Symrise receives top scores in the categories of climate, water and forests
Symrise has once again earned A scores in the yearly sustainability ratings from the non-profit organisation CDP, formerly known as the Carbon Disclosure Project.
In the categories of forests and water, the Holzminden Group achieved the top grade of A.
In the area of forests, only 25 companies around the world achieved this result, as opposed to 103 companies in the category of water. In the third category, climate, Symrise received a very good grade of A minus. The company said this certifies that Symrise was again able to meet the stringent sustainability requirements this year.
Symrise said it will keep up the efforts that earned the company accolades in the past few years. 2022 saw a record number of 18,700 participating companies from around the world.
The non-profit organisation evaluates companies on a scale of A to D. In doing so, it pays attention to how companies deal with climate risks and the completeness of the data that they provide. A further criterion relates to the climate-friendliness of corporate management, for example, the setting of ambitious and sensible targets. The bar is constantly raised in parallel to current developments, such as new scientific discoveries or market requirements.
For its corporate strategy, climate protection plays a key role in Symrise’s approach. Starting in 2030, the Holzminden-based Group wants to run its operations climate-positive. This means the company will contribute to preventing or sequestering more greenhouse gas emissions from the atmosphere than it produces through its operating activities. Furthermore, the entire supply chain, including the raw materials produced by suppliers, is intended to be climate-neutral by 2045.
Another point of the strategy relates to the protection of forests. To achieve this, Symrise also relies on the principles of the circular economy. The company uses wood-based ingredients in about 30% of its fragrance compositions. The Group obtains the material with the help of green chemistry as part of a complex process, for which it became the first company in its industry to receive the globally recognised FSC certificate for the protection of forests.
Water protection also forms an integral part of the corporate strategy. Symrise intends to further optimise its consumption of freshwater resources around the world. In particular, it will focus on sites in regions with a high level of water stress such as Egypt, Spain, India and Mexico.
In 2021, the Group was able to reduce its water consumption in these countries by twelve per cent compared to 2020.
“Effectively protecting the climate, water and forests will enable us to continue to operate sustainably in the future, thus making a contribution to peoples’ well-being,” said Bernhard Kott, chief sustainability officer at Symrise. “We see this award as a confirmation of our efforts. We are delighted by this renewed distinction, which motivates us to continue on this path.”
You can find an overview of the 2022 CDP ratings here: https://www.cdp.net/en/companies/companies-scores