Symrise has joined the “Biodiversity in Good Company” Initiative and signed the “Leadership Declaration” of the company network. The initiative is a network of companies from various industries united in their shared commitment to the protection and sustainable use of biodiversity. Global biodiversity is an invaluable source of innovation and inspiration for Symrise for the development of new fragrances and flavorings as well as cosmetic active ingredients and raw materials. For this reason, Symrise is intensifying its Group-wide commitment to biodiversity and has set ambitious goals for 2020.
The FTSE4Good index includes the securities of companies that are particularly committed to corporate social responsibility (CSR). The Symrise share has been included in the index, which is closely watched by investors, since the end of 2015. At a regular audit in March 2017, Symrise received top marks in the Corporate Governance category and very good ratings in the areas of anti-corruption, climate change and working standards.
Symrise celebrated the topping out of a new logistics center in Hamburg in April 2017 together with the real estate services company Goodman. Symrise will use a 7,100 m2 unit for the international sale of its products as well as inbound logistics for raw materials. With the logistics center in the Port of Hamburg, Symrise and its subsidiary Symotion, which also provides logistics services for third-parties, will further optimize their international services in 160 countries.
Symrise has joined the World Business Council for Sustainable Development (WBCSD), to which roughly 200 future-oriented companies belong. They work together to promote the principles of sustainable development, for example in the “Food Reform for Sustainability and Health (FReSH)” program, which is focused on sustainable and healthy nutrition.
In May 2017, Symrise opened its new innovation and technology center for aromas, concluding the first phase of expansion for the regional center in Singapore. Around SGD 30 million (€ 20 million) has been invested into the project. Through the innovation and technology center, Symrise aims to enhance the potential of regional and local food manufacturers and support Singapore’s vision of becoming Asia’s hub for regional food and nutrition. As part of the next stage of development, a new center for consumer research in fragrances and care will be established, which will develop economically successful brand campaigns.
Symrise opened a second creative and development center in India in June 2017. It houses a modern development laboratory for fragrances and cosmetic ingredients with the most advanced technologies for analyzing and evaluating market research data. With this strategic investment, Symrise can strengthen its relationships with local partners, consumers and customers while benefiting from the dynamic development of the Indian economy.
On June 20, 2017, Symrise successfully placed an unsecured convertible bond of € 400 million with a maturity of seven years without subscription rights with institutional investors. The ordinary shares backing the bond amount to 3.4 % of the currently outstanding share capital. In placing this bond, Symrise took advantage of the positive market conditions by refinancing via the capital market while also diversifying its investor base.
After Symrise achieved its previous climate protection goals for 2016 ahead of schedule, the company is taking things a step further. Symrise aims to reduce its absolute greenhouse gas emissions by 17.5 % by 2030. These goals are in accordance with the “Science Based Targets Initiative” of the Carbon Disclosure Project (CDP), UN Global Compact, World Resources Institute (WRI) and WWF. 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 climate conferences in Paris and in Marrakesh.
Singapore has been an important location for Symrise in terms of research, development and production for over 20 years. Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, received a special honor as a result of this long-term corporate dedication. The Singapore Economic Development Board (EDB) appointed him as an economic ambassador to Singapore for small and medium-sized companies. Small to medium-sized high-tech companies looking to gain a foothold in the Asian market in particular can now make use of the new ambassador’s expertise.
Singapore greatly values environmentally friendly and sustainable construction. Symrise received a gold medal in the city-state’s Green Mark program for the “Rejuvenate” project – the renovation and expansion of the regional headquarters in Singapore. With this, the Building & Construction Authority (BCA) acknowledged the energy-saving and emission-reducing reconception of the building complex at Pandan Loop 226 and 228, for example, the energy-efficient air-conditioning, the lighting design and the water conservation measures.
Symrise has started a three-year project that helps farmers in the Amazon region improve their products, more effectively farm their land and increase their income. It has partnered with the Brazilian cosmetics manufacturer Natura and the German Society for International Cooperation (GIZ) to do so. Sustainably produced raw materials from the Amazon region are ideally suited for use in scent and care products.
The newspaper “Die Welt” and the corporate consulting firm Accenture honored Symrise and two other German companies with the Top 500 Award. For this award, the selection committee put special emphasis on continuous growth, high innovative power, a solid business model, successful globalization strategies and the ability to sustainably integrate acquired companies.
Diversity is an essential element of Symrise’s corporate culture and strategy. Creativity, commitment and sustainability, three of the company’s core values, benefit from diversity and inclusion. Successful corporate development would not be possible without the diversity of our employees. This foundation is the only way we can meet the needs, expectations and wishes of our customers around the globe. Accordingly, Symrise categorically rejects any form of discrimination. The Executive Board of Symrise set out these beliefs in a “Diversity Statement” as a binding guideline for the entire Group.
Symrise acquired all shares in Citratus Fragrâncias, a manufacturer of perfume oils primarily for small and medium-sized customers. The company has a modern development and production facility in Vinhedo near São Paulo and distribution centers throughout Brazil. Symrise benefits from access to new customer groups, additional production capacities and a broader supply of raw materials. This strengthens Symrise’s presence and position in a strategically important emerging market.