In order to produce our products, both we and our suppliers require a sufficient supply of energy, which is of course connected with CO2 emissions. In the face of climate change, we feel obligated to create an increasingly efficient energy supply. This will continue minimizing risks associated with rising energy costs, reduce our CO2 emissions and avoid any climate-related risk to our reputation, especially given increasing shareholder expectations.
That’s why we not only analyze our energy consumption and CO2 emissions inside our organization but we also analyze this along every link in the entire supply chain, including in our own products. All German sites have an ISO 50001-certified energy management system.
Again in 2017, we focused on decoupling our dynamic growth in various business units from their possible environmental impacts. We further optimized our energy balance in key areas through additional measures and building upon our energy aspect analysis, while placing a stronger focus on reducing emissions as part of Total Productive Maintenance.
Symrise treats CO2 emissions (Scope 1 and 2) as an important internal control quantity in our company’s sustainability management. We demonstrate our progress regarding resource conservation and emission reduction in a number of ways, one of them being our annual participation in the CDP independent investor initiative.
In the period under review, Symrise achieved a Leadership Rating from the CDP (formerly Carbon Disclosure Project) in all three categories for the first time and is the only company in the fragrance and flavor industry to have managed this feat. In the categories Water and Forests, Symrise was listed among the best and received very good ratings of A for Water and A- for Forests. Within the Forests category, Symrise was also awarded the rating of A- for its activities with palm oil. In the category Climate, Symrise was included in the Climate Change A list for the third time in a row with a top rating of A. Until August 2017, Symrise was the only company in the industry whose climate strategy was approved by the Science Based Targets initiative. Symrise thereby pledges to reduce its total greenhouse gas emissions by 17.5 percent by 2030. In addition, Symrise wants to ensure that suppliers who provide at least 80 percent of the entire purchasing volume of raw materials commit to their own climate targets and reduction measures. In doing so, Symrise is a role model in terms of climate protection in Germany and is acting in accordance with the resolutions of the UN Climate Conferences COP 21 in Paris and COP 22 in Marrakesh (see also 201-2).