![Strategic value](/system/files/2023-01/GIV_StrategicValue.png)
Business model
![Givaudan](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_GreenForestMood04_1920x600.jpg?itok=8gbXz6Av)
Through our value chain we draw on various resources (inputs) to create innovative products and solutions. The corresponding outputs and outcomes deliver growth that have a positive impact on nature, people and communities.
Our value creation process begins with resources called capital inputs.
![Financial capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelFinancial_1024x396.webp.jpg?itok=yyCdXOn3)
Financial capital
- A– S&P, Baa1 Moody's Investment Grade Credit Rating
- CHF million 4,237 of equity
![Intellectual capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelIntellectual_1024x396.webp.jpg?itok=5nJOnTvC)
Intellectual capital
- >65 creation and research centres
- CHF million 522 R&D spend
![Human capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelHuman_1024x396.webp.jpg?itok=48n_Egag)
Human capital
- > 16,670 employees
- 1,806 managers took part in the leadership programmes since 2015
![Natural capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelNatural_1024x396.webp.jpg?itok=LCKZ4KRb)
Natural capital
- > 12,400 different raw materials sourced
- 26% of raw materials sourced locally
![Manufactured capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelManufactured_1024x396.webp.jpg?itok=6wTpbZ7y)
Operations capital
- 78 production sites supporting our customers' growth globally
- 3-4% of sales invested annually in Capex
![Social and relationship capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelSocial_1024x396.webp.jpg?itok=CEajFB6i)
Social and relationship capital
- 17,300 suppliers
- 68 community projects in 28 countries
Our value creation
How we operate
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Our value chain
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Our business model uses these capital inputs for the realisation of our business activities. Taste & Wellbeing, and Fragrance & Beauty, aim to shape the future of food, fragrances and beauty by becoming the innovation and co-creation partner of choice to our customers.
![Financial capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelFinancial_1024x396.webp.jpg?itok=yyCdXOn3)
Financial capital
- CHF million 7,117 sales
- 20.9% comparable EBITDA
![Intellectual capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelIntellectual_1024x396.webp.jpg?itok=5nJOnTvC)
Intellectual capital
- 4,000 active patents worldwide
- > 20% of sales resulting from innovations developed over the last five years
![Human capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelHuman_1024x396.webp.jpg?itok=48n_Egag)
Human capital
- 27% of senior leaders from high growth markets
- –36% reduction of recordable case rate
![Natural capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelNatural_1024x396.webp.jpg?itok=LCKZ4KRb)
Natural capital
- –35% GHG reduction scope 1+2
- –13% water withdrawal rate for sites located in areas facing water-stress
![Manufactured capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelManufactured_1024x396.webp.jpg?itok=6wTpbZ7y)
Operations capital
- 126,460 products sold
- Opening of our Consumer & Sensory Insights centre and the integrated fragrance encapsulation centre
![Social and relationship capital](https://integratedreport.givaudan.com/system/files/styles/convert_to_jpg/private/2023-01/GIV_IC_BusinessModelSocial_1024x396.webp.jpg?itok=CEajFB6i)
Social and relationship capital
- 100% of our production sites are registered on Sedex
- 100% of our Taste & Wellbeing production sites are GFSI-certified standards
Environmental
+ Impacts
– Impacts
Mitigation measures
Social
+ Impacts
– Impacts
Mitigation measures
Economic
+ Impacts
– Potential impacts
Mitigation measures
Long-term growth for our stakeholders, our business, for society and the planet
Effective and transparent governance
Our contributions to the
United Nations Sustainable Development Goals