For the third time in a row, the sustainability rating agency EcoVadis has awarded the fragrance and flavor manufacturer Symrise the gold status for outstanding sustainability management. In terms of ecological, social and ethical sustainability, the Holzminden-based company was once more among the top three percent of all manufacturers evaluated by EcoVadis in its category.
In the overall rating of its corporate social responsibility of 72 out of 100 possible points, Symrise achieved a rating far above the sector average and exceeded its own top score from the previous year by four points. In the environment section, the Group was again among the top two percent of its category with 80 points. Symrise improved its production practices to 70 points, therefore ranking among the best four percent in its category.
“We are delighted that we have been able to further improve our production of fragrances and flavors,” says Hans Holger Gliewe, Chief Sustainability Officer of Symrise AG. “Every employee who has contributed to this progress can be particularly proud of this result.”
CSR Rating Assesses 21 Criteria
EcoVadis analyzes and rates the sustainability performance of companies according to 21 criteria in the areas of the environment, social aspects, ethics and sustainability in the supply chain. The aim is to make it easier to integrate sustainability criteria into business relationships. That would allow companies to determine quickly whether their suppliers fulfill relevant sustainability standards. Key companies in the consumer goods industry in particular use the EcoVadis online portal to evaluate suppliers in this regard. “With the CSR rating from EcoVadis, Symrise is able to transparently present its sustainability services to both existing and new customers while establishing itself as a preferred partner”, explains Gliewe.
Making CSR Comparable
EcoVadis analysts first compare the achievements of the company in the four areas environment, social aspects, ethics as well as sustainability in the supply chain. The results are shown for each area using an index value between 0 and 100 points. These sub-results are then weighted based on the industry and the size of the company to determine the overall CSR rating. The companies in the industry that were evaluated received an average of 43 of 100 possible points as in the previous year.
Symrise is a global supplier of fragrances, flavorings, cosmetic base materials and substances 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.
With sales of more than € 2.9 billion in 2016, Symrise is among the global leaders in the market for flavors and fragrances. Headquartered in Holzminden, Germany, the Group is represented in over 40 countries in Europe, Africa and 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...Symrise, always inspiring more ...
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