Givaudan has been recognised for its global standings in climate and water stewardship with a double A rating from CDP for the fourth consecutive year.
This makes them one of a small number of companies that achieved a double A, out of nearly 15,000 companies scored.
CDP is a non-profit firm that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Its annual environmental disclosure and scoring process is recognised as a gold standard of corporate environmental transparency.
According to Givaudan, a CDP A rating is awarded to companies who go beyond awareness and management to show environmental leadership and demonstrate best practice in strategy and action.
This recognition of Givaudan’s performance underlines the company’s purpose and sustainability ambitions, including its commitment to becoming climate positive before 2050 and its continued commitment to water stewardship.
In 2020, Givaudan reached its original water targets three years early, and in 2021, reduced its water intensity by 4%.
The company pledges to continue accelerating progress towards its climate and water ambitions. In 2022, it published its new water policy and targets, which include improving water efficiency by 25% on sites facing water stress compared to 2020 levels.
The new targets also included improving and protecting water quality and quantity in their priority natural supply chains and improving access to water, sanitation and hygiene in vulnerable communities where they source and operate.
Gilles Andrier, CEO of Givaudan, commented: “Climate and water are two of the most urgent challenges the world faces today. We all have a role to play in helping address these challenges and it is vital that businesses like ours step up to drive action and inspire progress by leading the way.
“We are extremely proud to be recognised once again with a CDP double A rating; not only as a testament to the efforts of our teams across the business, but as a demonstration of our commitment to charting a more sustainable future for our industry and the world at large.”