IFF Named to Barron’s 100 Most Sustainable Companies List for Second Consecutive Year
11 February 2019 - 9:15PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc., (NYSE: IFF)
(Euronext Paris: IFF) (TASE: IFF), was recognized on Barron’s 100
Most Sustainable Companies List, an index first launched in
February 2018. It joins the ranks of 99 leading U.S. companies,
assessed for environmental, social and corporate governance
factors.
“I am very pleased that IFF earned a spot on Barron’s list for
the second consecutive year,” said Andreas Fibig, IFF Chairman
& CEO. “We take our responsibility to consider sustainability
in all aspects of business decision-making seriously, and to
prioritize the well-being of future generations. Fortunately, our
employees are ready and willing to take on this challenge – and
this honor reflects both their passion and perseverance.”
In partnership with Calvert Research and Management, a US-based
investment advisory firm, Barron’s sustainability list was compiled
by analyzing the 1000 largest publicly held US companies by market
capitalization. Then, they evaluated hundreds of key performance
indicators, which were organized into issues (such as water use,
greenhouse gas emissions, business ethics, and product
environmental impact and lifecycle) that, in turn, fell into the
stakeholder categories of shareholders, employees, customers,
planet, and community.
IFF’s EVP, Chief Global Scientific & Sustainability Officer
Dr. Gregory Yep said, “I am both proud and humbled to say that
sustainability is embedded in everything we do -- but we can always
do better. We consider every product we create, every process we
use and every decision that we make as an opportunity for
continuous improvement.”
Since 2018, the Company:
- Launched new environmental goals
focused on emission reductions, zero waste to landfill and water
stewardship, known collectively as “EcoEffective+”
- Furthered its industry-leading position
with 90 natural extracts certified vegan in IFF-LMR’s
portfolio
- Strengthened its strategic portfolio
with IFF-LMC’s acquisition of sustainable ingredients from Kemin
Industries, an ingredient manufacturer committed to improving the
quality, safety and efficiency of food and health-related
products
- Earned a spot on the Euronext Vigeo
World 120 index, an index that recognizes companies for exceptional
environmental, social and governance (ESG) performance
- Received recognition on CDP’s A List
for Climate Change for the fourth consecutive year and received an
“A” for Water Security for the first time, naming IFF as one of the
global leaders in environmental responsibility
- Gained the industry-first FairWild
certification for Peru Balsam, an ingredient used in perfumery,
underscoring the Company’s commitment to conserving natural
resources, sustainable harvesting processes and fair working
conditions
For more information on sustainability at IFF, visit
iff.com/sustain.
# # #
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF) (TASE: IFF) is a leading innovator of scent, taste, and
nutrition, with over 110 manufacturing facilities, 100 R&D
centers, and 33,000 customers globally. At the heart of our
company, we are fueled by a sense of discovery, constantly asking
“what if?”. That passion for exploration drives us to co-create
unique products that consumers experience in more than 150,000
unique products sold annually. Our 13,000 team members globally
take advantage of leading consumer insights, naturals exploration,
research and development, creative expertise, and customer intimacy
to develop differentiated offerings for consumer products.
Learn more at www.iff.com, Twitter , Facebook, Instagram, and
LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20190211005688/en/
Michael DeVeauHead of Investor Relations and Communications
& Divisional CFO, Scent212.708.7164Michael.DeVeau@iff.com