Givaudan : Full year result GRI Sustainability Report

2021

GRI SUSTAINABILITY REPORT

About this report

Being a sustainable business is our promise, acting as a force for good is our objective. In our thirteenth sustainability report, the twelfth in accordance with the GRI framework, we show our performance and progress with respect to Environment, Social and Governance (ESG)-related aspects.

We report against our impacts in our identified material topics, which are rooted in our strategic approach for 2025 and contribute to our purpose of 'Creating for happier, healthier lives with love for nature. Let's imagine together.'.

This report has been prepared in accordance with the GRI Standards: Core option.

Frameworks applied

• GRI Standards
• SASB Standards
• TCFD Recommendations
• UN Global Compact
• Sustainable Development Goals

GRI 101: Foundation

Our long-term ambition: Our purpose

Creating for happier, healthier lives with love for nature. Let's imagine together.

CREATIONS		NATURE		PEOPLE		COMMUNITIES

Our mid-term priorities: Our 2025 strategy

Committed to Growth, with Purpose

4 - 5%		PURPOSE
	LINKED		> 12% FCF
GROWTH
	TARGETS

Our impacts and material topics

Economic/Governance

• Economic performance
• Governance & business conduct / ethics / transparency
• Product / Ingredients environmental & social performance
• Product quality & safety and ingredient disclosure
• Raw materials availability
• Innovation capabilities & management

Environment

• Biodiversity
• Climate change
• Waste management & circular principles
• Water stewardship

Social

• Diversity, inclusion & people development
• Employee safety, health & wellbeing
• Consumer health & wellbeing
• Human rights
• Responsible sourcing & traceability
• Local community development

We have taken into account all requirements and guidelines from GRI 101: Foundation in the preparation of our sustainability report, especially GRI's reporting principles for defining report content and quality.

Reporting principles for defining report content

• Stakeholder inclusiveness
• Sustainability context
• Materiality
• Completeness

Reporting principles for defining report quality

• Accuracy
• Balance
• Clarity
• Comparability
• Reliability
• Timeliness

1Givaudan  -  2021 GRI Sustainability Report

A year in review	Economic / Governance	Environment	Social	Appendix

Table of contents

A year in review

1. Letters to stakeholders
2. Conversation with our new Head of B Corp
3. Our impact in 2021
4. Our purpose is at the heart of everything we do
5. ESG fully integrated in our business
6. Our sustainability journey
7. How ingredients help us protect the environment and care for communities
8. Stakeholder engagement

1. Material topics

1. Key partnerships

Economic / Governance

1. Our ambitions
2. Economic performance

31 Governance & business conduct / ethics / transparency

38 Product / Ingredients environmental & social performance

1. Product quality & safety and ingredient disclosure

1. Innovation capabilities & management

Environment	Appendix
49	Our ambitions	117	The principles of the UN Global Compact
50	Givaudan's environmental footprint	118	The Sustainable Development Goals
51	Climate change	120	GRI Content Index
63	Waste management & circular principles	128	TCFD Recommendations
68	Water stewardship	129	SASB Standards mapping
75	Biodiversity	130	Independent assurance statement
78	Environmental performance indicators	132	Our reporting suite

Social

1. Our ambitions
2. Diversity, inclusion & people development

1. Employee safety, health & wellbeing

1. Consumer health & wellbeing

1. Human rights

1. Responsible sourcing & traceability

1. Local community development

References used

References to other pages in this report, other reports, documents or our websites for more information

Link to a website

2Givaudan  -  2021 GRI Sustainability Report

A year in review	Economic / Governance	Environment	Social	Appendix

1. YEAR IN REVIEW

In this section

1. Letters to stakeholders
2. Conversation with our new Head of B Corp
3. Our impact in 2021
4. Our purpose is at the heart of everything we do
5. ESG fully integrated in our business
6. Our sustainability journey
7. How ingredients help us protect the environment and care for communities
8. Stakeholder engagement

1. Material topics

1. Key partnerships

3Givaudan  -  2021 GRI Sustainability Report

A year in review	Economic / Governance	Environment	Social	Appendix

Letters to stakeholders

  Our purpose and ambitious goals in the domains of creations, nature, people and communities underpin our B Corp certification journey. 

Calvin Grieder, Chairman

Living our purpose through the associated bold, ambitious goals allows us to continue being a successful, sustainable business. We are committed to being a company that acts as a force for good and to living our purpose in our actions every day. This will allow us to pursue sustainable value creation for all stakeholders, ensure that we act on our purpose goals and successfully balance people, the planet and profit. Our purpose

  It is through our purpose and strategy that we address Environment, Social and Governance (ESG) issues, fully integrating them into our business.

Gilles Andrier, CEO

Our company purpose of 'creating for happier, healthier lives with love for nature' drives our 2025 strategy and acts as a roadmap for delivering

sustainable value creation for all stakeholders. Environment, Social and

Governance issues are fully integrated into our 5-year strategy and therefore our business - we are committed to growth, with purpose. We also continue to express our support for the ten principles of the UN Global Compact with respect to human rights, labour, environment and anti-corruption. These commitments allow us to pursue ambitious financial targets through the creation of inspiring products for happier, healthier lives, all while moving towards our longer-term purpose ambitions in terms of creations, nature, people and communities. They allow us to increase our positive impact on society and the planet in order to ensure sustainable long-term performance.

and goals also support our quest to become a certified

B Corporation, the gold standard for responsible businesses and a designation that will serve as independently verified proof of our commitment. We are proud to be the first in our industry and one of the largest businesses to commit

to this journey.

  Sustainability is not a journey we can undertake alone. Collaboration and teamwork are vital to achieving our highly ambitious targets. 

Willem Mutsaerts, Head of Global

Procurement and Sustainability

  READ MORE

2021 Integrated Annual Report ▸ page 10 ▸Chairman's introduction 2021 Integrated Annual Report▸ page 12 ▸CEO interview

We are proud of our track record of ESG performance. As the world faces urgent societal and environmental challenges, we must continue to work together to accelerate action; through teamwork, through pioneering initiatives and through continued collaboration with our partners. In 2021 we joined the Renewable Carbon Initiative as an Advisory board member, and we became a member of Together for Sustainability. We launched our flagship Sourcing4Good programme; a vital part of delivering on our ambition to responsibly source all materials and services in a way that protects people and the planet by 2030. Our high-performing team has been recognised with a World Sustainability Award. These efforts and achievements reflect our bold ambitions, show how far we have come and demonstrate our commitment to continuing to be a successful, sustainable business.

4Givaudan  -  2021 GRI Sustainability Report