Givaudan : 2022 Sustainability Report

2022 Sustainability Report

Following GRI Standards

About this report

This report has been prepared in accordance with the GRI Standards 2021

Frameworks applied	Reporting principles for
›	GRI Standards	defining report content
›	SASB Standards	›	Sustainability context
›	TCFD Recommendations	›	Completeness
› UN Global Compact
›	Sustainable Development Goals	Reporting principles for
GRI 1: Foundation 2021	defining report quality
›	Accuracy
We have taken into account all	›	Balance
requirements and standards from GRI 1:	›	Clarity
Foundation in the preparation of our	›	Comparability
sustainability report, especially the GRI's	›	Timeliness
reporting principles for defining report	›	Verifiability
content and quality.

Scope and reporting period

This report is published annually.

In line with the financial reporting, the reporting period is 1 January to 31 December. The exception is the environmental data which covers the 12-month rolling period from 1 October to 30 September.

The scope for the financial reporting covers all Givaudan entities and the 19 acquisitions since 2014.

The scope for social indicators covers:

Number of full time employees refers to equivalent full time employees in all Givaudan entities and the 19 acquisitions since 2014. For safety, the following acquisitions are excluded: DDW, Custom Essence.

Head-count is defined as the number of physical people and includes internal temporary and regular employees in all Givaudan entities and acquisitions except: DDW, Custom Essence, Ungerer.

The scope for environmental performance indicators (operations) covers all Givaudan entities and acquisitions except for: DDW, Fragrance Oils, Custom Essence and Expression Parfumée. For environmental performance indicators (supply chain), the scope has not changed from 2021 and covers all Givaudan entities and acquisition except for the following: DDW, Fragrance Oil, Custom Essence, Expression parfumée, Albert Vieille, Golden Frog and Ungerer.

Givaudan - 2022 Sustainability Report  1

About this report

Being a sustainable business is our promise, acting as a force for good is our objective. In our fourteenth sustainability report, the thirteenth in accordance

with the GRI framework, we show our performance and progress with respect to Environment, Social and Governance (ESG)-related aspects.

We report against our impacts in our identified material topics, which are rooted in our strategic approach for 2025 and contribute to our purpose of 'Creating for happier, healthier lives with love for nature. Let's imagine together.'

Our long-term ambition: Our purpose

Creating for happier, healthier lives with love for nature. Let's imagine together.

Creations NaturePeople Communities

Our mid-term priorities: Our 2025 strategy

Committed to Growth, with Purpose

4 - 5%	Purpose	> 12%
linked
growth	FCF
targets

Our impacts and material topics

Economic/Governance

• Economic performance
• Governance & business conduct / ethics / transparency
• Product / ingredients environmental & social performance
• Product quality & safety and ingredient disclosure
• Innovation capabilities & management

Environment

• Climate change
• Waste management & circular principles
• Water stewardship
• Biodiversity

Social

• Human rights
• Diversity, inclusion & people development
• Employee safety, health & wellbeing
• Responsible sourcing & traceability
• Local community development
• Consumer health & wellbeing

Our solid track-record of ESG ratings

			CDP leader board	Awarded the EcoVadis Gold
Double 'A list' for
climate and water for	recognition for	medal, ranking us in the top
four consecutive years	supplier engagement 3% out of 75,000 businesses

FTSE4Good

Index Series

Rated as 'low-risk' in 2022 with	Ranked in the top 2% in	Included in SXI	Since 2017 Givaudan
a score of 19.3 and a chemicals	the FTSE4Good Index	Swiss Sustainability	has been rated AAA by
industry ranking 13 out of 539	Series, among our peers	25 Index	MSCI ESG RATINGS

Givaudan - 2022 Sustainability Report  2

A year in review

Economic ∕ Governance

Environment

Social

Appendix

Table of contents

	4
A year in review
2022 sustainable
performance	5
Letters to stakeholders	6
Our purpose is at the heart
of everything we do	8
ESG fully integrated
in our business	9
Business model	10
Our sustainability journey	12
Innovation embraces
sustainability	13
Stakeholder engagement	15
Material topics	18
Key partnerships	22

27

Economic / Governance

Our ambitions	28
Economic performance	29
Governance & business
conduct / ethics /
transparency	35
Product / ingredients
environmental & social
performance	44
Product quality & safety and
ingredient disclosure	46
Innovation capabilities &
management	50

57 114 163

Environment		Social		Appendix
Our ambitions	58		Our ambitions	115			The principles of the
						UN Global Compact	164
Givaudan's environmental			Human rights	116
footprint	59						The Sustainable
	Diversity, inclusion &
Climate change	60		people development	121		Development Goals	165
						GRI Content Index	168
Waste management &			Employee safety, health &
circular principles	78		wellbeing	130			TCFD Recommendations	174
Water stewardship	88		Responsible sourcing &				SASB Standards mapping	175
			traceability	140		Independent assurance
Biodiversity	99
			Local community			statement	177
Environmental performance	106
			development	151			Our reporting suite	179
			Consumer health &
			wellbeing	158

Givaudan - 2022 Sustainability Report  3

A year in review

Economic ∕ Governance

Environment

Social

Appendix

A year in review

2022 sustainable performance	5
Letters to stakeholders	6
Our purpose is at the heart
of everything we do	8
ESG fully integrated in our business	9
Business model	10
Our sustainability journey	12
Innovation embraces sustainability	13
Stakeholder engagement	15
Material topics	18
Key partnerships	22

Givaudan - 2022 Sustainability Report  4