‘Creating’ is the very first word in our purpose statement. ‘Creating’ defines who we are and what we do, and ‘for happier, healthier lives’ perfectly sums up what our products deliver. Together with our customers, we create products that delight consumers and contribute to their overall wellbeing. Our ambition is that through our creations more people will enjoy happier, healthier lives. And that through these creations, we will double our business by 2030. TASTE & WELLBEING How we help our customers meet the needs of consumers Strengthening our best-in-class product offering to create Food Experiences that consumers love Consumers have varying needs when it comes to food, depending on where they live, their income, their culture and many other factors. Givaudan’s expanded portfolio and market-leading position mean we provide solutions across all consumer needs. Our offering is right at the heart of what consumers want and enables consumer choice. It integrates Givaudan’s purpose commitments at every level. Through our leadership position in taste and our expanded portfolio in the sense, nutrition and health areas, we collaborate with customers and partners to develop game-changing innovations in food and beverages. Creating value for our customers Contribution to food systems transformation We recognise the urgent need to transform the food system to be regenerative and equitable, and provide safe, healthy and nutritious food for all. Our expanded portfolio, along with our deep knowledge of the food ecosystem, enables us to drive positive change and contributes to this transformation. The first-ever Food Systems Summit was convened in September 2021 by the UN. Our Company participated in a number of the CEO consultations in the lead-up to the summit and we were proud to be a signatory to the ‘Business Declaration for Food Systems Transformation’, highlighting our ambition to scale investments, enhance collaborations and ensure that we are part of the solution during this decade of action. We also became a signatory to the European Union Code of Conduct on Responsible Food Business and Marketing Practices. OUR AMBITION By 2030, we will double our business through creations that contribute to happier, healthier lives. We recognise the urgent need to transform the food system to be regenerative and equitable, and provide safe, healthy and nutritious food for all. Focus area Ta r ge t Status 2021 Actions and measures Creations Sales Average organic sales growth of 4–5% on a like for like basis between 2021–2025 7﹒1 % • Focusing on our strategic growth drivers • Focusing on renewable, biodegradable and viable natural solutions • Addressing health and wellbeing issues • Expanding our portfolio • Greater collaboration and co-creation • Exploiting AI and digital opportunities • Increasing operational efficiencies Free cash flow Average free cash flow of at least 12% between 2021–2025 12﹒6 % Givaudan – 2021 Integrated Annual Report 54 Acting as a force for good Cr eations Cr eating value for our customers