A year in review Economic / Governance Environment Social Appendix Economic performance high level, despite ongoing challenges in certain parts of the Disclosure 201 – 1 Disclosure 204 – 1 supply chain. The strong sales growth was achieved across all Direct economic value generated Proportion of spending on local suppliers product segments and geographies, with the mature markets and distributed Givaudan prefers to source from local suppliers (defined as growing at 6.3% and the high growth markets at 8.3% on a Our value added is defined as the economic value created by suppliers who are based in the same country as the Givaudan like-for-like basis. In Fragrance & Beauty the product the activities of our business and its employees. This value is facility). This is reflected in the fact that 82% of non-raw segments most affected in the first phases of the COVID-19 distributed to our operating costs including the supply chain, material, by value, was purchased locally in 2021. For raw pandemic, namely Fine Fragrances and to a lesser extent employees through wages and benefits, providers of capital materials, 27% by value was sourced locally in 2021. Several of Active Beauty, delivered excellent double-digit growth in and governments. Our 2025 strategy “Committed to Growth, the raw materials we buy cannot be sourced in countries 2021, demonstrating strong consumer demand for these with Purpose” contributes to our ability to increase this value. other than the ones where they grow naturally. This local product categories. In Taste & Wellbeing, there was excellent sourcing policy has a significant contribution to the direct sales growth in the beverage, savoury and snacks categories, Givaudan’s economic value retained of CHF 235 million is the economic value we create in the local economies. as well as in the strategic focus areas of plant-based proteins, revenue of CHF 6,727 generated less the economic value of health and wellness and naturals. In addition, there was a CHF 6,492 distributed to stakeholders through operating progressive recovery in the foodservice segment, as costs, employee wages and benefits, payments to providers restrictions in relation to out-of-home food and beverage of capitals and taxes. consumption started to be eased in certain markets. Direct economic value generated and distributed in millions of Swiss francs REVENUES6,727 ECONOMIC VALUE DISTRIBUTED ECONOMIC VALUE RETAINED 6,492 235 1,596 83 1 4,024 6 89 Operating Employee wages Payments to Current taxes costs and benefits providers of capital 29 Givaudan — 2021 GRI Sustainability Report