Givaudan recognised with a CDP A for supplier engagement

Givaudan has been recognised once again in CDP’s Supplier Engagement Rating Leaderboard with another A score for supplier engagement. 

The Supplier Engagement Rating Leaderboard evaluates corporate supply chain engagement on climate issues and celebrates the highest-rated companies. By engaging their suppliers on climate change, organisations featured on the Leaderboard are playing a crucial role in the transition towards the net-zero sustainable economy.  

This latest recognition follows Givaudan’s fifth double A rating in February 2024 for leadership and transparency in climate action and water stewardship alongside an A– rating for the Company’s work in tackling deforestation following its first CDP Forests disclosure.

Supplier engagement is pivotal to Givaudan’s climate journey as the Company’s scope 3 emissions make up more than 90% of its total carbon footprint. As part of the Company’s journey to becoming climate positive before 2050, Givaudan has set targets to cut supply chain emissions by 20% by 2030 and by 50% by 2040. By the end of 2023 the Company had achieved an 8% reduction in these emissions, alongside a 43% reduction in its scope 1 and 2 emissions. 
 

“Engaging our supply chain on climate action is critical. The collective impact we can deliver together is where real change takes place as we advance towards our climate positivity goal. We’re extremely proud of our latest recognition within the Supplier Engagement Rating Leaderboard but we know that there remains a long journey ahead of us and we must continue to challenge ourselves to go further every day.”

Willem Mutsaerts, Head of Global Procurement and Sustainability

CDP’s Supply Chain programme is one of the key tools Givaudan uses to engage with suppliers on climate action and gain understanding of its supply chain.

The Company’s approach is tailored to its suppliers’ own climate action journeys and designed to engage them and accelerate progress together. For example, for suppliers already leading and managing carbon-related issues, Givaudan seeks to create partnerships; putting in place collaborative measures or programmes to reduce our common emissions and cascade action further down the supply chain. 

For suppliers starting their climate action journey, the Company works towards a shift in behaviour and provide support and guidance. In 2023, Givaudan engaged in collaborations regarding potential reductions with its most advanced suppliers on key topics including bio-sourced raw materials, renewable energy in the supply chain and the valorisation of by-products (upcycling). 

To see the full CDP Supplier Engagement Rating Leaderboard click here.

For more information about Givaudan’s approach to climate action and its latest sustainability performance visit www.givaudan.com/files/giv-2023-integrated-report.pdf