Givaudan received “double-A rating” by CDP Supplier Engagement Leaderboard
16 Feb 2022 --- Fragrance and beauty specialist Givaudan has been recognized for its global supply chain in CDP Supplier’s Engagement Leaderboard. The Leaderboard acknowledges companies that have received the highest ratings in CDP’s Supplier Engagement Rating (SER). The company has also received A ratings for water risk and climate change response.
CDP Supplier is a charity managing environmental impacts by companies and institutions globally. Its SER rates the effectiveness of companies engaging with its suppliers on climate change.
“Our commitment is to be climate positive by 2050 and lead the way for an overall industry shift to more sustainable creations that benefit our people, planet and communities while safeguarding the future of our business,” Sandra Girgis, global head of environmental sustainability at Givaudan tells PersonalCareInsights.
“Caring for the environment is of utmost importance across all industries, especially in fragrance and beauty where products are used by billions of people across the world.”
Environmental impact and supply chains
On Givaudan’s ambition to becoming climate positive before 2050, Willem Mutsaerts, head of global procurement and sustainability, says that impactful action depends on close collaboration with suppliers.
“Our suppliers are genuine partners and we work with them toward mutual value creation.”
Credits: Givaudan. Climate positive means that Givaudan will remove more greenhouse gasses from the atmosphere than it puts in.
Givaudan has built a reputation as it has twice received a double-A rating for climate action and water consecutively.
“Our data shows that companies currently have blinkers on when it comes to assessing their indirect impacts and engaging with suppliers to reduce them,” says Sonya Bhonsle, global head of value chains and regional director corporations at CDP.
“Companies must act urgently to cascade action and manage environmental impacts throughout their supply chains to scale the level of action to secure a 1.5°C future.”
Climate positive ambitions for fragrance
The CDP assesses the effectiveness of companies’ engagement with suppliers based on responses to climate change questionnaires on value chain engagement, governance, targets and scope three emissions.
The recognition from CDP brings impact to Givaudan’s platform.
“It gives us a strong platform to build on as we continue to scale up our sustainable creations in the beauty and personal care markets,” adds Girgis.
“Givaudan’s ambition to become climate positive before 2050, and its journey to become a certified B Corp,” are motivated by CDP’s recognition.
“We aim to do this [climate positivity] by reducing our Scope 1 (direct emissions from sources we own or control), Scope 2 (indirect emissions from the generation of purchased energy) and Scope 3 emissions (all indirect emissions not included in scope 2) that occur in the value chain of our company,” she continues.
Girgis adds that their climate-positive attitude will guide Givaudan in producing products.
“For example, through our FiveCarbon Path sustainability ambition, we can expand our perfumers’ palettes and create more environmentally-friendly creations for our customers and end consumers.”
Furthermore, in 2019, Givaudan launched the Naturality Platform that equipped their perfumers with the tools and information required to design nature-conscious fragrances, describes Girgis.
More recently, in December 2021, Givaudan launched the world’s first biodegradable capsule, Planetcaps, which “enable a long-lasting fragrance experience in a bio-degradable and bio-sourced delivery system with more than 60% renewable carbon material.”
“The capsules meet OECD guidelines and will have a significant impact on the reduction of microplastics produced from wastewater in consumers’ homes.”
By Venya Patel
