Givaudan has been named on CDP’s A List for its efforts to cut emissions, mitigate climate risks and develop the low-carbon economy. The A rating was only received among a small number of high-performing businesses out of thousands.
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 United Nations Pledge “Business Ambition for 1.5°C”.
Additionally, in November Givaudan released a newly defined purpose, which sets an ambition for the company’s 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.
“Our commitment to sustainability is a fundamental part of our DNA as confirmed by our newly defined purpose,” said Givaudan CEO Gilles Andrier. “To be commended by CDP is great recognition and further encouragement to reach our ambitious climate targets. At Givaudan, great business performance and growth goes hand-in-hand with ensuring a sustainable future for the generations to come.”
“Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency,” said CDP CEO Paul Simpson. “The scale of the business risks from the climate emergency, deforestation and water insecurity are vast–as are the opportunities from 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.”