Sustainability Along the Value Creation Chain
We are convinced that good and responsible management is the precondition and indispensable basis for Symrise’s success and for sustainable added value. Our success is founded first and foremost on the trust that our customers, employees and investors place in us. It is our aim to justify and strengthen this trust.
We aim to improve continuously and generate shared value in every phase of our value creation in respect of the four dimensions. Our sustainability strategy is not a static structure but one that responds to changing demands of stakeholders, customers and business developments.
We have continuously consolidated our corporate and sustainability strategy and progressively dovetailed sustainability with our business activities. But there’s still a lot more we can do. Learn more about our progress in the areas of sourcing, innovations, the environment, employees and society.
Shaping the Future Together
Symrise sustainability ambassadors from every division and region met up in 2012 as part of a Global Sustainability Workshop. They passionately exchanged experiences and engaged in constructive discussions – resulting in the adoption of numerous concrete measures that will take sustainability at Symrise to the next level.
Top Ranking for Sustainability Efforts
Symrise AG is one of the most sustainable chemical companies in the world. This was confirmed by the internationally recognized sustainability rating agency oekom research AG. The agency assessed the sustainability performance of 101 of the world’s largest chemical companies. Symrise AG was given a B- grade, placing it at the top of the chemical industry and granting it Prime Status, which qualifies the company as a sustainable investment (SRI). Only four other companies received this status.
Clear Commitment to Sustainability
Symrise signed the United Nation’s Global Compact, the world’s largest voluntary initiative for corporate responsibility, in 2012. In doing so, the company commits itself to the goals of the compact: uniting entrepreneurial activity with societal and environmental concerns.
Honored: Symrise Wins German Sustainability Award 2012
Symrise AG won the German Sustainability Award in the category of “Germany’s Most Sustainable Initiative” in December 2012. The company impressed the jury with its approach to the sustainable procurement of vanilla in Madagascar. Symrise works directly with over 1,000 farmers there and improves their socioeconomic situation by means of targeted measures in the areas of nutrition, health and education. The company also benefits from reliable access to high-quality raw materials and offers its customers added value when it comes to this highly coveted flavoring. The award underscores Symrise’s leadership in taking on entrepreneurial, social and environmental responsibility.
As part of a global survey, we invited over 600 customers, employees, investors and suppliers to share their assessments of our performance and sustainability efforts. With 294 stakeholders participating, the response rate was over 45 %. The results show that around three quarters of the survey participants are either satisfied or very satisfied with our strategic approach and assess our sustainability efforts as being good to excellent compared to our competitors.
Expanded Presence in Latin America
Symrise opened a new Center of Excellence in the São Paolo region of Brazil in August 2012. It pools research and development activities while also facilitating closer cooperation with market research, sales and marketing. The building complex was constructed and designed with sustainability and environmental protection in mind.
Leader in the Carbon Disclosure Project
According to the assessments of the non-profit organization Carbon Disclosure Project, Symrise factors the risks and opportunities of climate change into its core business and shows a high level of external transparency. With 88 points out of a possible 100, Symrise is the highest-rated company regarding transparency on the MDAX and is among the top 5 in the chemical industry in Germany, Austria and Switzerland.