Water is one of the critical factors of ESG (Environment, Social, and Governance). Fresh and clean water is increasingly endangered despite being considered a plentiful renewable resource mainly due to population growth and economic activity leading to an increase in water demands and pollution.
According to United Nations, if current consumption and production patterns do not change, there will be a 40% shortfall in water supply by 2030. Companies are expected to face increased scrutiny such as limits on water withdrawal and tight regulations over their water use as global water resources face increased stress.
Groundwater is withdrawn by industries such as manufacturing, mining, oil and gas, energy and utilities, and construction. Apparel and food & beverage industries are highly dependent on groundwater through supply chains. According to Aquastat, 19% of global freshwater withdrawals come from industry and energy.
In terms of water withdrawal, the beverage and bottled mineral water sectors need to be careful because groundwater is a raw material for them. Globally, food and beverage companies face disputes with local communities over the amount of groundwater that can be withdrawn without depleting local resources.
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.
In 2021, Givaudan withdrew 10.24 million cubic meters of water, an increase of around 2.58% over 2020. The company discharged 9.23 million cubic meters of water in 2021 which increased by 6.88% over 2020. The total water consumption by Givaudan was 1.01 million cubic meters in 2021, a decrease of 25.06% over 2020.
The company withdrew 50% of the water from the surface, followed by third – party source (34%), and groundwater (14%).
Givaudan aims to improve water efficiency by 25% on sites facing water stress by 2030 (compared to the 2020 baseline) and continuously improve water efficiency on all other sites. The company has also set a 2030 target to have 100% of its wastewater discharge meet or exceed regulatory and industry standards.
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