Symrise Celebrates Success With New Corporate Report

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20 Apr 2015 --- Following a very successful 2014, in which the company grew by acquisition into new markets, German flavors giant Symrise has published its first integrated corporate report with the title Growing Through Diversity.

The report describes the links between sustainability and economic success and replaces the classic annual report. For the first time, auditor DQS has certified the sustainability information contained in the report in accordance with the AA1000 Assurance Standard.

With its new integrated concept, the corporate report addresses all target groups in regard to the key financial figures and sustainability management of the company. With excerpts from the Management Report and the consolidated financial statements, the publication contains all of the key components of the financial report. 

Symrise has taken aspects of sustainability into account in its corporate strategy for years. These are now an indispensable part of the value chain. Symrise has developed its reporting accordingly and had it audited comprehensively. The company is taking a leading role as a publicly traded company with this step.

When it comes to reporting sustainability, Symrise follows the current G4 guidelines of the Global Reporting Initiative (GRI) and comprehensively addresses key issues. DQS had the Sustainability Record verified through an external assurance review and assessed all quantitative and qualitative sustainability information in accordance with the internationally recognized AA1000 Assurance Standard. The independent audit by DQS verifies that the measures to act sustainably and in an environmentally friendly manner are set up effectively and measured correctly.

As a signatory of the United Nations Global Compact, Symrise has voluntarily committed itself to establishing principles of responsible behavior in its strategy. The company achieved the Global Compact Advanced level this year, as it reports extensively on practical examples of its sustainability work. The Global Compact reflects the implementation of the social and environmental objectives of the United Nations for 2014-2016.

Interviews and reports in the corporate report illustrate the links between sustainability and economic success using concrete examples. For instance, Symrise talks about sustainable raw material sourcing in Madagascar, the efficient use of resources with a planned combined heat and power plant at the company headquarters in Holzminden, innovations inspired by nature at the new site in the Amazon region of Brazil and the diversity of people at Symrise.

Symrise AG

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Symrise develops, produces and sells fragrances and flavorings, cosmetic active ingredients and raw materials as well as functional ingredients and solutions that enhance the sensory properties and nutrition of various products. The company’s nearly 30,000 products are mainly produced on the basis of natural raw materials like vanilla, citrus fruits, onions, fish, meat, blossoms and plant materials. The flavors, substances, perfume oils and sensory solutions are often central functional components for its customers’ end products. These customers include manufacturers of perfumes, cosmetics and foods, the pharmaceutical industry and producers of nutritional supplements, pet food and baby food.

With sales of more than € 2.9 billion in 2016, Symrise is among the global leaders in the market for flavors and fragrances. Headquartered in Holzminden, Germany, the Group is represented in over 40 countries in Europe, Africa and the Middle East, Asia, the United States and Latin America.

Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process.

The company’s origins go back to the year 1874. Symrise has since grown to achieve a market share of currently 11 % – making it one of the leading suppliers of flavors and fragrances on the global market. A high level of innovation and creativity, an exact knowledge of customer needs and various regional consumer preferences as well as targeted expansion into new and promising market segments contribute to our company’s above-average growth rate. Today, Symrise has about 9,000 employees working at sites in more than 40 countries, serving over 6,000 customers in roughly 160 countries.

Since October 2016, the operating activities of the Symrise Group have been broken down into three segments: Flavor, Nutrition and Scent & Care. The divisions within these segments are organized according to business units and regions.

Each segment has its own research and development, purchasing, production, quality control, marketing and sales departments. This system allows internal processes to be accelerated. Symrise aims to simplify procedures while making them customer-oriented and pragmatic. It places great value on fast and flexible decision-making.

The Flavor segment contains the Beverages, Savory and Sweet business units. Flavor’s range of products consists of approximately 13,000 items, which are sold in 145 countries. The flavorings Symrise produces are used by customers to make foods and beverages and give the various products their individual tastes. Symrise supplies individual flavorings used in end products as well as complete solutions, which, apart from the actual flavor, can contain additional functional ingredients, food coloring or microencapsulated components. The segment has sites in more than 40 countries in Europe, Asia, North America, Latin America and Africa.

The Nutrition segment markets its nearly 2,000 products in 89 countries via four business units: Food, Pet Food Aqua and Probi. They deliver natural sensory product solutions for taste, texture, color and functionality in foods, beverages, and baby food based on backward integration processes for vegetables, fruit, meat and seafood. It also supplies natural-taste and acceptance- enhancing products for pet foods and sustainable marine ingredients for aquacultures. And there are also probiotics for foods, beverages and nutritional supplements with health-promoting benefits.

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