Over the coming decades, many regions on the planet will experience severe shortages of this essential resource. This is a topic we’ve analyzed as having a high social value for materiality. Firstly, the physical availability of water as it relates to our supply chain is important, and secondly, this topic is bound together with growing regulations and the significance of our company’s reputation.
Symrise does not currently operate any sites that use a significant amount of water in areas with limited water. Still, we do everything in our power to use the precious resource of water as efficiently as possible and continuously reduce our production of wastewater. To ensure that we’re able to identify and actively manage potential water risks early on, we also systematically assess our supply chain and maintain regular contact with our suppliers. The CDP Water Program 2017 assigned Symrise’s commitment in the area of water their highest rating category of A.
In 2017 we began working with the CDP Supply Chain Program. Our suppliers with the highest risk status were requested to follow the CDP Supply Chain Program. Since the 2017 program was viewed as a pilot, we are now requesting that suppliers renew their participation in 2018 with increased data quality and detailed information.