Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
Givaudan SA (Givaudan) manufactures and sells fragrances and flavors. The company offers a range of fragrances for fabric, personal care, hair and skin care, household care, and oral care products. Givaudan’s flavors are mainly used in beverages, savory, snacks, sweet goods, and dairy industries. In the fragrances segment, the company's customers include personal, home, and laundry care brands, and perfumes. It markets its solutions to various industries, including beverages, savory-sweet goods, snacks, dairy and cheese, and nutraceuticals, among others.
Total GHG emissions of Givaudan in 2021 were 2,485 thousand tonnes of CO2 equivalents, a decrease of 3.6% from 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by Givaudan. Scope 2 encompasses indirect emissions resulting from the generation of energy that Givaudan purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced by Givaudan's entire value chain.
In 2021, Scope 3 emissions form the major portion of Givaudan’s total GHG emissions, accounting for 2,310 thousand tonnes of CO2 equivalent (93% of total GHG emissions). In 2021, the company's Scope 1 emissions (143 thousand tonnes of CO2 equivalent) increased by 4%, whereas Scope 2 emissions (31 thousand tonnes of CO2 equivalent) decreased by 43% annually.
Givaudan has a target to use 100% renewable electricity in its sites by 2025. By 2030, the company aims to reduce Scope 1 & 2 emissions by 70% and Scope 3 emissions by 20%. Givaudan has a long-term goal to become climate positive by 2050.
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