A year in review Economic / Governance Environment Social Appendix Climate change Renewable carbon is all carbon sources that avoid or innovative processes, we also look at how we can reuse and Scope 3 model substitute the use of any additional fossil carbon from the recover process & waste side streams (upcycling). geosphere. Plants do this naturally and some technologies are evolution now able to do so as well. By increasing the use of renewable One excellent example is that of previously discarded solvents carbon, we drastically reduce the extraction of carbon from and oils that are now being reused in future production The modelling of scope 3 GHG emissions is the ground and limit the increase of CO₂ concentration in the stages. The project had an impressive impact, upcycling an iterative process based on science that atmosphere. This is well aligned with our journey towards 200,000 kg of solvent/oil in a 12 -month period, saving costs is still evolving. We started our efforts here nature-conscious creations. on raw materials and waste disposal fees and saving in 2017 with our first full scope 3 inventory 108 metric tonnes of carbon dioxide. based on financial activity data (input/ We employ green chemistry principles for efficient carbon output model) using the so-called ESHER use, meaning that all carbon atoms in the bio-based starting In designing innovative processes, we also look at how we can model. The model has since gone through material end up in the final product, resulting in zero carbon reuse and recover process side streams. By following green several evolutionary steps. We have begun waste and thus limiting carbon emissions. chemistry principles, we ensure ingredients are safe by design modelling our raw material with a and that our processes make efficient use of energy and process-based approach that applies the Biotechnology also holds enormous potential for carving out a materials while reducing water consumption and waste. As best available proxy data from verified more sustainable future for perfumery and for our planet. At an example, our latest sustainable ingredient is KoffeeUp™, a generic databases. We add granularity and Givaudan, it has already led to some extraordinary innovations. beauty oil crafted from upcycled Arabica coffee. KoffeeUp™ accuracy through the inclusion of For example, we can now use green chemistry including a has been called the “new argan oil” in the beauty industry additional packaging categories and new biotransformation step to produce the biodegradable ingredient because of its natural, eco-conscious and effective properties, classes of business travel. These Ambrofix®, an iconic molecule in perfumery, from sustainably which bring facial skin care benefits such as hydration, modifications imply potentially important sourced sugar. This results in 100% renewable carbon, in line with protection and anti-aging to customers. The product was increases or decreases in the data and our FiveCarbon Path™, the new Givaudan sustainability ambition developed in collaboration with Danish company Kaffe Bueno, modelling of our scope 3 emissions. This is for molecules, and uses 100 times less land compared to the a biotech start-up at MassChallenge Switzerland. This a necessary part of the journey and we will traditional production method starting from the clary sage plant. groundbreaking ‘upcycling’ approach helps us to reduce recalculate our baseline accordingly, as waste and minimise our environmental impact. required by GHG protocol to ensure Driving circularity and upcycling progress is diligently reported. We actively Upcycled materials are in essence low-carbon materials Optimising packaging, logistics and advocate for more transparency and because they are considered to be valorised waste streams. transport of goods alignment in this area by participating in With an allocation system based on value, the waste streams Packaging is a focus for many companies, including Givaudan, several relevant initiatives. are almost carbon-neutral materials and valorising them into and we work to reduce the impact of packaging on our CO₂e new products is beneficial: it both reduces the carbon footprint through several approaches. We plan to bring more footprint of our products and increases circularity in our circularity in our packaging, to use more renewable solutions, supply chain and reduces waste. This well-known practice to work on making packaging lighter and optimising it for has been applied for years in the industry because the same transport solutions, and to investigate reusable and recyclable principle applies to reducing costs and lowering stress on solutions, all while keeping safety and regulatory considerations scarce resources or unstable supply chains. In designing a top priority. 57 Givaudan — 2021 GRI Sustainability Report