Acting as a force for good
Our purpose
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Our long-term goals have been defined under four pillars in our purpose – creations, nature, people and communities – against which we can measure our progress and impact.
The growth enablers of our 2025 strategy enable us to make progress in each of these purpose goals. Sustainability is thus fully embedded in all aspects of our business.
Creations | Nature | People | Communities
Creations
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Creations
From brainstorming to production, we bring innovation and ideas, providing the solutions needed and delivering what the customer wants. We continually seek new ways to address consumer desires and our customers’ challenges, all while developing creations that have a minimal or, preferably, positive, impact on the environment. Our ambition is for our creations to allow more people to enjoy happier, healthier lives, and contribute to a doubling of our business by 2030 (baseline 2020).
Ambitions and focus stories
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Our ambition
By 2030, we will double our business through creations that contribute to happier, healthier lives.
TARGET
Average organic sales growth
of 4-5% on a like-for-like¹ basis
between 2021‑2025
TARGET
Average free cash flow
of at least 12%
between 2021‑2025
Focus story
Planting the seeds of changing attitudes
Focus story
The first-to-market biodegradable fragrance capsules
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Like-for-like excludes the impact of currency, acquisitions and disposals.
Nature
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Nature
By setting a science-based climate target back in 2015, we established ourselves as one of the first major companies to join the fight against global warming. We have remained at the forefront of the movement ever since. We are tackling scope 1+2+3 emissions and are well on our way to achieving our RE100 commitment to moving our entire electricity supply for our production sites, to fully renewable sources by 2025.
Ambition and focus stories
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Our ambition
Before 2050, we will be a climate-positive business based on scope 1+2+3 emissions according to the GHG protocol.
TARGET
Our operations' carbon emissions (scope 1+2) will be cut by 70% before 2030 and will be climate positive before 2040
(baseline 2015)
TARGET
Our supply chain emissions (scope 3) will be cut by 20%
before 2030 and will be
climate positive before 2050
(baseline 2015)
TARGET
100% of our entire electricity supply to be converted to fully renewable sources by 2025
Focus story
Powering towards our 2050 sustainability goal
Our ambition
We act as a role model in water stewardship working to protect water-dependent ecosystems and encouraging the sustainable use of resources.
TARGET
Improve water efficiency by a 25% water withdrawal rate reduction on sites facing water stress by 2030 (baseline 2020)
TARGET
We will continuously improve water efficiency on all other sites by a water withdrawal rate reduction
TARGET
100% of our wastewater discharge will meet or exceed regulatory and industry standards by 2030
Focus story
Pomacle: conserving water, our most precious ingredient
Our ambition
Driving continuous improvement in waste reduction and management with a focus on landfill disposal avoidance.
Before 2030, we will replace single-use plastics with eco-friendly alternatives across our sites and operations.
TARGET
We will reach zero operational¹ waste directed to landfill for all manufacturing sites by 2030
TARGET
We will decrease operational waste for disposal intensity
by 15% by 2030
(baseline 2020)
TARGET
100% plastics circularity
by 2030
Focus story
Minimising eucalyptus waste in Spain
-
Excluding one-time-only waste and waste sent to landfill only when other existing alternatives are not allowed due to regulatory requirements.
-
The status shows the percentage of sites already reaching our target.
People
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People
Our ambition is to become a more balanced company, strengthened by the diversity of employees and intentional inclusivity for all. Diversity drives our innovation and serves to weave closer connections between employees, customers and partners. Inclusion encourages our people, makes them feel welcome and supports them in doing their best.
Ambition and stories
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Our ambition
Before 2030, we will be an even more balanced and inclusive Company.
TARGET
We will be rated amongst the leading employers for inclusion globally before 2025
TARGET
50% of our senior leaders
will be from high growth markets
before 2030
(baseline 2018)
TARGET
50% of our senior leaders
will be women
before 2030
(baseline 2018)
Focus story
Contributing to inclusivity
Our ambition
Before 2025, we will improve how we care for all our people.
TARGET
We will reduce our total recordable case rate by 50% before 2025 (baseline 2018)
TARGET
Everyone on our sites will have access to mental and physical health initiatives, tools and training before 2025
Focus story
Happier, healthier people
Communities
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Communities
Every year, we spend more than CHF 3.8 billion sourcing 11,000 different raw materials and indirect materials and services from more than 16,000 suppliers from around the world. Procurement and the supply chain are clearly strategic to Givaudan’s responsible and shared growth.
Ambition and focus stories
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Our ambition
By 2030, we will source all materials and services in a way that protects people and the environment.
TARGET
100% of materials and services will be sourced responsibly by 2030 (baseline 2021)
Focus story
Givaudan's involvement as a force for good
Our ambition
By 2030, we will improve the lives of millions of people in communities where we source and operate.
TARGET
We will improve the lives of millions of people in communities where we source and operate by 2030
Focus story
Driving sustainable jasmine production
- In 2022, this includes only natural raw materials.