Taking swift measures to combat climate change and its effects
As a manufacturing company, it’s Symrise’s responsibility to reduce any negative effects on the climate to the greatest degree possible. We consume energy and produce CO2 emissions through our business activities. At the same time, the progressing climate change also contains risks for us: Changes in climate conditions and the resulting fluctuations in the availability of natural resources can have a direct influence on our supply chain and constitute a procurement risk.
The impact of our activities on the environment range from the extraction and processing of raw materials to product development, production and logistics. For this reason, we monitor and evaluate the entire value chain. Our goal is to conserve resources, actively avoid and minimize the harmful effects on the environment, and eliminate risks. Our production sites with the highest potential environmental impacts are either located in countries with strict environmental policies and/or also operate according to an environmental management system that is ISO 14001 certified. Additionally, the SMETA 4-Pillar requirements are used as a minimum standard and regularly verified by external auditors. Furthermore, all German sites have an ISO 50001 certified energy management system.
In 2017, we also focused on decoupling our dynamic growth in the corresponding business units from their possible environmental impacts. We further optimized our energy balance in key areas via additional measures and placed a stronger focus on reducing emissions and effluents as part of Total Productive Maintenance. 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 Forests and Water, Symrise was listed among the best and received a very good rating of A-. 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. In addition, Symrise is so far 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 to be achieved by 2020. 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.