Its strategies to overcome ecological sustainability challenges have made Symrise AG one of the global market leaders. The renowned nonprofit organization Carbon Disclosure Project (CDP) has ranked the Holzminden-based company among the top 2% of outstanding A-list suppliers. The supplier of fragrances and flavourings was particularly lauded for the categories climate and water.
Symrise is paving a path for other companies to an energy and resource-efficient future. “Their executives are always one step ahead in seizing opportunities for environmental protection that arise,” said Paul Simpson, Chairman of the nonprofit global disclosure platform CDP, about the A-list ranking of the fragrance and flavouring manufacturer. CDP analyses how companies and governments reduce greenhouse gas emissions, use water responsibly and protect forests. The companies are divided into four different categories based on these results, from A – the highest – to D. Symrise earned an A rating for both climate protection and water protection for their activities in cooperation with their primary suppliers.
Environmental responsibility along the entire supply chain
Symrise AG was also mentioned for its responsible handling along the entire supply chain in the supply chain report. A total of 100 companies achieved an A rating in the recently published “CDP Global Supply Chain Report 2018.” This CDP ranking is based on an analysis by the business consulting firm McKinsey & Company. A total of 4,800 companies around the world provided their environmental data in this recent disclosure to the supply chain report. McKinsey’s analysis found that environmental risks are increasingly important for companies; 76% of suppliers surveyed identified risks for their business that are caused by climate change. 52% reported that they have already integrated global warming as a factor into their business strategy.
“Climate and environmental protection have the highest priority for us as a global company, especially in our sourcing processes and supplier relationships,” says Hans Holger Gliewe, Chief Sustainability Officer at Symrise. “This is evident, for example, in the nomination of our sustainable sourcing of vanilla for the Supply Chain Management Award or our dedication to sustainable cultivation of the Amazon.” These renewed accolades from the CDP make it clear that Symrise is already on a good path and bolster its plans to pursue this further.