In our purpose launch in 2019 we committed to replacing all single-use plastics across sites and operations with eco-friendly alternatives before 2030. Concretely this means for Givaudan moving towards 100% plastic circularity. Recent developments have seen a change in the public’s view of ‘plastic use’ and, in particular, ‘plastic waste’, and we as a business are also changing our approach. Now, a circular economy applied to plastics is no longer seen as a trend but an essential part of business activity if we wish to change the future. We are determined to manage our use of plastic in a responsible, sustainable way. Plastic in itself is useful and necessary and we will be using it in our operations for the foreseeable future, but we need to ensure that it is renewable. A circular economy applied to plastics is our Rethinking plastics – towards 100 % circularity long-term vision for sustainable plastics, and the key principles for us here are ‘rethink’, ‘reduce’, ‘recycle’. In fact, we see plastic as a business opportunity, an enabler to grow and show our leadership in sustainability. Partnerships with customers offer business advantages in this area, while external partnerships can play a role in speeding up transformation and benefit from collective intelligence. We will use plastic circularity to engage employees and also as a common platform for speaking with customers. In 2021, we joined the advisory board of the Renewable Carbon Initiative (RCI), started by the nova-Institute, which aims to support and speed up the transition from fossil carbon to renewable carbon for all organic chemicals and materials. Through the RCI, we hope to see the creation of cross-industry platforms that will demonstrate the feasibility of renewable carbon in tangible activities; it will enable advocacy for legislation, taxation and regulation changes to give renewable carbon an adequate commercial playing field; and support the creation of a wider pull for sustainable options by raising awareness and understanding of renewable carbon levels among the business community and wider public. READ MORE www.renewable-carbon-initiative.com OUR AMBITION Before 2030, we will replace single-use plastics with eco-friendly alternatives across our sites and operations. Focus area Ta r ge t Status 2021 Actions and measures Plastics 100% plastics circularity before 2030 In progress • Members of the advisory board of the Renewable Carbon Initiative (RCI) • Co-leading a WBCSD plastic and packaging workgroup defining a transition for B2B chemical products • Reducing our plastic usage and consumption We will apply the key principles of circular economy to plastics. It is our long-term strategy for sustainable plastics. Givaudan – 2021 Integrated Annual Report 84 Acting as a force for good Nat ure Re thinking plastics – towards 100% circularity