Symrise Climate Strategy Approved by “Science Based Targets Initiative”

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07 Jul 2017 --- Sustainability has a high priority at Symrise – from resource-conserving and low-emission production methods and preserving biodiversity to supporting social equality. In pursuing these goals, the company has once again set itself lofty climate goals. Symrise was able to achieve these ahead of schedule in 2016. 

Now Symrise is taking things a step further. The Holzminden-based company is setting itself ambitious goals once again in order to fulfill its aspiration of meeting the demands of international climate researchers and to comply with the resolutions of the UN Climate Conference COP 21 in Paris.

The Science Based Targets initiative by Carbon Disclosure Project (CDP), UN Global Compact, World Resources Institute (WRI) and WWF aims to raise the level of corporate climate protection and to also make it easier to assess. Time is running out, after all. If global greenhouse gas production continues on its present course, the average global temperature will increase by up to 4.8 degrees Celsius – which would have devastating consequences for planet earth. 

The Science Based Targets initiative aims to motivate companies to set themselves ambitious climate goals in order to stop this trend and limit global warming to two degrees Celsius at most. To do so, the initiators have developed the sector-based decarbonization approach (SDA). This is a new method in which players in each sector set their goals in accordance with scientifically based climate research for a period of time until 2050, allowing them to effectively counteract climate change. More and more companies around the world are setting science-based targets for themselves – but the list of German companies is rather short. 

“Symrise is one of the first German companies to apply for science-based targets,” said Dr. Helmut Frieden, Corporate Sustainability at Symrise. “We are even prouder that those running the initiative agree that the goals we have laid out are right and have approved them.”

Lila Karbassi, Chief of Programmes at the UN Global Compact - a Science Based Targets initiative partner, said: “It is encouraging to see companies such as Symrise set industry-leading targets to cut emissions. By ensuring targets are aligned with the goals of the Paris Agreement, Symrise is demonstrating to investors, customers and policymakers that they are preparing to transition to the low-carbon economy while future-proofing growth.”
 
Working in Line with UN Climate Convention
The sustainability experts at Symrise defined the 2016 greenhouse gas emissions for the entire supply chain for the application process. Based on these, they developed concrete goals for the company’s production, which they then presented to the initiative’s steering committee for validation. Symrise is thus committing to reducing its greenhouse gas emissions by 17.5 percent by 2030. In addition, Symrise wants to ensure that suppliers who provide at least 80 percent of the entire purchasing volume of raw materials commit themselves to their own climate targets and reduction measures. In doing so, Symrise is a role model in terms of climate protection in Germany and is acting in accordance with the resolutions of the UN Climate Conferences COP 21 in Paris and COP 22 in Marrakesh. 

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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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