IFF Launches New Sustainability Strategy

01 Jun 2016, 00:00 AM CDT

NEW YORK–(BUSINESS WIRE)–$IFF #CSR–Regulatory News:

International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:
IFF), a leading innovator of sensory experiences that move the world,
has released its 2015 sustainability results in a report entitled, “Creating
a Sustainable Future,” and announced the launch of a new sustainability
strategy. IFF is embracing a new aspirational vision to lead
positive transformational changes toward a regenerative, healthy and
abundant world.

“Sustainability is critical to our success as a business,” said Andreas
Fibig, Chairman and CEO of IFF. “2015 was a testament to our progressive
and forward-thinking approach as sustainable leaders within our industry
and the results highlighted in our 2015 sustainability report illustrate
that perfectly. But our focus must always be on what is next, not what
we’ve done. For that reason, we have launched our ambitious new
sustainability vision and strategy that we believe can create a positive
and measurable difference in the world.”

As an enabler of IFF’s Vision 2020 business strategy, creating a
sustainable future is essential to IFF’s long-term growth. As such, the
new sustainability strategy is centered on three main aspects: Positive
Principles, Regenerative Products and Sensational People. Through this
strategy, IFF is committed to engaging its people and partners to ask
what if? – and to tackle complex challenges by reimagining what is
possible when sustainability, innovation and passion combine.

In developing the new strategy, the IFF team immersed itself in the
principles of the circular economy and drew inspiration from Cradle to
Cradle^® design thinking, which both prioritize designing
products and processes for resource effectiveness, recovery and
reutilization. A circular economy, in contrast to a linear
“take–make–dispose” economy, is one where there is no waste and
products are optimized for use to move safely through the biological and
technical cycles.

“We have made excellent progress with our current strategy over the past
five years, which created the foundation for the pioneering work we are
beginning to engage in today,” said Kip Cleverley, Director, Global
Sustainability for IFF. “Our evolved strategy inspires us to rethink the
possibilities of sustainability within the context of a circular
economy, and ultimately pave the way for transformational change – both
within our industry and the broader global community.”

With the release of its 2015 sustainability report “Creating
a Sustainable Future” today, IFF celebrates important milestones on
the path to the new sustainability vision and strategy. Notable 2015
accomplishments include:

Year-over-year company-wide reductions in water use, energy use and
greenhouse gas emission intensities
CDP Climate “A” List rating and a perfect score of 100 in disclosure
and an “A” in performance by the Carbon Disclosure Leadership Index
Formalized support of the United Nations Global Compact and the
American Business Act on Climate Pledge

More recently, IFF launched the first-ever Cradle to Cradle Certified™ fragrance,
PuraVita™, at the Sustainable Cosmetics Summit in New York, and will
soon celebrate a new on-site wind turbine at its Tilburg, Netherlands
facility – an industry first.

“Pioneering firsts such as our proof of concept fragrance PuraVita and
our new wind turbine are not only breakthroughs for our company,” said
Nicolas Mirzayantz, Group President, Fragrances, and Executive
Sustainability Sponsor “but powerful examples where we are intentionally
using a regenerative mindset to design products and processes to enable
and enhance well-being, for both people and our planet.”

IFF looks ahead to more pioneering firsts, proofs of concept and
innovative partnerships realized together with employees, customers,
suppliers and community partners.

For more information about IFF’s sustainability initiatives, visit http://www.iff.com/sustain.

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Meet IFF

International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
is a leading innovator of sensorial experiences that move the world. At
the heart of our company, we are fueled by a sense of discovery,
constantly asking “what if?” That passion for exploration drives us to
co-create unique products that consumers taste, smell, or feel in fine
fragrances and beauty, detergents and household goods, as well as
beloved foods and beverages. Our 6,700 team members globally take
advantage of leading consumer insights, research and development,
creative expertise, and customer intimacy to develop differentiated
offerings for consumer products. Learn more at www.iff.com,
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