Symrise takes a systematic approach to sustainability. Based on our materiality analysis, we regularly identify key issues that are important for our business and in relation to our impact on the environment, society and our stakeholders. Specific goals demonstrate our ambitions and make progress visible and measurable.
One issue is climate change. We have set ambitious goals for ourselves in this area. As of 2030, we expect our company to be climate positive. There is a clear action plan for how we want to achieve this. Since 2020, we have already been sourcing 100 % of our electricity from renewable sources. By 2025 we also aim to increase the eco-efficiency of our greenhouse gas emissions by more than 60 % compared to 2010. The sustainability team is vigorously pursuing this initiative. In addition, the focus is on preserving biodiversity. Symrise is a company that depends heavily on nature. We use natural substances from all parts of the world and from a wide variety of climate zones. We must protect our nature, and we want to make our contribution.
Our business is inspired by the biodiversity of nature. A sustainable alignment of our company within this strategic bracket makes us both robust and resilient, even in times of crisis.
We want to produce evidence that our measures work instead of sugarcoating them. Take the climate target for 2030. We were the 61st company worldwide and in Germany one of the first three companies to receive a scientifically tested Science-Based Target. We were among the first ten companies in Germany to join the Science Based Targets initiative. In addition, we continue to align ourselves closely with the Sustainable Development Goals of the United Nations and to report on our annual progress. Since 2018, Symrise has also been one of the now over 1,700 companies all over the world that supports the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Accordingly, we report climate-related facts, figures and data in our Sustainability Record and also refer to the covered reporting requirements of the Sustainability Accounting Standards Board (SASB).
We have divided the sustainability aspects of Symrise into four thematic blocks: environmental protection (Footprint), employees and society (Care), raw material sourcing (Sourcing) and sustainable innovations (Innovation). They form the framework that we are required by law to certify every year. The Symrise Supervisory Board is responsible for these non-financial indicators. This involves a great deal of transparency for a listed company.
The good demand for our products and the stable share price even during the coronavirus pandemic demonstrates the trust our customers and the capital market have in our sustainable business model.
Minimize our environmental footprint along the value chain
Maximize positive social and environmental impacts of our products
Maximize the sustainability of our supply chain and raw materials
Improve well-being in our stakeholder communities
Goals and management of our sustainability topicsRead more >
We keep a sustainable view on every single stage of our value chain.Read more >
Symrise uses the international standards of the Global Reporting Initiative (GRI) for reporting on its non-financial and sustainability-related performance.Read more >
In our sustainability reporting, we comply with the guidelines of the Global Reporting Initiative (GRI) from the version GRI Standards (2016), including the most recent updates from 2018, 2019 and 2020.Read more >