Firmenich steps up leadership on climate action & biodiversity at Climate Week NYC

 At Climate Week NYC, Firmenich, world's largest privately owned perfume and taste company, is engaging with like-minded businesses and United Nations leers to accelerate exponential action on race to a zero-carbon future. Building on Group's ambitious, science-based targets, Firmenich committed to three new initiatives on climate change, biodiversity and an inclusive recovery, vancing Group's progress towards B Corp certification.

" time to act is w! During Climate Week NYC Firmenich is partnering with like-minded businesses to scale up measurable climate action, restore biodiversity and achieve exponential progress needed to ensure a green and sustainable recovery," said Gilbert Ghostine, CEO Firmenich.

Driven by our ambitious, science-based targets and commitment to a zero-carbon future, this year Firmenich became one of only a few companies in world, and first in our industry, to power all our operations with 100% renewable electricity." Berangère Magaris Ruchat, Chief Sustainability Officer, Firmenich, said: As we eng on our new sustainability strategy focused on people, nature and climate action, supported by ambitious 2030 targets, Firmenich is committed to continue to le industry in Environmental Social and Governance (ESG) performance.

We are delighted to play a leing role in three key international initiatives during Climate Week NYC, as we vance on our rigorous and impact-driven Sustainable Development Goals (SDG) romap." Firmenich's new Pathways to Positive approach revolves around three pillars, Caring about People, Respecting Nature, and Acting on Climate Change. y guide Group's engment with suppliers to build more responsible supply chains, with customers to build sustainable solutions and with partners to make industry more responsible.

Caring for People Making its inclusive capitalism business model work for people, as well as planet and society, leing action on climate and biodiversity is at core of Firmenich's 125-year legacy as a responsible business.

One of only 36 United Nations Global Compact LE companies, Firmenich has been an active member of business coalition for over a dece, placing UN SDGs at heart of its growth strategy.

Marking 75th anniversary of UN, Firmenich CEO Gilbert Ghostine is joining forces with more than 1000 CEOs from more than 100 countries to call for renewed global cooperation. ir statement urges more inclusive and international action at a time of unprecedented disruption and global transformation.

In starting year of UN's Dece of Action, in July Firmenich became first in its industry to complete a key milestone for its B Corp Certification, SDG Action Manr assessment, developed by B Lab and UN Global Compact. assessment confirmed Group's overall strength in areas such as Health, Human Rights and Climate Action.

Furr vancing its B Corp journey, Firmenichrecently joined Swiss Triple Impact, an engment program reinforcing rigorous B Corp assessments overseen by n-profit organization B Lab Switzerland.

Acting on Climate Change Gilbert Ghostine signed CEO letter with more than 170 or business leers and investors, including Unilever, Dane and IKEA, calling on European Union states to scale up climate action with an emissions reduction target of at least 55% by 2030 and an ambitious green recovery.

As one of early signatories of "Business Ambition for 1.5C" coalition committed to Science-Based Targets to combat climate change, Firmenich is also actively engd with Race to Zero, largest ever campaign driving for net-zero carbon emissions by 2050. Group is committed to a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth.

Respecting Nature Firmenich also joined Business for Nature coalition, calling on governments to act w to reverse nature loss within next dece and joining forces to protect, restore and sustainably use our natural resources.

This builds on Firmenich's commitment to restoring biodiversity as one of 19 founding members of OP2B, a global coalition of like-minded companies committed to restoring biodiversity, Led by World Business Council for Sustainable Development (WBCSD) and Emmanuel Faber, Chairman and CEO of Dane, this coalition champions alternative agriculture practices to protect and restore biodiversity across ir supply chains and product portfolios.

This year Firmenich received its second consecutive CDP triple "A" rating for climate change, water security, and forests, one of only six companies worldwide. Our commitment to most ethical, traceable, and sustainable supply chain was furr reinforced by a Platinum rating from EcoVis for our environmental and social performance.

About Firmenich Firmenich is world's largest privately-owned perfume and taste company, founded in Geneva, Switzerland, in 1895 and has been family-owned for 125 years. Firmenich is a leing business-to-business company operating primarily in fragrance and taste market, specialized in research, creation, manufacture and sale of perfumes, flavors and ingredients.

Rewned for its world-class research and creativity, as well as its leership in sustainability, Firmenich offers its customers superior invation in formulation, a bro and high-quality palette of ingredients, and proprietary techlogies including biotechlogy, encapsulation, olfactory science and taste modulation. Firmenich h an annual turver of 3.9 billion Swiss Francs at end June 2020.