IFF Achieves EcoVadis Platinum Rating for Corporate Social Responsibility Leadership

Rhea-AI Summary

IFF (NYSE:IFF) has achieved the prestigious EcoVadis platinum sustainability rating for 2020, placing it among the top 1% of companies evaluated. With an overall score of 73%, IFF excelled particularly in Environment and Sustainable Procurement. The company has maintained a top performance status since 2014. Additionally, IFF was recognized in the Dow Jones Sustainability Indices and named one of America’s Most Responsible Companies for 2021. Furthermore, IFF secured a place on CDP’s ‘A List’ for water security for the third consecutive year, highlighting its commitment to corporate environmental transparency.

Positive

• Achieved EcoVadis platinum sustainability rating for 2020, placing in top 1% of evaluated companies.
• Scored 73% overall, with strengths noted in Environment and Sustainable Procurement.
• Consistently recognized in EcoVadis’ top category since 2014.
• Included in Dow Jones Sustainability Indices for the first time.
• Ranked as one of America’s Most Responsible Companies 2021, improving position from last year.
• Listed on CDP’s ‘A List’ for water security for the third consecutive year.

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• None.

IFF (NYSE:IFF) (TASE: IFF), a leading innovator of taste, scent, nutrition & ingredients, announced today that it has been awarded the 2020 EcoVadis platinum sustainability rating, a new and more highly selective designation introduced by the internationally recognized platform earlier this year.

As the leading solution for monitoring sustainability in global supply chains, EcoVadis rates and benchmarks the quality of a company's sustainability performance and management systems through an assessment in four areas: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. With an overall score of 73% for 2020 and noted strengths in Environment and Sustainable Procurement, the award puts IFF among the top 1% of companies assessed.

“IFF has been recognized in EcoVadis’ top performing category every year since 2014. As they now set the bar higher through more stringent criteria and the introduction of the Platinum category, IFF is thrilled to match the pace by continuing to strengthen our sustainability leadership position. While 2020 was a challenging year in many ways, sustainability remained a top priority for us and is an essential driver of our resiliency and success moving forward,” said IFF Chairman & CEO, Andreas Fibig.

The rating follows other recent accolades IFF has received for its sustainability performance. In addition to being named for the first time to the Dow Jones Sustainability Indices, IFF was named to “America’s Most Responsible Companies 2021” list by Newsweek for the second consecutive year. IFF ranked first out of 43 companies in the Materials industry and 18 out of 400 companies overall, up 17 spots from the inaugural listing of 300 companies last year. Results were derived from publicly available key performance indicators, as well as an independent survey of U.S. citizens.

IFF has also been recognized by global environmental non-profit CDP, securing a place for the third consecutive year on its prestigious ‘A List’ for tackling water security. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency, and IFF is one of a small number of high-performing companies out of 5,800+ that were scored. Through significant demonstrable action to protect water resources, IFF is leading on corporate environmental ambition, action and transparency worldwide.

For more on IFF’s commitment to sustainability, visit www.iff.com/sustain.

Welcome to IFF

At IFF (NYSE:IFF) (TASE: IFF), we’re using Uncommon Sense to create what the world needs. As a collective of unconventional thinkers and creators, we put science and artistry to work to create unique and unexpected scents, tastes, experiences and ingredients for the products our world craves. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.

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FAQ

What is IFF's EcoVadis rating for 2020?

IFF achieved the EcoVadis platinum sustainability rating for 2020.

How did IFF perform in the EcoVadis assessment?

IFF scored 73% overall, with noted strengths in Environment and Sustainable Procurement.

When did IFF start being recognized by EcoVadis?

IFF has been recognized in EcoVadis’ top performing category every year since 2014.

What other sustainability recognitions has IFF received?

IFF was named to the Dow Jones Sustainability Indices and America’s Most Responsible Companies 2021 list.

How many times has IFF been on CDP's 'A List'?

IFF has secured a place on CDP’s prestigious 'A List' for water security for three consecutive years.