Award: Symrise Makes Excellent Contribution to Environmental Protection Worldwide
— CDP praises sustainability efforts of Symrise AG in the areas of water resources and climate protection
— Managing climate and environmental risks along the supply chain increasingly important
Its strategies to overcome ecological sustainability challenges have made Symrise AG one of the global market leaders. The renowned nonprofit organization Carbon Disclosure Project (CDP) has ranked the Holzminden-based company among the top two percent of outstanding A-list suppliers. The supplier of fragrances and flavorings was particularly lauded for the categories climate and water.
Symrise is paving a path for other companies to an energy and resource-efficient future. “Their executives are always one step ahead in seizing opportunities for environmental protection that arise,” said Paul Simpson, Chairman of the nonprofit global disclosure platform CDP, about the A-list ranking of the fragrance and flavoring manufacturer. CDP analyses how companies and governments reduce greenhouse gas emissions, use water responsibly and protect forests. The companies are divided into four different categories based on these results, from A – the highest – to D. Symrise earned an A rating for both climate protection and water protection for their activities in cooperation with their primary suppliers.
Environmental responsibility along the entire supply chain
Symrise AG was also mentioned for its responsible handling along the entire supply chain in the supply chain report. A total of 100 companies achieved an A rating in the recently published “CDP Global Supply Chain Report 2018.” This CDP ranking is based on an analysis by the business consulting firm McKinsey & Company. A total of 4,800 companies around the world provided their environmental data in this recent disclosure to the supply chain report. McKinsey’s analysis found that environmental risks are increasingly important for companies; 76 percent of suppliers surveyed identified risks for their business that are caused by climate change. 52 percent reported that they have already integrated global warming as a factor into their business strategy.
“Climate and environmental protection have the highest priority for us as a global company, especially in our sourcing processes and supplier relationships,” says Hans Holger Gliewe, Chief Sustainability Officer at Symrise. “This is evident, for example, in the nomination of our sustainable sourcing of vanilla for the Supply Chain Management Award or our dedication to sustainable cultivation of the Amazon.” These renewed accolades from the CDP make it clear that Symrise is already on a good path and bolster its plans to pursue this further.
Symrise is a global supplier of fragrances, flavorings, cosmetic active ingredients and raw materials, as well as functional ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements and pet food.
Its sales of more than € 2.9 billion in the 2016 fiscal year make Symrise a leading global provider in the flavors and fragrances market. Headquartered in Holzminden, Germany, the Group is represented with over 90 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America.
Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise – always inspiring more ...