Nature-related financial disclosures (TNFD)

Pink roses
  • Our approach
  • Targets and metrics
Our approach
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Addressing biodiversity and nature-related risks, impacts, and dependencies.

In line with the Taskforce on Nature-related Financial Disclosures (TNFD) principles, we initiated our TNFD-aligned journey in 2024. Our ongoing measures reflect a strong commitment to sustainability and responsible practices.

Our approach

The degradation of ecosystems worldwide presents significant risks to businesses, economies, and communities alike. We recognise that unchecked biodiversity loss could impact our Company’s operations, particularly by jeopardising the availability of essential natural resources and ecosystem services that support our raw material supply and manufacturing processes.

We assess our entire value chain for potential impact on biodiversity. While effects are present in our own operations through land use, water consumption, pollution, and waste, our impacts are more significantly associated with upstream activities. 

We address upstream impacts through our biodiversity, responsible sourcing and agronomy programmes and have implemented environmental management initiatives focused on reducing GHG emissions, promoting water stewardship, and managing waste and pollution responsibly in our own operations.

While in-depth quantitative analysis under the TNFD is ongoing, we are committed to transparency through CDP questionnaires, our double materiality assessment, and annual reporting. 

Going forward, we aim to deepen scenario modelling, enhance risk management, and further assess our nature-related impacts, risks, and dependencies. Through these initiatives, we strive to protect and enhance biodiversity, supporting a sustainable future for our company and the communities we source and operate. 

Targets and metrics
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Our targets related to various focus areas

Overview of our response

Water

  • Improve water efficiency by a 25% water withdrawal rate reduction on sites facing water stress by 2030 (baseline 2020)
  • We will continuously improve water efficiency on all other sites by a water withdrawal rate reduction
  • 100% of our wastewater discharge will meet or exceed regularly and industry standards by 2030

Atmosphere

  • 100% of our entire electricity supply to be converted to fully renewable sources by 2025
  • Our operations’ carbon emissions (scope 1+2) will be cut by 70% before 2030 and will be climate positive before 2040 (baseline 2015)
  • Our supply chain emissions (scope 3) will be cut by 20% before 2030 and will be climate positive before 2050 (baseline 2015)

Land

  • 100% of materials and services will be sourced responsible by 2030
  • Committed to preserve and regenerate biodiversity by 2030
  • ‘No deforestation and conversion in strategic supply chains’

Waste and materials

  • Givaudan will reach zero operational waste directed to landfill for all manufacturing sites by 2030
  • Givaudan will decrease its operational waste for disposal intensity by 15% by 2030 (baseline 2020)
  • 100% plastics circularity by 2030

 

Read more on our nature-related financial disclosures in our 2024 Integrated Report on economic and ESG performance.