A year in review Economic / Governance Environment Social Appendix Climate change We are committed to becoming climate positive – removing all of our suppliers to support our efforts by working more greenhouse gases from the atmosphere than we put in collaboratively to provide data and information about their HYCOOL – before 2050 as part of our purpose. One element of this is carbon footprint when required, and to work to reduce their Solar heat for that Givaudan will cut GHG emissions from operations (scope 1 overall impact over time. and 2) by 70% between 2015 and 2030 and is working towards cool innovation operations becoming climate positive by 2040. The Science Our overall roadmap focuses first on reduction and then on Based Targets initiative (SBTi) has approved Givaudan’s scope 1 balancing remaining/unavoidable emissions with neutralisation/ Our site in Sant Celoni, Spain hosts a pilot and 2 GHG reduction target as being in line with 1.5° C. We also compensation measures. for HyCool, a groundbreaking technology aim to achieve our RE100 commitment to convert our entire for industrial cooling systems. Funded by electricity supply to fully renewable sources by 2025. The Our operations (scope 1 and 2) the European Union, the aim of the Company’s value chain emission target (scope 3), aiming for a In our operations, we are primarily focused on renewable energy innovative energy technology project is to reduction of 20% over the same period, also meets the SBTi’s sources and increasing energy efficiency to reach our goals. develop cost-effective solutions using solar criteria and is in line with current best practice. heat for industrial purposes. Installation Energy efficiency started in summer 2021 and, once In 2019, we signed the UN Pledge Business Ambition for 1.5°C, Here, our primary focus is on reducing consumption and we completed, and at full scale, is expected to which was proposed by the United Nations to aim for net- are leading significant energy consumption reduction projects reduce site GHG emissions by 3%, reduce zero value chain emissions by 2050. Helping to validate our across operations. Energy site assessments, for example, help electricity and gas consumption, and climate positive ambition, our engagement means we commit us identify opportunities to improve efficiency and identify deliver refrigeration with 25% greater to having net-zero targets in line with the new SBTi net-zero conservation measures. In 2021, we conducted four such efficiency. This will help us deliver on our standard, introduced in October 2021 and road tested by assessments. Other investments and efforts in terms of energy goals to reduce our Scope 1 and 2 GHG companies including Givaudan. In September 2020, we signed efficiency plans and targeted projects have also allowed us to emissions and lessen our overall carbon the CLG Europe CEO letter to the EU on 2030 GHG emissions make improvements. footprint through the use of high targets. The letter is designed, at a critical policy moment, to innovation technologies. If it proves cost send a clear signal to policymakers and other businesses that Ambitious GHG emission reduction is not possible without an effective, we will be able to use it in it is essential to ramp up climate ambition. We have also evolution of the technologies we use. We seek opportunities to countries with even more favourable signed the Business for Nature ‘Nature is everyone’s business’ partner with experts from diverse fields in finding new ways to weather conditions such as Mexico, South call-to-action. The call-to-action brings together more than improve our environmental performance. In particular, we look at Africa or Singapore. 500 companies with combined revenue of USD 4 trillion and energy-intensive steps in our processes, for example, cooling and urges governments to adopt policies now to reverse nature refrigeration needs, and seek opportunities to use alternative loss in this decade. technologies to achieve the same performance and jointly reduce our GHG emissions. We have found that solar energy, for instance, We constantly assess and mitigate the risks posed by climate offers an energy-efficient way to power industry’s needs for change and drive adaptation and remediation in our own cooling and refrigeration. The opportunity is in developing the operations and across our supply chain, from the raw material technology that will be able to efficiently and reliably respond to suppliers to indirect materials and service providers. We expect variable needs across a range of processes and sites. 52 Givaudan — 2021 GRI Sustainability Report