NEW YORK--(BUSINESS WIRE)--Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF), announced that it was recognized on the CDP Climate “A” List, earning a perfect score of 100 in disclosure and an A in performance for its strategies and actions to mitigate climate change. CDP is an international not-for-profit that holds the largest collection of self-reported climate change, water and forest-risk data and helps to drive sustainable economies.
Each year, companies from around the world submit climate disclosures to CDP for an independent assessment against its scoring methodology. IFF ranked among the top 5% of the corporations participating in the program. CDP developed this list at the request of approximately 800 of its investor partners who represent more than a third of the world’s vested capital and who are committed to reducing long-term risks to the environment and local economies.
“When it comes to sustainability, we won’t accept the status quo,” said Andreas Fibig, CEO and Chairman, IFF. “This is why it is foundational to our Vision 2020 business strategy, and why we are committed to embedding sustainability throughout our business practices and our corporate culture. This honor confirms we are on the right path in our overall sustainability journey, and we will continue our efforts to reduce carbon emissions across our value chain.”
This recognition comes on the heels of a series of sustainability accomplishments, including:
- Gained industry-leading membership in the Together for Sustainability sustainable sourcing initiative
- Achieved For Life social responsibility certification for Turkish Rose, Patchouli, Basil, and Vetiver
- Met and surpassed initial 2020 water reduction goal of 25 %; reset goal to 50% by 2020
- Achieved Roundtable on Sustainable Palm Oil (RSPO) Certification for multiple facilities
- Joined the World Business Council for Sustainable Development (WBCSD)
- Installed the industry’s largest solar array
- Awarded LEED Silver certification for Indonesia Flavors plant
For more information on IFF’s sustainability initiatives, see the Company’s 2014 Sustainability Report.
CDP’s executive chairman and co-founder Paul Dickinson says: “The influence of the corporation is mighty. We congratulate the A List companies that are illuminating the path to a low carbon future through their climate leadership. The momentum of business action on climate change suggests we are reaching a tipping point where companies are poised to achieve their full potential. They need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale.”
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF) is a leading innovator of sensorial experiences that move the world. At the heart of our company, we are fueled by a sense of discovery, constantly asking “what if?”. That passion for exploration drives us to co-create unique products that consumers taste, smell, or feel in fine fragrances and beauty, detergents and household goods, as well as beloved foods and beverages. Our 6,200 team members globally take advantage of leading consumer insights, research and development, creative expertise, and customer intimacy to develop differentiated offerings for consumer products. Learn more at www.iff.com, Twitter and LinkedIn.