IFF Highlights Progress Against ESG+ Strategy in New Do More Good Report
22 Mayo 2023 - 5:55AM
Business Wire
Company showcases year-over-year performance, will host fourth
annual ESG Webcast May 23
IFF (NYSE:IFF) today released its 2022 Do More Good Report,
which highlights performance and progress against goals set forth
in the Do More Good Plan, the Company’s environmental, social,
governance, plus sustainable solutions (or ESG+) strategy and
roadmap that activates its purpose of applying science and
creativity for a better world.
The Do More Good Report: IFF’s 2022 ESG+ Progress, describes the
first full year of performance and progress as One IFF following
the 2021 merger with DuPont’s Nutrition & Biosciences division.
IFF will hold a live webcast to discuss the Company’s Do More Good
Plan and goals, 2022 ESG+ results, and 2023 sustainability outlook
on May 23, 2023, at 9:00 a.m. ET.
“When we launched our Do What Matters Most strategy in 2022, we
committed to embedding ESG+ in all we do,” said Frank Clyburn, IFF
CEO. “Our 2022 Do More Good Report illustrates the steps we’re
taking to deliver on our commitments to address sustainable
development imperatives. Our world-class R&D program and
commitment to innovation fuels a pipeline of exciting sustainable
solutions that are helping our customers reach their ESG goals and,
in turn, responding to heightened consumer expectations on
sustainability.”
The 2022 Do More Good Report is organized according to the four
pillars of the Do More Good Plan, which reflect the areas where the
Company can have the greatest positive impact in addressing the
world’s most pressing sustainable development challenges:
Sustainable Solutions; Climate & Planetary Health; Equity &
Wellbeing; and Transparency & Accountability.
2022 performance highlights and achievements by IFF include:
- Recognized externally for ESG leadership, including being named
to the Dow Jones Sustainability Indices for the third consecutive
time, and maintaining the 2022 EcoVadis platinum sustainability
rating, placing IFF among the top 1% of companies assessed;
- Enabled customers and consumers to save more CO2e than
generated at IFF’s own manufacturing sites by accelerating the
wider adoption of sustainable solutions in the marketplace, as
documented by life cycle assessments;
- Named to the CDP Climate A list for the eighth consecutive year
and completed its first virtual power purchase agreement, expected
to cover approximately 30% of the total electricity needs of its
European sites when it becomes operational at full capacity in
2024;
- Recertified as EDGE Move level globally for its commitment to
gender parity, and included in the Bloomberg Gender-Equality Index
for the second time;
- Introduced a Global Parental Leave Policy that grants a minimum
of 16 weeks of 100% paid leave for a new IFF parent, regardless of
gender identity or expression;
- Linked ESG performance metrics for reduction of greenhouse
emissions and increases in company-wide gender representation to
the Annual Incentive Plan Award for executive leaders, impacting
2022 variable compensation by 5%;
- Completed updates to its Code of Conduct training and
certification campaign, achieving a 99.8% acknowledgment rate among
employees.
To learn more, visit iff.com/responsibilities and use
#DoMoreGoodxIFF to follow the conversation on its social
channels.
Webcast
IFF will hold a live webcast to discuss the Company’s Do More
Good Plan, 2022 key performance metrics, progress against 2030
goals and 2023 outlook on May 23, 2023 at 9:00 a.m. ET., where Mr.
Clyburn will be joined by Michael DeVeau, Senior Vice President,
Corporate Finance and Investor Relations; Dr. Greg Yep, Chief
Research & Development, Global Integrated Solutions and
Sustainability Officer; Ralf Finzel, Chief Operations Officer;
Deborah Borg, Chief Human Resources, Diversity, Equity &
Inclusion and Communications Officer; and Jennifer Johnson, General
Counsel and Corporate Secretary. The webcast and accompanying slide
presentation may be accessed on the Company’s Investor Relations
website at ir.iff.com.
IFF invites investors, analysts and all IFF stakeholders to
participate by phone by calling 1-404-975-4839 from the United
States and toll-free from other locations by calling
+1-833-470-1428. The access code for the conference call is 758853,
and a listen-only webcast will be available at ir.iff.com. For
those unable to listen to the live webcast, IFF will post a
recorded version on the Company’s website approximately one hour
after the event.
Welcome to IFF
At IFF (NYSE: IFF), an industry leader in food, beverage, scent,
health and biosciences, science and creativity meet to create
essential solutions for a better world – from global icons to
unexpected innovations and experiences. With the beauty of art and
the precision of science, we are an international collective of
thinkers who partners with customers to bring scents, tastes,
experiences, ingredients and solutions for products the world
craves. Together, we will do more good for people and planet. Learn
more at iff.com, Twitter, Facebook, Instagram, and LinkedIn.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230519005421/en/
Media Relations: Paula Heinkel 332.877.5339
Media.request@iff.com
Investor Relations: Michael Bender 212.708.7263
Investor.relations@iff.com
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