Firmenich Achieves Highest EcoVadis Platinum Sustainability Rating

Firmenich, the world's largest privately-owned perfume and taste company, has received the highest Platinum rating for environmental and social performance from EcoVadis for the second consecutive time.

January 14, 2022. By News Bureau

Firmenich, the world's largest privately-owned perfume and taste company, has received the highest Platinum rating for environmental and social performance from EcoVadis for the second consecutive time.

EcoVadis, known as the world's most trusted business sustainability ratings agency, increased Firmenich's score by five points to 88/100. With this evaluation, the Group was placed in the top 1% of more than 85'000 companies assessed and leads its industry sector.
 

"This second consecutive EcoVadis Platinum rating recognizes that Firmenich has extended its leadership by putting ambitious environmental and social goals into effective action every day at the highest global level," said Gilbert Ghostine, CEO Firmenich. "Our industry-leading, improved performance is a tribute to the hard work of all my colleagues, who are making our business a force for good for climate, nature and people."

"We are grateful for this score of 88/100, which demonstrates that we are continuously delivering on our Environmental, Social and Governance (ESG) strategy and not resting on our laurels," said Gianluca Colombo, Chief Procurement Officer, Firmenich, and a member of the EcoVadis CPO advisory board. "Since we joined the EcoVadis rating process several years ago, it has helped us scale up our action for sustainable supply chains, integrating risk and closely engaging with our suppliers."

Firmenich's sustainability policies, initiatives, results and its 2025-2030 ESG Ambitions were analysed using recognized international standards. EcoVadis evaluated the Group's sustainability performance according to 21 criteria in four categories, attributing scores of 90/100 in environment, labor & human rights, and sustainable procurement practices, and 80/100 for ethics.

Firmenich improved its overall 2020 EcoVadis score of 83 out of 100 points to 88 out of 100 in 2021.

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