Acting on climate change We believe that positivity creates possibility and we are taking positive action against climate change. That’s why we’re working towards a bold ambition to become climate positive before 2050. This means removing more greenhouse gases from the atmosphere than we put in, by tackling emissions in our operations and in our supply chain. To be successful, we need to imagine a better future, what a climate positive 2050 could look like. And this must be done through different eyes, harnessing the energy and optimism of those who will live with the outcomes of the decisions we take now and creating the future we imagine. We can move towards this ‘better’ every day in many ways, from setting and pursuing stringent targets aligned to the latest climate science to reducing our packaging footprint, changing how we formulate our ingredients and how we move our products, rethinking how our employees travel, and engaging our supply chain on climate action. Driven by our purpose, we see many opportunities to do things differently, to push ourselves to go further and to positively impact the communities and ecosystems in which we live and operate. With our scale, reach and impact, we have a responsibility and an opportunity to drive change. We hold ourselves to the highest standards of being a responsible business and by doing so will continue on our path of sustainable value creation for all stakeholders. OUR AMBITION Before 2050, we will be a climate-positive business based on scope 1, 2 and 3 emissions according to the greenhouse gas (GHG) protocol. Focus area Ta r ge t s Status 2021 Actions and measures Emissions OPERATIONS: Our operations' carbon emissions (scope 1+2) will be cut by 70% before 2030 and will be climate positive before 2040 (baseline 2015) – 31 % • Setting internal carbon price • Fixing site environmental targets and assessments • Switching to renewable energy sources • Promoting energy efficiencies • Signing the UN pledge 'Business Ambition for 1.5°C' SUPPLY CHAIN: Our supply chain emissions (scope 3) will be cut by 20% before 2030 and will be climate positive before 2050 (baseline 2015) – 4 % • Sourcing ingredients responsibly • Developing low-carbon creations • Driving circularity and upcycling • Optimising packaging, logistics, transport of goods, business travel and employee commuting Electricity Power 100% of our sites with renewable electricity by 2025 84 % • Committing to RE100 since 2015 • Setting site renewable electricity targets • Generating electricity on site Givaudan – 2021 Integrated Annual Report Acting as a force for good Nat ure Ac ting on climate change 71 Acting as a force for good Givaudan – 2020 Integrated Annual Report