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IFF Honored for Advancing P&G Sustainability Progress in Perfume & Delivery Technology

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P&G Recognizes IFF for Supplier Sustainability with Inaugural Award

NEW YORK, Nov. 30, 2022 /PRNewswire/ -- IFF (NYSE:IFF) has been selected to receive P&G's inaugural Supplier Sustainability Award, which honors business partners who champion environmental sustainability and commit to protecting the planet. IFF Scent is being recognized within P&G's Perfume & Delivery Technology segment for outstanding contributions toward advancing the Company's sustainability goals, assessed against the impact on P&G's footprint, industry-wide impact and potential to help consumers reduce their own environmental impact.

"At IFF, we understand the sustainable development challenges we all face cannot be tackled alone," said Christophe de Villeplée, president, Scent Division, IFF. "We're so honored to receive this award from P&G, which exemplifies our deep commitment to partner with our customers to support the transformation needed to make a positive impact, and how we're applying science and creativity for a better world. This honor is another representation of how Scent supports a science-driven transformation of our industry with environmentally conscious solutions and societal wellbeing as key imperatives."

In particular, the award pays tribute to IFF's Do More Good Plan, the environmental, social, governance plus sustainable solutions roadmap for the Company. As part of that plan, IFF delivers solutions to its customers by providing them with the technology and innovation to support them in reaching their own ESG goals.

"These companies have been among the very best in delivering sustained and exceptional contributions, and we celebrate them for being integral members of our supply ecosystem," said Ana Elena Marziano, P&G's chief purchasing officer about the business partners selected to receive the inaugural Supplier Sustainability Award. "The partnership and collaboration with our supply ecosystem is essential to win – we innovate, solve problems and optimize our supply chains, together. These business partners enabled us to serve our consumers, customers, employees, society and shareholders better than anyone else, and we thank them for that."

In support of IFF's Do More Good plan, the Scent Division's sustainable innovation platform—Awaken Bio-evolution—seeks to benefit health and wellbeing while fostering positive impact. By 2030, Scent aims to drive product superiority through a fully biodegradable ingredients catalogue, allowing for 100 percent circular formulation design.

For more information about IFF's sustainability leadership, visit www.iff.com/responsibilities.

Cautionary Statement under the Private Securities Litigation Reform Act of 1995

This press release contains "forward-looking statement" within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "aim," "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our sustainability initiatives and the expected timetable such initiatives. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances.

Welcome to IFF

At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.comTwitter , FacebookInstagram, and LinkedIn.

© 2022 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved.

Contact:
Michael DeVeau
Chief Investor Relations & Communications Officer
212.708.7164
media.request@iff.com

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