Givaudan is named on CDP’s prestigious “A-List” for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy.
“Our commitment to sustainability is a fundamental part of our DNA as confirmed by our newly defined Purpose. To be commended by CDP is a great recognition and further encouragement to reach our ambitious climate targets. At Givaudan, great business performance and growth go hand-in-hand with ensuring a sustainable future for the generations to come,” said Gilles Andrier, CEO.
This A score ranks the company among a small number of high-performing businesses out of thousands.
Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A-List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity is vast – as are the opportunities for addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A-List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy.”
In 2019, Givaudan was among the first few companies to align on the 1.5°C trajectory with updated GHG emissions reduction targets approved by the Science Based Targets initiative (SBTi). The company also joined the movement of leading companies fighting global warming and signed the UN Pledge “Business Ambition for 1.5°C”.
Furthermore, their newly defined purpose, released in November 2019, sets an ambition for their operations to become climate-positive before 2040 and for the entire company, including its scope 3 (supply chain), before 2050.
A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to D – based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.