 'state of play' analysis of F&F

industry sustainability actions

The first collective Sustainability Report by the fragrance and flavor

industries – published on World Environment Day on 5 June - shows positive

results against a series of commitments made by companies.

The 2020-21 Sustainability Report (ifra-iofi.org/report) is published by The

International Fragrance Association (IFRA) and the International Organization

of the Flavor Industry (IOFI). It outlines the state of play in five Focus

Areas that form part of the IFRA-IOFI Sustainability Charter – a collective

commitment to raise the bar across the industries, which was launched in July

2020 and now has 126 signatories. A third of these signatories are from the

Asia-Pacific region.

Asia-Pacific plays an integral role in the end-to-end global supply chain and

research and development (R&D) activities of the fragrance and flavor

industries. The Asia Pacific region is a key supplier of raw materials, being

the largest producers of mint, cedarwood, patchouli, other spices, and herbs.

Extracts of these materials are essential ingredients in the manufacturing

process of personal care, hygiene and sanitizing products. These products are

widely consumed across the Asia-Pacific region and beyond.

With the ongoing COVID-19 pandemic, the demand for such products maintained

good growth driven by the awareness of consumers on the need to maintain

hygiene, at a personal level as well as at home, to reduce the chances of

infection. Across the value-chain, it is creating new markets and job

opportunities, and propelling workforce upskilling, with safe use and

sustainability as key considerations as the market grows.

As such, it is heartening that the results show that more than two in every

three companies who responded to a survey, representing more than 90 per cent

of the F&F market, are already addressing the sustainability challenges

outlined in the five Focus Areas:

-On responsible sourcing, more than 70 per cent of respondents and the vast

majority of the market engage in dialogue with farmers and communities, with

most of the market having advanced human rights, labor standards and

biodiversity action plans.

-The environmental footprint of the F&F industries is relatively small with

three in four respondents, and more than 90 per cent of the market, having a

global environmental strategy, implementing eco-design measures and acting to

reduce consumption and waste.

-On employee well-being, the F&F industries show high standards on employee

well-being and offering a rewarding labor environment, including equal

opportunities, diversity and inclusion, and training. The vast majority of the

industries' employees benefit from this high standard.

-On product safety, the F&F industries are at the leading edge, and the results

show more than 90 percent of respondents engaging in dialogue with downstream

customers on product stewardship.

-On transparency and partnerships, more than three in four respondents have a

global responsive governance strategy in place, including all the largest

companies.

Launching the report, Sven Ballschmiede, IOFI Executive Director, said:

"The results in the report show a high level of maturity in the industries on

sustainability across all five Focus Areas. It has been a long, collective

effort to develop the Charter but the results in this report show we are in a

good place as the F&F industries."

"We will continue to support companies and work collectively to deliver the

tools and partnerships for progress in upcoming reports."

Martina Bianchini, IFRA President, added:

"Sustainability is an imperative for all industries, and not least the F&F

industries, which are rooted in nature. With the publication of this

Sustainability Report, we have reached a significant milestone on our

sustainability journey – but our work goes on to expand uptake of the Charter,

raise awareness, and work with customers, partners and stakeholders to design

the safe and sustainable products of the future."

The results in the 2020-21 Report will form the baseline for future reports,

allowing the industries to track progress. The Report also highlights a series

of collective actions taken since the launch of the Charter eleven months ago,

as well as partnerships and initiatives undertaken by IFRA and IOFI on behalf

of the industries.

The Charter continues to be open to signatories from fragrance and flavor

companies around the world. Signatories will provide data on progress in 2021

ahead of the publication of the next report in mid-2022.

For more information on the Charter, go to ifra-iofi.org.

About the International Fragrance Association

The International Fragrance Association, founded in 1973, represents the

interests of the fragrance industry worldwide. IFRA comprises seven

multinational Regular Members and 21 national associations in four global

regions representing hundreds of small and medium-sized fragrance ingredient

manufacturers, as well as supporting members. Its mission is to promote the

safe use of fragrance for everyone's enjoyment.

Fragrances are a key platform technology used by consumer goods companies – for

fine fragrances, personal care products, household care and more.

IFRA's flagship safe use program, the IFRA Standards, applies safety management

measures based on scientific assessment and the evaluations of an independent

Expert Panel. The program is at the heart of the IFRA Code of Practice, which

applies to all IFRA members globally, including members of IFRA's 21 national

associations. The Code also requires members to abide by local, national and

international regulation, and to apply good manufacturing practices.

SOURCE The International Fragrance Association (IFRA)