A year in review Economic / Governance Environment Social Appendix Waste management & circular principles Material topic definitions Pursuing a culture of waste elimination by adequately Our efforts in all of these areas extend beyond Givaudan to managing all of Givaudan’s waste streams through, for include the supply chain, as detailed in the chapter on This chapter addresses our following two material topics: example, recycling and reuse or ensuring recovery or disposal Responsible Sourcing & Traceability. Waste management & circular principles in an environmentally sustainable way, helps us limit our impact on the environment; reducing waste also allows us to Boundary Pursuing a culture of waste elimination by adequately lower the costs of production. Making better choices about • Givaudan managing all Givaudan’s waste streams, from product what natural resources to use in the manufacturing and • Suppliers design and manufacturing processes to packaging and use. packaging of our products helps us protect the precious natural environment and not squander the resources it provides. Disclosure 103 – 2, 103 – 3, 306 – 1, 306 – 2 Purpose pillars MANAGEMENT APPROACH CREATIONS NATURE PEOPLE COMMUNITIES We have set a waste management target to reduce incinerated Protecting the environment means acting on waste and our and landfilled waste production per tonne of product by an goal is to continually reduce the waste generated by our Raw materials availability average of 4% year on year. We are currently working on a business activities including product and process development, new target. manufacturing, formulation, packaging, marketing and Ensuring a stable supply of raw materials used in distribution. Our decisions about what materials to use also Givaudan’s products by strengthening partnerships with Careful waste management and the application of circular have consequences in terms of waste and we strive to reuse or strategic suppliers and diversifying our portfolio through principles also help us meet stakeholder expectations. As an recycle materials where possible. new technologies (for example, upcycling, or innovation to example, plastic waste is a topic that has drawn considerable create alternative ingredients) and sources of supply. public attention in recent years. Applying the principles of a We work hard to limit the amount of waste we produce through circular economy here is no longer seen as a mere trend, but a three-pronged process based on the key concepts of ‘rethink,’ Purpose pillars rather as an essential activity and we are committed to 100% ‘reduce,’ and ‘recycle’. We are rethinking how processes are done CREATIONS NATURE PEOPLE COMMUNITIES plastic circularity by 2030. We also see plastic as a business currently and challenging our ways of working. We are reducing opportunity, an enabler to grow and show our leadership in the amount of waste we create as a by-product of our processes; sustainability. We are convinced by the value of renewable then we reuse where possible and recycle in an effort to move carbon, whether it comes from recycled, bio- or GHG-based away from disposal in landfill or incineration. Where waste is Disclosure 103 – 1 sources: the carbon that can be recuperated serves as the incinerated, we make sure energy is recovered. EXPLANATION OF THE MATERIAL TOPIC building blocks of new renewable materials. Givaudan is AND ITS BOUNDARY supporting this concept through its involvement with the One of the ways we are getting closer to our waste management Waste management and circular principles that support us in Renewable Carbon Initiative, which aims to speed up the targets is by putting more emphasis on notions ingrained in the minimising the extraction of natural resources and the transformation from fossil fuel carbon to renewable carbon. idea of the circular economy, a generic term for an industrial generation of waste, in fostering waste prevention and economy where waste should not exist anymore, and closed optimising environmental, material and economic values loop uses are favoured. We apply circular principles in sourcing, throughout the life cycles of our products are critical elements product design, manufacturing and packaging. to living our purpose and showing our love for nature in everything we do. Another important element of our approach is our new commitment to replacing all single-use plastics across sites 63 Givaudan — 2021 GRI Sustainability Report