A year in review Economic / Governance Environment Social Appendix Stakeholder engagement Disclosure 102 – 42 size of groups; impact on our sustainability approach; risks Identifying and selecting stakeholders and benefits. Based on the outcome, we decide whether to Working systematically with interested parties and evaluating pursue a current engagement or seek opportunities with new their perspectives on economic, social, environmental, ethical organisations. We then suggest actions to be taken within the and governance issues helps us strengthen dialogue. It allows engagement for the next three years. us to better address their concerns and manage the direct or indirect impact on Givaudan. This approach can be used as a Disclosure 102 – 43 strategic management tool, it helps build stronger and lasting Approach to stakeholder engagement relationships with key stakeholders, allows us to manage our Listening to our stakeholders is a core element of our business successfully and also lays out the basis for our sustainability management practice. Their feedback helps us materiality assessment. understand expectations and it contributes to the development of our overall sustainability approach. We gather the views of When we set out to develop a materiality matrix in 2011, we our stakeholders by inviting them to discuss critical issues and carried out a wide-ranging assessment of our stakeholders to strategic priorities. We create dialogue groups to understand determine who had the greatest impact on us and on whom how our business affects stakeholders and to determine the we had the most effect. We identified seven key stakeholder most material impacts to be managed. groups from a list of more than 200 organisations: customers, suppliers, owners and investors, public and regulatory agencies, The sustainability aspects listed in the Givaudan materiality local communities, employees and innovators and partners. matrix are presented to stakeholders to allow them to confirm which they see as the most important topics, and which they Givaudan has developed specific tools to support interaction would like to discuss or know more about. The process gives with the various stakeholder panels at both global and local stakeholders a genuine role in setting the direction of our levels. We also review and evaluate diverse stakeholder sustainability approach and prioritising the issues. engagement initiatives existing across the Company and continuously monitor their relevance in a two-stage process. Ultimately, through stakeholder dialogue, we seek to identify opportunities to improve management and our relationships, First, we map each direct engagement with an external as well as create projects for our mutual benefit. This allows organisation by considering its relevance to several areas us to focus our drive for greater sustainability in those areas including our stakeholder groups; the key issues in our that are most important to our key stakeholders. Givaudan materiality matrix; our initiatives in sourcing, innovation and has many channels for stakeholder dialogue spread across environment, and the Sustainable Development Goals on different departments and teams; this also includes the which we have an impact. Then we look at every current or information and feedback we receive during the ordinary potential external engagement and assess it against several course of business. criteria: local or global engagement; membership criteria and membership fees; participating customers and suppliers; participating competitors; participant profiles; type of sessions; 13 Givaudan — 2021 GRI Sustainability Report