IFF has released a report on its progress with sustainability in 2015 and outlined plans for future progress.
Results for 2015 were shared in a report titled Creating a Sustainable Future, including a reduction in water use, energy consumption and gas emissions. IFF also achieved a CDP Climate A List rating and a perfect score of 100 in disclosure and an A-grade performance in the Carbon Disclosure Leadership Index.
IFF also formalised its support of the UN’s Global Compact and American Business Act on Climate Pledge.
Looking to 2020, IFF has announced a new sustainability strategy said to be “essential” for the company’s long-term growth. The strategy draws on the principles of the circular economy and cradle-to-cradle design thinking.
Andreas Fibig, Chairman and CEO at IFF, explained: “Sustainability is critical to our success as a business. 2015 was a testament to our progressive and forward-thinking approach as sustainable leaders within our industry and the results highlighted in our 2015 sustainability report illustrate that perfectly. But our focus must always be on what is next, not what we’ve done. For that reason, we have launched our ambitious new sustainability vision and strategy that we believe can create a positive and measurable difference in the world.”
Kip Cleverly, Director of Global Sustainability at IFF, added: “We have made excellent progress with our current strategy over the past five years, which created the foundation for the pioneering work we are beginning to engage in today. Our evolved strategy inspired us to rethink the possibilities of sustainability within the context of a circular economy, and ultimately pave the way for transformational change – both within our industry and the broader global community.”
