Take urgent action to combat climate change and its impacts
As a manufacturing company, Symrise is responsible for minimizing any negative effects on the climate. We consume energy and produce CO2 emissions through our business activities. At the same time, the progressing climate change also contains risks for us: Changes in climate conditions and the resulting fluctuations in the availability of natural resources can have a direct influence on our supply chain and constitute a procurement risk.
The impact of our activities on the environment range from the extraction and processing of raw materials to product development, production and logistics. For this reason, we evaluate the entire value chain. Our goal is to scale back resource consumption, actively avoid and minimize the harmful effects on the environment, and eliminate risks. Our production sites with the highest potential environmental impacts are either located in countries with strict environmental policies and/or also operate according to an environmental management system that is ISO 14001 certified. Additionally, the SMETA 4-Pillar requirements are used as a minimum standard and regularly verified by external auditors. Furthermore, all German sites have an ISO 50001 certified energy management system.
Again in 2016, we focused on decoupling our dynamic growth in the corresponding business units from their possible environmental impacts. We further optimized our energy balance in key areas via additional measures and placed a stronger focus on reducing emissions and effluents as part of Total Productive Maintenance. By starting operations at our cogeneration plant at the Holzminden site (€ 30 million investment costs), we made significant contributions in 2016 to improving our energy mix and reducing our CO2 emissions (40 % reduction at Holzminden site).
We demonstrate our progress regarding resource conservation and emission reduction in a number of ways, one of them being our annual participation in the independent investor initiative CDP. Symrise AG successfully retained its position in the Climate A List of the 2016 CDP climate change reporting for the German-speaking region (Germany, Austria and Switzerland – known as the DACH region). This makes the company a leader in the energy and raw materials sector as well as in the German MDAX stock index.
Symrise also set clear goals for 2020 to ensure its continued sustainable supply of high-quality natural raw materials. We want to have evaluated all our primary suppliers of natural raw materials on ethical and ecological criteria by 2020. We have also decided to reduce CO2 emissions significantly along our supply chain (Scope 3) as of 2017 by integrating our primary suppliers into our climate goals and by maintaining our own reduction measures as part of the CDP Supply Chain Program.