Givaudan : 2018 Sustainability Progress Review

Title  Subtitle1

2018 Sustainability Progress Review

A Sense of Tomorrow

Givaudan - 2017 Sustainability Report

2  KeyTitle2018 Subtitleachievements

Key 2018 achievements

-24.4%	Water use since 2009
	Target: -15% by 2020 from 2009 baseline

69.4Renewable electricity

%Target: 100% by 2025

Givaudan's leadership on climate change action was recognised in 2018 by CDP. We were among the 120 global companies awarded and earned an A- for reducing greenhouse gas (GHG) emissions and an A- for outstanding water stewardship. We also earned a position on CDP's Supplier Engagement leader board in recognition of our actions and strategies to reduce emissions and lower climate-related risk across our supply chain.

Our 2018 assessment achieved a gold level rating of 67/100 and positions us in the top 5% of suppliers in the chemical industry who complete the EcoVadis assessment.

Disclosure 102 - 15

Targets	Progress	Progress
	2017 (restated)	2018
-30% absolute scope 1 + 2	-7.0%¹	-13.9%¹
GHG emissions between
2015 and 2030
-20% absolute scope 3	+13.6%¹	+21.6%¹
GHG emissions between
2015 and 2030
100% renewable	57.8%	69.4%
electricity by 2025
- 15% water per tonne of	-19.4%¹	-24.4%¹
product by 2020 (use of
municipal and groundwater,
baseline 2009)
- 4% waste per tonne	-4.4% p.a. on	-1.7% p.a. on
of product, year on year	average (-8.8%	average (-5.2%
average (baseline 2015)²	since baseline	since baseline
	2015)	2015)

1.Compared to baseline year.

2.Includes incinerated and landfilled waste.

Disclosure 305 - 5

Waste1

2018			1.7%3		43.3
20172			4.4%3		41.7
20152					45.7

Waste in kg/tonne of product	Target between
	2015 and 2020:
	4% p.a.

1.Includes incinerated and landfilled waste.

2.Restated.

3.P.a. since 2015.

Lost time injury rate
2018						0.25
				76%1
2017						0.33
				68%1
2009								1.03
				90%
				LTI rate			Target by 2020 from
							2009 baseline

1. Compared to baseline year.

Givaudan - 2018 Sustainability Progress Review

About this report

Our reporting suite

Readers are advised to consult our entire reporting suite to get a complete overview:

-The 2018 Integrated Annual Report offers a holistic explanation of our value creation, financial and non-financialcapitals and performance, including our Governance, Compensation and Financial reports.

-The 2018 Sustainability Progress Review offers case studies and progress data for the three focus areas of our sustainability approach as well as eco-efficiencytargets versus progress. The GRI Content Index is included in this report.

-Our Sustainability Approach offers a strategic overview of A Sense of Tomorrow, the approach for each of the three sustainability focus areas, and related issues such as stakeholder engagement and material topics.

Cross-references help readers navigate through the reports: a GRI icon signals information related to GRI Disclosures; SDG icons are used to show which content contributes to the ten United Nations Sustainable Development Goals (SDG) we believe we can have the most impact on; and the magnifying glass icon refers the reader to a specific page in the report or to the website or to another publication for further information.

Sustainability reporting

This report has been prepared in accordance with the GRI Standards: Core option. It covers the sustainability activity of Givaudan's wholly-owned companies from January to December 2018. GRI disclosures are spread across all three publications. The GRI Content Index and the GRI reference icons used throughout the reports show where the content to each disclosure can be found. Givaudan reports on sustainability once a year; the previous report was published in March 2018. The GRI Materiality Disclosures Service verified that the Disclosures 102 - 40 to 102 - 49 were correctly located both in the GRI Content Index (p. 48) and in the text of the report. External assurance is provided by Ernst & Young LLP (p. 58).

Our GRI reporting also represents Givaudan's annual communication on progress (COP) towards our commitment to the UN Global Compact Principles. For more information see the principles of the UN Global Compact (Our Sustainability Approach p. 54) and our GRI Content Index (p. 48).

Comments and questions can be sent to: [e-mail]

Disclosure 102 - 50 to 102 - 54

About this report  3

Table of contents

4Our sustainability approach

6Sourcing for Shared Value

16Innovating Responsibly

28Acting for Our Environment

40Environmental performance indicators

42Our People and Partners

47Appendix

48GRI Content Index

54Performance indicators - restatement table

58Independent Assurance Statement

60Our reporting suite

References used

in Givaudan reports

References to other pages, reports, documents or websites for more information

References to GRI Standards disclosures

References to UN Sustainable

Development Goals

Givaudan - 2018 Sustainability Progress Review

4  Our sustainability approach

Our sustainability approach

Our sustainable practices allow us to better meet our customers' needs and ultimately transform a challenge into new possibilities.

We are committed to a more sustainable future and believe that corporations should be leaders in a movement to address social, environmental and economic issues. By expanding sustainable practices in sourcing, product development and in reducing our environmental footprint, we can better meet today's needs and ultimately transform challenges posed by diminishing natural resources and impacts of climate change into new opportunities for responsible economic growth.

Our framework for meeting these goals is A Sense of Tomorrow, an approach that gives our vision for 2030 and beyond. A Sense of Tomorrow is built on three main focus areas. This is why we are:

Sourcing for Shared Value: ensuring that all of our raw materials are produced in a way that respects people and the environment.

Innovating Responsibly: driving innovation that benefits our customers, society and the environment.

Acting for Our Environment: leading climate action and improving processes to continuously reduce the footprint of our products.

Givaudan - 2018 Sustainability Progress Review

Our sustainability approach  5

We cannot do this alone: the support of Our People and Partners is essential. This is why managing the talent of those who are passionate about their work and committed to creating a sustainable society and choosing like-minded partners are also key to meeting our business and sustainability goals. Our initiatives support our own objectives, but also address no fewer than 10 of the United Nations' Sustainable

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Meeting needs today. Defining what's next.

SDGs

Sourcing for

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Innovating

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Acting for Our

Environment

Our People

and Partners

Givaudan - 2018 Sustainability Progress Review