Energy Efficiency, GHG Emissions, Sourcing Renewables - August 24, 2022
Firmenich Receives SBTi Approval For Emissions Goal
Firmenich, a privately-owned fragrance and taste company, received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target.
The company has both near- and long-term science-based emissions reduction targets verified and approved by the SBTi. The group is committed to reaching net-zero GHG emissions across its value chain by 2039.
“I am proud that Firmenich is one the first companies to see their net-zero emissions target approved by SBTi. These ambitious goals aim at effectively reducing our environmental footprint, while actively engaging with our suppliers and customers to reduce CO2 emissions through our supply chain. Setting science based targets is crucial to future-proofing sustainable business growth while assuring the stability of our planet and climate system for generations to come,” said Gilbert Ghostine, CEO of Firmenich in a statement.
Firmenich commits to reducing Scope 3 GHG emissions 90% by 2039 from a 2021 base year. The company also commits that 80% of its suppliers by spend will have science-based targets by 2026.
The approval of the net-zero emissions target builds on earlier important milestones in tackling climate change. The company has taken steps to ensure the continued availability of renewable energy options for its sites, from solar and wind as well as by installing biogas boilers at its sites. Since February 2020, all its operations worldwide are powered by 100% renewable electricity.
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