May 21, 2024

Firmenich ranks 37th with an ESG score of 7.5

Firmenich, the world’s largest privately-owned fragrance and taste company, is pleased to announce that it has received an Environmental, Social and Governance (ESG) score of 7.5 from Sustainalytics, ranking it number 37 of the 14,983 companies rated worldwide. This surpasses the Group’s previous score of 8.6 in February 2021, which had already placed Firmenich as the leader in its industry and in the top 1% of all rated companies.

The improvement in this rating is linked to progress along all three dimensions of ESG, including in renewable
energy programs, human capital development and ESG reporting audit. This progress is consistent with
Firmenich’s drive towards achieving its 2025 ESG goals across three key areas: climate, nature and people.
“We are very proud to have again received such a positive rating from Sustainalytics. Our people are engaged
every day to ensure that we deliver on our ambitious Environmental, Social and Governance (ESG)
commitments,” said Gilbert Ghostine, CEO of Firmenich. “Responsible business is at the center of our
strategy and is a source of trust for our customers and our investors. Our leadership in ESG offers
differentiation and a competitive advantage for our company. We are committed to continue raising the bar
in ESG and to reach our ambitious 2025 targets for climate and nature, including carbon-neutral direct
operations by 2025.”

Sustainalytics is a global leader in ESG and Corporate Governance research and ratings, evaluating companies against sustainability risks, which can have material consequences for businesses. Sustainalytics works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes.

Further to this rating and reinforcing the company’s ESG credentials, Firmenich was this month awarded a
fourth consecutive Triple “A” by CDP for the Group’s leadership in transparency and action on climate
change, water security and forestry protection, one of only two companies in the world to achieve this.
Firmenich is also ranked in the top 10 of the World Benchmarking Alliance’s food and agriculture benchmark,
leading its industry.

Related articles

FairWild recognized at the 2022 Sustainable Food Awards

 In a very strong field of international finalists which included the corporate giant Barry Callebaut, the UK-based botanical extracts manufacturer Blue Sky Botanics Ltd was announced as runner-up for the 2022 Sustainable Ingredient Award for their FairWild Baobab Fruit Purée. This is the first time that a FairWild-certified product has featured at the prestigious Sustainable Food Awards. For over a decade, the FairWild Foundation has championed the

Study: Saffron extract could help menopause symptoms

A new randomized, double-blind, placebo-controlled study reveals the positive effects of affron® saffron extract on menopausal symptoms in women during perimenopause. The saffron extract, administered for 12 weeks at 28 mg at day, was associated with greater improvements in psychological symptoms. Perimenopause, a period of hormonal turmoil that hits women usually in their 40’s, often