Symrise is committed to the goals of the Paris Agreement on climate change. The key element of this 2015 agreement, which was signed by 197 states, is limiting the global rise in temperature to well below 2° Celsius in comparison to pre-industrial levels. By the second half of the century, global net zero emissions should be achieved. Global warming affects both the whole world’s economy as well as every individual company and can cause significant risks – though potentially also opportunities. The Task Force on Climate-related Financial Disclosures (TCFD) laid out a framework for voluntary climate reporting by companies in June 2017. Climate-related corporate reporting allows investors and the financial markets in particular to measure the risks and opportunities of global warming for companies’ business models and activities, and allows them to take this into account in their decision to invest. In addition, companies that follow the recommendations of the TCFD give an account of the goals, concepts and measures with which they aim to reduce greenhouse gas emissions in order to foster climate protection.
Symrise supports the recommendations of the TCFD and will continue to expand its climate-based corporate reporting. Since 2006, we have systematically documented the greenhouse gas emissions connected to our business activities. We have reached our goal of reducing our CO2 emissions by one third from the 2010 level by 2020 ahead of time and have exceeded it. Sustainability is an integral component of our corporate strategy. Information on Symrise’s commitment to sustainability can be found in the chapter
“Sustainability and Responsibility” and under www.symrise.com/sustainability.
Symrise takes the challenges of global climate change seriously. Potential effects of climate change on our business activities are reflected in our strategic planning and decision-making. The Symrise Sustainability Board, founded in 2009, is made up of representatives from all divisions and the relevant staff departments. The Chief Sustainability Officer reports directly to the CEO of Symrise AG. Symrise documents the risks and opportunities that arise from climate change in a Group-wide risk management system. Significant risks for Symrise result from an increase in prices, especially for natural raw materials, a decrease in raw materials supplies, higher energy costs, a reduction of the volume of business and potential harm to the reputation of the company. Opportunities, on the other hand, result from new technologies and products that could lead to a growth in sales, savings effects in transitioning to an energy production method with lower emissions and an additionally improved competitive position and perception of the company in the public eye.
The corporate strategy of Symrise aims to limit or avoid the risks of climate change and to consistently capitalize on the opportunities that arise from it. The 2017 Corporate Report presents a wealth of topics, measures and facts regarding Symrise’s commitment to sustainability. We want to make a palpable contribution to climate protection while simultaneously positioning Symrise as a sustainable, responsible and forward-thinking company.