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European Climate Pact

Overview

Location

Germany

Sector

Chemicals

Organisation type
Business

Company Information

Symrise operates in the chemical industry and is globally recognized as a leading provider of fragrances, flavors, active ingredients and aroma chemicals as well as sensorial and nutritional solutions for the perfume, cosmetic, pharmaceutical, food, beverage, pet food, and baby food industries. It is publicly listed and headquartered in Holzminden, ‎Germany. In 2021 the company reported a total of over 11,000 employees across 40 countries and a revenue of 3,8 million euros.*

*Source (07.06.2022)

Our progress towards decarbonization

 

GHG Emissions

North Star

Join the Business Ambition for 1.5°C and publicly commit to have a net-zero by 2050 target and emissions reduction strategy in line with the SBTi Criteria and Recommendations

MRV Status: Pact MRV in place*

*Pledging organisation is checked to have made a public commitment to set a net zero science-based target aligned with the SBTi’s target-setting criteria within 24 months.

Status date: Submitted (27/07/2021)

Data source: Science Based Targets initiative

How we want to achieve this – the Pathway

Have an absolute/intensity emissions reduction target (scope 1+2) with a 5-15 years’ time frame and a 2.1% year-on-year reduction at a minimum

Symrise AG has a target to reduce intensity of Scope 1+2 (market-based) CO2e emissions 50% per Euro value-added by 2030 from a base year of 2016. This is a year-on-year reduction rate of 3.6% per Euro value-added over the next 9 years.

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide the minimum required data, the targets must be reported to include both Scopes 1 and 2 emissions, have a linear annual reduction rate of at least 2.1% per year. The target year must be greater than 5 years, but less than 15 years from the year the target was set.

Publicly disclose climate and environmental data to investors and customers through a public platform

MRV Status: Pact MRV in place*

*Pledging organisation is confirmed to have disclosed publicly on their climate and environmental impact. For example by responding publicly to the CDP Climate Change Questionnaire.

Implement climate scenario analysis as part of your business strategy setting

MRV Status: Pact MRV in place*

*Pledging organisation has reported they use climate-related scenario analysis to inform its strategy. Pledger must provide at a minimum: details on the climate-related scenarios and models applied (e.g. 2DS, IEA 450, Greenpeace, DDPP, IRENA etc.) as well as additional information such as how the selected scenario(s) were identified, with reference to the inputs, assumptions and analytical methods used.

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

 

Energy

North Star

Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria

Symrise AG has a company-wide target to consume 100% of electricity from renewable sources by 2025 from a baseline of 18.3% renewable electricity consumption in 2018.

MRV Status: Pact MRV in place*

*Reported electricity consumption target data is checked for completeness. The level of ambition of the target is checked by assessing that the target year is no later than 2050 and the coverage of the target includes the whole company operations. Finally, organisations are checked to be publicly commited to the RE100 campaign.

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

Our actions – the Pathway

Have a target to increase renewable energy consumption

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide at a minimum: a base year, target year, figure or percentage in the base year, and figure or percentage in the target year. Check that duration of target is not beyond 2035.

Status date: Submitted (27/07/2021)

Data source: CDP Climate Change 2021

 

Forests

Our actions – the Pathway

Publicly disclose data on forest-related impact to investors through a public platform

MRV Status: Pact MRV in place*

*Pledging organisation is confirmed to have disclosed publicly on their forest-related impact. For example by responding publicly to the CDP Forest Questionnaire.

Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making

MRV Status: Pact MRV in place*

*Pledging organisation has reported they have a documented forest policy that is publicly available. It may be a stand-alone forest policy document or another equivalent document that includes the forest policy such as a "sustainability policy". They have described the scope or coverage of the forest policy, as well as the aspects that are covered by their policy.

Set a quantifiable target for increasing the sustainable production and/or consumption of disclosed commodities

MRV Status: Pact MRV in place*

*Check the reporting of a target to increase the sustainable production and/or consumption of a forest risk commodity. Pledger must provide at a minimum a valid start year and target year, a target number or percentage. The target year must be beyond the current year.

Status date: Submitted (28/07/2021)

Data source: CDP Forests 2021

 

Water

Our actions – the Pathway

Have a target to increase water use efficiency

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide at a minimum: the quantitative metric of the target (e.g. % increase in water withdrawal efficiency, % increase in water use met through recycling/reuse), baseline year, start year and target year. The target year must be beyond the current year.

Have a target to reduce water pollution

MRV Status: Pact MRV in place*

*Reported data is checked for completeness. Pledger must provide at a minimum: the quantitative metric of the target (e.g. % proportion of wastewater that is safely treated, % reduction in concentration of pollutants or % increase/absolute increase in investment related to this category), baseline year, start year and target year. The target year must be beyond the current year.

Publicly disclose data on water-related impact to investors through a public platform

MRV Status: Pact MRV in place*

*Pledging organisation is confirmed to have disclosed publicly on their water management and water-related impact. For example by responding publicly to the CDP Water Security Questionnaire.

Commitment to align with public policy initiatives, such as the SDGs, related to water security

MRV: Publicly announced

Commitment to improve water security beyond regulatory compliance

MRV: Publicly announced

Commitment to water-related innovation

MRV: Publicly announced

Commitment to water stewardship and/or collective action

MRV: Publicly announced

Commitment to increase stakeholders awareness and education around water security issues

MRV: Publicly announced

Status date: Submitted (27/07/2021)

Data source: CDP Water 2021