Climate-related financial disclosures (TCFD)

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  • Climate-related financial disclosure Swiss ordinance on climate
  • Addressing climate change risk
  • Metric and targets
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Climate-related financial disclosure Swiss ordinance on climate.

The scale of the climate crisis is more apparent than ever and the effects of climate change are threatening people, business operations, and economies around the world.

We are acutely aware of the issues at stake, it is a global challenge and is difficult to reverse. Our upstream activities account for over 90% of value chain emissions. The risk associated with climate change is connected to our reliance on numerous input materials that are vulnerable to climate change and the potential for increased costs due to carbon emissions regulations.

As our business is potentially affected by climate change, we have already been carefully considering many aspects addressed by the Taskforce on Climate-related Financial Disclosures (TCFD) for several years. 

Addressing climate change risk
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Addressing climate change risk

We address climate change risk through a comprehensive approach that aims at both mitigating it and elaborating new opportunities. We have committed to excellence in climate action, thereby basing our own agenda on ambitious GHG emission reduction targets and encouraging our supply chain partners to increase their efforts for reduction of their own emissions.

Our aim is to be a business that actively benefits the natural environment and takes action to protect nature both in our operations and across our entire supply chain. 

Metric and targets
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Metrics and targets
Metrics
Targets
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Targets used by Givaudan 
to manage climate-related risks and opportunities

100% of our entire electricity supply to be converted to fully renewable sources by 2025
 

Cutting our supply chain emissions (scope 3) before 2030 by 20% and by 50% before 2040

 

Our operations’ carbon emissions will be reduced by 70% by 2040 and by 90% by 20245, to achieve net-zero by 2045 (baseline 2015)

Continuously improve water efficiency on all other sites, through a water withdrawal rate reduction
 

 

Our supply chain energy and industrial GHG emissions will be reduced by 25% by 2030 and by 90% by 2045, to achieve net-zero by 2045 (baseline 2020)

100% of our wastewater discharge to meet or exceed regulatory and industry standards by 2030
 

 

Our supply chain FLAG GHG emissions will be reduced by 30.3% by 2030 and by 72% by 2045, to achieve net-zero by 2045 (baseline 2020)

Zero operational waste directed to landfill for all manufacturing sites by 2030 
 
 

 

Improve water efficiency through at 25% water withdrawal rate reduction on sites facing water stress by 2030

100% plastics circularity by 2030
 
 

 

Read more on our climate-related financial disclosure in our 2025 Integrated Report on economic and ESG performance.

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Nature-related financial disclosures (TNFD)
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