Energy Efficiency, GHG Emissions, Industrial - May 30, 2024
IFF Reduces Emissions by 21% Since 2021
IFF — a global company in value-added ingredients across a portfolio of products in the food and beverage, home and personal care, and health and wellness end markets — announced a 21% reduction in Scope 1 and 2 GHG emissions below 2021 baseline levels.
Details were released in its 2023 Do More Good Report describing how the company is progressing against its environmental, social, governance, and sustainable solutions strategy across the organization.
The report demonstrates that IFF enabled customers and consumers to avoid approximately 24.6 million tons of CO2e emissions using IFF innovations. This amount represents approximately 16 times more CO2e emissions than generated through IFF’s own Scope 1 and 2 GHG emissions.
The company announced 25,000 metric tons of CO2e were reduced as a result of its sustainability and energy CAPEX program and site-led projects and completed its first Climate Risk Assessment.
In 2023, 405,144 megawatt hours (MWh) of renewable electricity were procured or produced for IFF operations, covering approximately 29% of total electricity use.
“Sustainability for us at IFF is more than just a cost of doing business today — it drives everything we do,” said Erik Fyrwald, IFF CEO, in a statement. “Our passion for sustainable innovation, coupled with ambitious target-setting is vital in helping our customers achieve their sustainability goals and targets.”
IFF retained an independent third party to assess whether the report presents a complete and balanced presentation of its sustainability activities and performance in accordance with the GRI Standards, and whether the 2023 information and data for specified indicators are fairly presented in accordance with the reporting criteria.
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