The Germany-based flavours, fragrance and cosmetic active ingredients provider has implemented a series of long-term goals that act on key sustainability issues in the interest of its stakeholders. And evidently the strategy is on track.
In 2017 Symrise raised it sustainability goals even higher by adjusting several key areas for improvement in an effort to illustrate how the company could best contribute to even better business practices and lower its carbon footprint.
New goals earmarked in 2017
This meant that the company committed to reducing greenhouse gas emissions by 17.5% by 2030 as part of its Science Based Targets Initiative, while it has also reduced the chemical oxygen demand in wastewater by 15.3% and sensitive waste by 9.7%.
The company said it was also on track with procurements, having assessed 80% of main suppliers according to sustainability criteria – a figure it predicts will reach 100% by 2020.
In the area of transparency, the company has also hit top marks for its Carbon Disclosure Project, which puts it in the list of top 25 companies in the world when it comes to sustainable business.
UN Global Compact and WWF
In turn, its efforts in reduction of greenhouse gas emission and water protection saw it honoured with an A rating, while it got -A rating for forest conservation, both on a scale of A to D.
With the Science Based Targets Initiative (SBT) set by UN Global Compact and WWF, Symrise also scored highly, being rated in the first 65 of a total of 360 participants, because its science-based approach for the climate strategy closely met the SBT criteria.
“Last year, we unfolded our strengths in a targeted manner,” said Dr. Heinz-Jürgen Bertram, CEO of Symrise.
“Now it is important for us to keep a firm eye on our goals through 2020 and systematically implement our measures. We want to belong to one of the most successful manufacturers of fragrances and flavorings in the long term and continuously account for this in our Corporate Reports.”