International Flavors & Fragrances (IFF) will aim to obtain 75% of its electricity portfolio from renewable sources by 2025, as part of new environmental goals launched this week.
Called EcoEffective+, the objectives focus on zero waste to landfill, water stewardship and emission reductions.
As part of the pledges, the US company will strive to reduce greenhouse gas emissions by 30% and encourage suppliers to set their own science-based reduction targets and report annual emissions.
IFF will further reduce its fresh water consumption by using recycled water for more than half of its non-product operations. Since 2010, the company has “reduced its water use intensity by approximately 68%, surpassing its 2020 target of 50%”.
Finally, the firm will seek to achieve zero waste to landfill status at all major manufacturing facilities by 2025.
IFF CEO Andreas Fibig said: “After surpassing three of our four 2020 environmental targets, I am proud to say that EcoEffective+ will take us to 2025 and beyond.
“We developed these goals by reviewing what is essential to IFF, our stakeholders, and most importantly, the planet.
“We have an unyielding commitment to the Earth and I believe that excellent environmental stewardship is both good business and absolutely the right thing to do.”
This week Fibig signed the CEO Water Mandate, which aims to mobilise business leaders to advance water stewardship, sanitation, and the Sustainable Development Goals in partnership with the United Nations, governments, peers and civil society.
IFF executive vice president of operations Francisco Fortanet added: “Based on our success in achieving our previous targets, I’m confident that our green teams around the world are well-equipped to take on this new challenge.
“EcoEffective+ is the next step for IFF to further embed sustainability principles, not only at the operational level but at the core of our organisation.”
Last month IFF acquired Israeli flavours company rival Frutarom for $7.1 billion as it aims to grow into fast-growing categories such as natural colours, enzymes, antioxidants and health ingredients, and offer its clients an enhanced product range.
IFF said the deal will establish the company as the largest natural flavours and ingredients firm in the world, with revenues of $5.3 billion.
© FoodBev Media Ltd 2019