Firmenich in Top 2 Worldwide With CDP Triple 'A' for Climate Change, Water & Forests

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GENEVA, Jan. 22, 2019 /PRNewswire=KYODO JBN/ --

Firmenich has been ranked by CDP as a world leader in environmental management,

one of only two companies this year to achieve CDP triple "A" status for

climate change, water security and forests. This world-class distinction is

testament to Firmenich's commitment to conducting its business responsibly,

with ambitious sustainability goals embedded in its strategy.

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"We are immensely proud to be one of only two companies globally to have

achieved CDP's triple "A" ranking," said Gilbert Ghostine, CEO, Firmenich.

"Ever since we made our first public environmental commitment three decades

ago, we have been leading real change in sustainable business. We owe this

year's outstanding result to our teams' deep belief in inclusive capitalism,

committed to making a positive difference for our customers, people and the

planet."

Sonya Bhonsle, Global Head Supply Chain at CDP, commented: "We congratulate

Firmenich for making it onto CDP's A Lists this year for its actions to tackle

climate change, deforestation and water security. This achievement demonstrates

the company's continuing commitment to scaling up environmental action, in

order to meet the Paris Agreement and Sustainable Development Goals. As a CDP

supply chain member it provides leadership to suppliers by demonstrating best

practice and showing what can be achieved."

"Building on the breadth and depth of our programs, we are actively partnering

across our supply chain to scale up our climate change mitigation actions,"

commented Neil McFarlane, Senior VP Quality, Health, Safety, Security &

Environment, Firmenich. "Accelerating the transition towards a more sustainable

global economy, we look forward to continuing our collaboration with CDP to

share best practices on our journey towards zero impact."

CDP assesses companies on the comprehensiveness of their disclosure, their

awareness and management of environmental risks and their demonstration of best

practices associated with environmental leadership, such as setting ambitious

and meaningful targets. The full list of companies that made this year's CDP A

List is available here, along with all other public company scores:

https://www.cdp.net/en/scores.

In 2015, Firmenich announced its vision to become a carbon neutral company as

well as its ambitious Environmental Goals for 2020. One of only 160 companies

worldwide to have approved science-based targets, the Swiss company committed

to operating with 100% renewable electricity or offsets, along with a 20%

reduction in absolute CO2 emissions and a 25% decrease of water use in water

stressed areas. On track to deliver these goals, the perfume and taste company

currently operates with 100% renewable electricity across all of its US and

European manufacturing sites. Learn more about Firmenich's 2020 environmental

goals and commitments to climate change mitigation in its "Performance and

Sustainability Report 2018." To view it, click here.

Note to editors

The full methodology and criteria for the Climate Change, Forests and Water

Security A Lists are available on CDP's website at:

https://www.cdp.net/en/guidance/guidance-for-companies under 'CDP scoring

methodologies 2018'. The 2018 CDP A List includes the CDP Supplier A List,

which in previous years was released separately.

About Firmenich

Firmenich is the world's largest privately-owned perfume and taste company,

founded in Geneva, Switzerland, in 1895. Driven by its purpose to create

positive emotions to enhance wellbeing, naturally, Firmenich has designed many

of the world's best-known perfumes and tastes, bringing delight to over four

billion consumers every day. Renowned for its world-class research and

creativity, as well as its leadership in sustainability, each year, Firmenich

invests 10% of its turnover in R&D to understand and share the best that nature

has to offer responsibly. Firmenich had an annual turnover of 3.7 billion Swiss

Francs at end June 2018. More information about Firmenich is available at

www.firmenich.com

About CDP

CDP is an international non-profit that drives companies and governments to

reduce their greenhouse gas emissions, safeguard water resources and protect

forests. Voted number one climate research provider by investors and working

with institutional investors with assets of US$87 trillion, we leverage

investor and buyer power to motivate companies to disclose and manage their

environmental impacts. Over 7,000 companies with over 50% of global market

capitalization disclosed environmental data through CDP in 2018. This is in

addition to the over 750 cities, states and regions who disclosed, making CDP's

platform one of the richest sources of information globally on how companies

and governments are driving environmental change. CDP, formerly Carbon

Disclosure Project, is a founding member of the We Mean Business Coalition.

Visit www.CDP.net or follow us @CDP to find out more.

Source:  Firmenich