2023 ESG and Givaudan

2023GivaudanandESG Purposeandperformance Whoweare Humanbynature. Weseektoelevatethehumanexperiencewiththeproductsandsolutionswecraft.Webelieveinthewisdomofnatureanditisourmissiontoprotectit. Wearegrowingwithpurpose. Whatwedo Creatingforhappier,healthierlives withlovefornature. Wearecommittedtodrivinglong-term,purpose-ledgrowthincollaborationwithourcustomers.Withourtwobusinessdivisions, Taste&WellbeingandFragrance&Beauty,weaspiretoincreaseourpositiveimpactontheworld. Thisentailspioneeringsustainablesolutionswhileshowingourlovefornatureandtaking theleadinadvancinginitiativesaimedatimprovingthehappinessandhealthofpeople. Let'simaginetogether. Oursustainabilityjourney 2016–2019 2020–2023 2020 ›Givaudanannouncesits2025strategy“Committedtogrowth,withPurpose” 2010 2010 –2015 2016 ›BeginningofGivaudan'sintegratedreportingjourney 2017 ›Newapproachtosustainability“ASenseofTomorrow”introduced ›SettingourGHGemissionstargetinlinewith ScienceBasedTargetsInitiative ›Givaudancommitstocontributetothe UNSustainableDevelopmentGoals 2019 2021 ›GivaudanintroducesthenewSourcing4Goodprogramme ›GivaudanpublishesitsHumanRightspolicy ›GivaudanjoinsTogetherforSustainability(TfS) ›GivaudanengagedasadvisoryBoardmembersintheRenewableCarbonInitiative ›GivaudanincludesTCFDrecommendations ›GivaudanincludesSASBstandardsmapping 2022 ›ESGfullyintegratedinGivaudan'sbusinessstrategy ›Accelerationofoursustainabilitydigitaljourney SupportforUNGlobalCompactpronounced 2015 GivaudancommitstoRE100andtosetaScienceBasedTarget ›Newapproachtoshapingasustainablefuturethroughthenewlydefinedpurpose‘Creatingforhappier,healthierliveswithlovefornature.Let'simaginetogether.’ ›Givaudanalignstargetto1.5°CandsignstheUN'sBusinessAmbitionfor1.5°C,reinforcingourcommitmenttobecomeclimate-positivebefore2050 2023 ›Weconductedourfirstdoublematerialityassessment ›GivaudanjoinstheLEADNetwork ›SubmissionofthefirstCDPForestquestionnaire ›Celebratingthe10yearsoftheGivaudanFoundation AcceleratingprogressonourESGagenda Collaboratingwithsuppliers,customers,andpartners,wedriveprogresstowardsboldsustainabilityambitionstogether. WillemMutsaerts,HeadofGlobalProcurementandSustainability Handinhand,we cannavigatethecomplexESGenvironment,drivegrowthandacceleratepositivechangeforsociety. SimonHalle-Smith,HeadofGlobalHumanResourcesandEHS In2023,ESGmatterswereamajorthemetheworldoverandacatalystforchangeinSwitzerland.Morestringentregulationsbringnewchallenges,yetallowustoshowoursolidpositionintermsofreportingandenvironmentalandsocialKPIs. Wedevelopedforthefirsttimeadoublematerialityassessment,allowingusto re-evaluateourESGimpactsandriskscomprehensively.Theseeffortsconfirmedthedirectionwehavetaken,notablyintermsofthematerialtopicClimateChange,andunderscoredtherelevanceofareaswherewehavebeenplacingmoreemphasis,includingBiodiversity,Diversity,Equity&Inclusion. Effortstoincreaseenergyefficiencyanduseofrenewableenergysourcesarepropellingustowardsclimatepositivitywhileathoroughreviewofourwaterfootprinthasidentifiedscopeforoptimisingefficiency,anintegralelementofourenvironmentalprotectionefforts. Withourpeople,wearestrivingtobecomeevenmorebalancedandinclusive,improvinghowwecareforall.Inourongoingeffortstowardsequality,wetargetequalpayandactivemanagementofunconsciousbias. Removingworkplacebarriersand pursuingdedicatedinitiativesallowsustofosteramoreinclusiveenvironment. Toensurethesafetyandwellbeingofourworkforce,weareexpandingourbehaviouralsafetyprogrammetocreateacultureofsafetyandreduceworkplaceincidents.Providingaccesstomentalandphysicalhealthinitiatives,tools,andtrainingallowsustosupportthewellbeingofourworkforce. ESGeffortsextendnotonlytoouremployees,butalsotothecommunitieswherewesourceandoperate.Respectinghumanrightsandappropriatelabourconditionsisessentialtobeingaresponsiblecorporatecitizen.In2023,weensuredthatourduediligenceandtransparencyrelatedtomineralsandmetalsfromconflictzonesandchildlabourmeetthenewestregulations,includingSwitzerland'sCodeofObligations. Byfocusingonthesegoals,wecanimprovethelivesofmillionsandpromoteacompanyculturethatvaluesthewellbeingofitsemployeesandthecommunitiesitserves,allwhilecaringfortheenvironment. Finally,wewouldliketoexpressourthankstoourcolleagues,customers,partnersandsuppliersfortheircontinuedcommitment ESGfullyintegratedinourbusiness CommittedtoGrowth,withPurpose Asapurpose-ledCompany,wecangoevenfurthertomakeourworldahappierandhealthierplace.Ourpurposeleadsthewaytoincreasingourpositiveimpactonsocietyandtheplanetinordertoensureoursustainablelong-termperformance.Itisourintentiontodelivergrowththroughthecreationofinspiringproductsforhappier,healthierliveswhileachievingourambitiousfinancialtargetsandlonger-termpurposeambitions. E P O R T F O L I E X P A N D T H CREATIONSESG D E S S C A E R Wecreateinspiringsolutionsforhappier,healthierlives 2025Strategy NATUREEG Weshowourlovefornaturethroughimpactfulactions O R A M U C O F H R E M PEOPLESG Wenurtureaplacewherewealllovetobeandgrow COMMUNITIESESG Growingtogetherwithourcustomers S E I G E T A R T S T E