PARIS — Firmenich said that it has signed on to mobilize its key suppliers to release their climate and water performance data through CDP’s reporting platform.
“By requesting environmental disclosure throughout its supply chain, Firmenich aims to identify hotspots and explore opportunities to collaborate with its suppliers to reduce greenhouse gas emissions and water use in stressed areas,” the Geneva-based company stated. It explained the move builds “on its long-term commitment to industry-leading environmental management.”
Firmenich added that for its customers “who have had full access to Firmenich’s environmental performance via CDP since 2009, this next step further safeguards their reputation in terms of environmental management.”
“Together [with strategic suppliers and customers], we can scale up our impact in mitigating climate change by bringing more transparency and spreading best practices across our value chain,” said Gilbert Ghostine, Firmenich chief executive officer.
“This work will help them — as well as their suppliers and customers — build resilience, manage risk and ensure their future prosperity,” continued Dexter Galvin, head of supply chain at CDP.
You May Also Like
Firmenich claims to be the first fragrance and flavors house to join CDP’s supply chain program.
As reported, Firmenich last October said it had reached a ranking of 99A in the CDP Supplier Climate Performance Leadership Index and had certified all of its manufacturing plants worldwide in compliance with Occupational Health and Safety (OHSAS 18001) and Environmental Management (ISO 14001) Systems Standards.
That information was released at the same time as sales for Firmenich’s fiscal year ended June 30, 2015. Revenues in the 12-month period increased 2 percent to 3 billion Swiss francs, or $3.18 billion at average exchange, with gains being spurred by all geographic regions. On a constant-currency basis, company revenues advanced 3 percent.
CDP, which is based in the U.K., has built a global system to drive transparency and accountability by corporations, investors and cities.