The world’s largest privately-owned perfume company, Firmenich, has become one of just 149 firms across the globe to have approved science-based targets.
The Swiss firm, best known for fragrances including Acqua di Gio by Giorgio Armani, Boss Bottled by Hugo Boss and Romance by Ralph Lauren, has joined the Science-Based Targets initiative.
It is committing to reduce absolute Scope 1 emissions (direct greenhouse gas) and Scope 2 (electricity indirect GHG) CO2 emissions by 39 per cent and Scope 3 (other indirect GHG emissions) by 20 per cent by 2030.
The goals complement Firmenich’s 2020 environmental targets which include 100 per cent of electricity used in manufacturing sites from renewable sources or offset, zero waste to landfill across its manufacturing sites, 20 per cent reduction in absolute CO2 emissions and 25 per cent decrease of water use rate in water-stressed areas.
Gilbert Ghostine, Firmenich’s CEO, said: “I am proud that Firmenich is one of only 149 companies to have its goals approved by the Science-Based Targets initiative.
“These ambitious targets challenge us to work even harder to reduce our environmental footprint, while actively engaging with our suppliers and customers to reduce CO2 emissions through our supply chain.”
Cynthia Cummis, director of private sector climate mitigation at World Resources Institute, one of the Science Based Targets initiative partners, said: “We congratulate Firmenich for committing to strong science-based targets, thus contributing to the global effort to keep global warming below the two-degree threshold set by the 2015 Paris Agreement.
“We are delighted that they are working closely with their suppliers to cut their greenhouse gas emissions (GHG) and thus accelerate climate mitigation.”
Jane Sinclair, head of legal and compliance and general counsel at Firmenich, said: “Firmenich is on a path to carbon neutrality and aims to solely rely on renewable electricity for our manufacturing sites by 2020. Today, 78 per cent of our electricity globally comes from renewable sources or offsets, and in Europe all of our manufacturing sites solely rely on renewable electricity.”
“We look forward to working with the Science-Based Targets initiative and mobilizing our teams to make these ambitious targets a reality by 2030. To reduce our Scope 3 emissions, we are now engaging our own suppliers through CDP to disclose their climate change data and take action to set GHG targets.”
The Science-Based Targets initiative is a partnership between CDP (formerly the Carbon Disclosure Project), the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), using science-based goals as a to boost companies’ competitive advantage in the transition to a low-carbon economy.
Neil McFarlane, Senior VP Quality, Health, Safety, Security & Environment said: “We look forward to working with the Science-Based Targets initiative and mobilising our teams to make these ambitious targets a reality by 2030. To reduce our Scope 3 emissions, we are now engaging our own suppliers through CDP to disclose their climate change data and take action to set GHG targets.”