Included in Climate Disclosure Leadership Index
NEW YORK--(BUSINESS WIRE)--Sep. 23, 2014--
International Flavors & Fragrances Inc. (NYSE:IFF), a leading global
creator of flavors and fragrances for consumer products, today announced
that it has been identified as a leader in Climate Change Reporting and
will be included in the Climate Disclosure Leadership Index (CDLI)
compiled by the CDP (formerly known as the Carbon Disclosure Project).
CDP is a not-for-profit organization working to transform the way the
world does business to prevent climate change and protect the world’s
natural resources.
“At IFF, our sustainability strategy is aligned with our overall
long-term business strategy,” said Kevin Berryman, Chief Financial
Officer. “We make better business decisions by evaluating the financial,
environmental and social implications of the triple bottom line. This
means we are taking into consideration what matters most to our
shareholders, customers, employees and the millions of consumers whose
lives we touch daily.”
Nicolas Mirzayantz, Group President Fragrances and IFF’s Executive
Sustainability Champion, said, “As sustainability is becoming
increasingly more embedded in our business practices and personal
behaviors, we are committed to achieving or exceeding our 2020 goals of
reducing water, waste and GHG emissions by 25% and energy use by 20%, as
well as increasing our use of clean renewable energy. Our eco-efficiency
initiatives allow us to use less energy and water and reduce waste and
carbon emissions, while improving our processes and enabling the
production of high quality, innovative products that people love.”
IFF scored 97 out of 100 in carbon disclosure and was rated A- in
performance. Companies with the top scores for disclosure qualify to be
listed in the Climate Disclosure Leadership Index (CDLI) for their
sample group, which is based on market capitalization.
“We are excited and honored to receive this CDLI distinction as we
continue to support the greening of our customers’ supply chains,” said
Kip Cleverley, Director of Global Sustainability. “Measuring and
managing our environmental impact is an integral part of our global
carbon management strategy.”
About CDP
CDP is an international, not-for-profit organization providing the only
global system for companies and cities to measure, disclose, manage and
share vital environmental information. CDP works with market forces,
including 767 institutional investors with assets of US$92 trillion, to
motivate companies to disclose their impacts on the environment and
natural resources and take action to reduce them. CDP now holds the
largest collection globally of primary climate change, water and forest
risk commodities information and puts these insights at the heart of
strategic business, investment and policy decisions. Please follow us @CDP
to find out more.
About IFF
International Flavors & Fragrances Inc. (NYSE:IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products. Consumers experience these unique scents and tastes in fine
fragrances and beauty care, detergents and household goods, as well as
beverages, sweet goods and food products. The Company leverages its
competitive advantages of consumer insight, research and development,
creative expertise, and customer intimacy to provide customers with
innovative and differentiated product offerings. A member of the S&P 500
Index, IFF has more than 6,000 employees working in 31 countries
worldwide. For more information, please visit our website at www.iff.com.
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Media
Denise
Gillen, 212-515-7308
Denise.Gillen@IFF.com
or
Investors
Shelley
Young, 212-708-7271
Shelley.Young@IFF.com
