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. 

Symrise AG

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Symrise develops, produces and sells fragrances, flavorings, cosmetic active ingredients, raw materials and functional ingredients as well as sensorial and nutritional solutions. Its clients include manufacturers of perfumes, cosmetics, food and beverages, the pharmaceutical industry and producers of nutritional supplements as well as pet food and baby food.

Its sales of € 2.602 billion in 2015 and a global market share of approximately 12 % place Symrise among the leading companies in the global flavors and fragrances market. Headquartered in Holzminden, Germany, the Group is represented in over 40 countries in Europe, Africa, the Middle East, Asia, the United States and Latin America. Around 8,300 people work in the two business segments at Symrise Group – Scent & Care and Flavor & Nutrition.

Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life, such as perfumes, personal care products, detergents and household cleaners, beverages, snacks and confectionery as well as baby and pet food. At Symrise, an important part of value creation is developing products that provide an additional benefit for the consumer. Symrise thus offers taste solutions that make it possible to reduce the sugar or sodium content in food as well as moisturizing cosmetic ingredients that allow the amount of preservatives in care products to be reduced.

The company was formed in 2003 by the merger of Dragoco Gerberding & Co. AG and Haarmann & Reimer GmbH. Symrise has been traded on the German stock exchange since December of 2006 and was added to the MDAX about a year later.

The Flavor & Nutrition segment is where experts work on modern nutrition concepts. More than 15,000 individual products provide excellent flavor, support physical health and increase culinary pleasure, among other aspects. The segment is subdivided into two divisions: Flavors and Diana.

Flavor develops, produces, and sells flavors and functional ingredients for use in foods, beverages and health products. This includes culinary products and snacks, sweets and desserts, dairy products and ice cream, and beverages and nutritional supplements. The central platform for developing new products is taste for life® – a unique tool for meeting consumer needs with market-driven and successful products.

Diana develops tailor-made solutions from natural raw materials, which help to improve the sensorial and nutritional performance of its customers’ products. This includes sensorial and nutritional solutions to reinforce its customers’ benefits in the food industry, as well as natural and functional food solutions and palatability enhancers for pet food. Another area are plant cell cultures dedicated to actives synthesis for the food, health and cosmetics industries.

Symrise has comprehensive, up-to-date nutritional expertise that focuses on the demands of consumers. Its core competency rests in identifying these demands and translating them into successful product concepts. Symrise flavors are used by customers to make savory, sweet or dairy foods, and beverages, with individual tastes. They may come in liquid, powdered, granulated or pasty form and are used in end products and complete solutions, which can contain other functional raw materials, colorants or microencapsulated components. A key strategic instrument is taste for life™ with its slogan “Making the tastes people love”. Here, Symrise develops creative and market-ready product concepts which are precisely customized to meet consumer needs and help clients to position their products successfully by creating a balance between health and enjoyment. The business unit Consumer Health business, represents another pillar. In addition to consumer insights, it focuses on research in fields such as nutritional physiology. 

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