>

2020 Track Record and 2025 Goals

The power of holistic action: In 2020, Symrise put the stability of its business model and resilience in times of crisis to the test amid a difficult environment.

Our sales increased even though the global economy passed through a deep recession. We remain one of the most profitable companies in the industry. At the same time, we boosted our sustainability performance: Preserving our Earth’s diverse natural resources, taking resolute action to protect the climate and assuming responsibility for employees and local communities are at the top of our agenda.

Our five goal dimensions cover the requirements for non-financial corporate reporting in accordance with the CSR Directive Implementation Act (see “Sustainability & Responsibility” chapter, or www.symrise.com/sustainability).

We have our sights firmly set on our goals for 2025. We’ve established and are consistently implementing concrete measures across all areas of our corporate activities. Symrise will continue to be one of the world’s most successful manufacturers of fragrances, flavorings and food ingredients in 2025 and beyond.

Symrise continued its robust growth course in 2020. At the same time, we boosted our sustainability performance.

BUSINESS

Our 2020 track record Notes Goals for 2025 Notes
2.7% organic sales growth Sales growth remained slightly below the targeted range of 3 – 4% because a criminal cyber attack in December temporarily impacted business perfor­mance. 5 – 7% CAGR We want to grow faster than the market overall. This allows us to gain market shares and increase the distance between us and smaller competitors.
21.1% EBITDA margin We achieved our targeted margin of 21 – 22% and remain one of the most profitable companies in the industry. 20 – 23% We improve our profitability by continually increasing efficiency and optimizing the product mix.
+ 13.0% increase in eco-­efficiency of greenhouse gas emissions (Scope 1 + 2)1 Global external electricity demand demonstrably obtained from renewable sources. We achieved our goal for 2020 of reducing greenhouse gas emissions by 33% compared with 2010 ahead of schedule. Now we want to increase the eco-efficiency of emissions by more than 60% compared to 2010 by 2025. We aim to be climate-positive starting in 2030 (see 2030: climate-positive), primarily by increasing energy and process efficiency at our production sites and by supporting high-quality and certified climate protection projects.

FOOTPRINT

Our 2020 track record Notes Goals for 2025 Notes
-22.6%increase in efficiency of chemical oxygen demand in wastewater1 Goal missed due to first-time consolidation of ADF / IDF; action plan started. Increase the efficiency of the chemical oxygen demand in wastewater by 4% annually by 2025 or by a total of 60% compared to the base year 2010. We are increasing the yield of our products by changing our processes to sustainable methods.
+19.8% increase in efficiency of sensitive waste  Mainly due to process improvements at the site in Holzminden, Germany. Increase the efficiency of sensitive waste by 4% annually by 2025 or by a total of 60% compared to the base year 2010. We will use exclusively sustainable packaging materials by 2025 and recycle over 95% of the plastic we use wherever possible.
+3.1% increase in efficiency of water consumption Successive progress toward target for 2025. Increase the efficiency of water consumption at all production sites in arid regions by 15% (2018 – 2025). We continually reduce our water consumption by using water-saving technology and raising awareness in our company of the importance of using less.
100% of electricity from renewable sources Global external electricity demand demonstrably obtained from renewable sources. Not applicable as 2025 goal since it was met in 2020.

INNOVATION

Our 2020 track record Notes Goals for 2025 Notes
15.4% of sales from new product developments2 Decreased (previous year: 16.4%) be­cause a product successfully launched ­in 2017 is no longer included. > 15% Networking the highly diverse areas of expertise of Nutrition (Diana), Flavor and Scent & Care.

SOURCING

Our 2020 track record Notes Goals for 2025 Notes
67% of our main suppliers (80% of the procurement volume) assessed according to sustainability criteria Goal missed because ADF / IDF main suppliers will not be assessed until 2021. 100% based on 90% of the procurement volume. Increase of the included procurement volume from 80% (2020) to 90( )% (2025).
100% primary and 100% secondary palm oil derivatives from certified sustainable sources Goal achieved according to Symrise palm oil policy. Not applicable as 2025 goal since it was met in 2020.
72% of strategic biological raw materials derived from sustainable sources Responsible sourcing action plan launched in 2020. 100% sustainable sourcing of all strategic biological raw materials by 2025. We aim for sustainability in the supply chain by continuing to strengthen our backward integration, intensifying co­operation with suppliers and initiating joint supply chain projects and programs.

CARE

Our 2020 track record Notes Goals for 2025 Notes
28% women in the first management level 2020 goal: 25% exceeded 30% We believe in strong, diverse leadership and offer good advancement opportunities for women.
42% women in the second management level 2020 goal: 42% achieved 45% We promote the career development of women and provide them with freedom so they can balance career and family.
3.0% MAQ3 accident frequency 2020 goal MAQ: < 2.5 missed “Drive to 100% Safety” project launched. Industry-leading occupational safety < 1.5 MAQ Continuous implementation of a zero-­accident culture through company-wide initiatives and training.

1 All figures relative to the value added

2 Relative to market launch in the past three years

3 MAQ = work accidents (> 1 lost day) x 1 million /working hours

Further Stories >

card-image

Highlights 2020

Highlights in 2020

Read more >
card-image

Editorial of the Global ­Management ­Committee

Increasing the value of the company and solidifying its future prospects are the key pillars that define our strategy at Symrise. For us, economic success and sustainability go hand in hand.

Read more >
card-image

Our Company

Symrise products provide exciting flavor and fragrance experiences, improve food characteristics, and contribute to the health and well-being of consumers in more than 150 countries around the world.

Read more >
card-image

Our Values, Goals, Responsibility

At Symrise, shared values form the basis for shared goals: We strive for economic success and, at the same time, embrace our responsibility to the environment, our em­ployees and society.

Read more >
card-image

Sustainability at Symrise

Sustainability is an integral component of the Symrise business model and corporate strategy.

Read more >
card-image

Our Goal: Climate-positive starting in 2030

The business activities of Symrise will contribute to preventing or sequestering more greenhouse gas emissions from the atmosphere than we produce through our operating activities.

Read more >