Firmenich, a specialist in fragrances and flavors, has received a Platinum rating from EcoVadis for its environmental and social performance for the second consecutive time. EcoVadis, a sustainability rating agency, has increased Firmenich's score by five points to 88/100. With this evaluation, the group is placed in the top 1% of more than 85,000 companies evaluated and is at the top of its industry.
"This second consecutive EcoVadis Platinum rating indicates that Firmenich has extended its leadership by implementing ambitious environmental and social goals effectively every day at the highest global level, said Gilbert Ghostine, CEO of Firmenich. Our improved, industry-leading performance is a tribute to the hard work of all my colleagues, who make our company a force for good for the climate, nature and people."
"We are grateful for this 88/100 score, which demonstrates that we are continually living up to our environmental, social and governance (ESG) strategy and not resting on our laurels, said Gianluca Colombo, Chief Procurement Officer, Firmenich, and member of the EcoVadis CPO Advisory Board. Since we joined the EcoVadis rating process several years ago, it has helped us step up our focus on sustainable supply chains, integrating risk and engaging closely with our suppliers."
Firmenich's sustainability policies, initiatives, results and "ESG Ambitions 2025-2030" were analyzed using internationally recognized standards. EcoVadis assessed the group's sustainability performance against 21 criteria in four categories, awarding scores of 90/100 for environment, labor and human rights, and sustainable sourcing practices, and 80/100 for ethics. Firmenich had improved its overall EcoVadis score from 83 points out of 100 in 2020 to 88 points out of 100 in 2021.
