Givaudan has been given a double A rating by the CDP for its leadership in climate action and water stewardship. The company is among the few that achieved a double A, out of nearly 12,000 businesses that were scored based on data submitted through CDP's questionnaires in 2021.
CDP's annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over USD 110 trillion in assets and 200 major purchasers with USD 5.5 trillion in procurement spend, requested companies to disclose data on environmental impacts, risks and opportunities through CDP's platform. A record-breaking 13,000 companies responded.
Through significant demonstrable action on climate change and water security risks, Givaudan is leading on corporate environmental ambition, action and transparency worldwide.
Gilles Andrier, CEO of Givaudan comments: “Part of being a successful, sustainable business is about holding ourselves to account through independent benchmarking of our performance in this way. Water and climate are two of the world's biggest challenges and we're taking leading action through our own bold ambitions in these areas. For example, through our ambition to become climate positive before 2050. As the urgency of the climate crisis grows, hope, optimism and, above all, action have never mattered more. We are proud of the progress we are making together with our teams, our suppliers, our partners and our customers and we're proud that these efforts have been recognised once again by CDP.”
Paul Simpson, CEO of CDP, comments: “Many congratulations to all the companies on this year's A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make. The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
Givaudan's CDP double A rating is the latest recognition of its sustainability leadership and follows inclusion in the most recent CDP Supplier Engagement Leaderboard, as well as continued inclusion in the FTSE4Good Index, an MSCI triple A rating and a Sustainalytics 'low risk' rating. In October 2021 Givaudan won the Sustainability Team Award at the World Sustainability Awards. Givaudan will release its latest GRI Sustainability Report, providing a comprehensive overview of progress on its purpose and sustainability commitments on 28 January.
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