IFF Drives Sustainability Leadership with New Milestones
January 20 2020 - 3:01AM
Business Wire
Regulatory News:
IFF (NYSE:IFF) (Euronext Paris:IFF) (TASE:IFF), a leading
innovator of taste, scent, nutrition & ingredients, has
realized several sustainability milestones which underscore the
Company’s commitment to its recently updated purpose statement: to
redefine how we live in and care for the resources of our
world.
Among the milestones: Earlier today, IFF was recognized on CDP’s
prestigious A List for Climate Change for the fifth consecutive
year. CDP, an international not-for-profit, assesses companies on
the comprehensiveness of their disclosure, their awareness and
management of environmental risks and their demonstration of best
practices associated with environmental leadership, such as setting
ambitious and meaningful targets.
The Company also recently opened the industry’s largest solar
array at its Union Beach, New Jersey property – but that’s not the
whole story. When IFF learned that the land was compromised, it
took steps to excavate and cap the site, which was then given new
life through soil remediation and the installation of over 440,000
square feet of solar panels. The array is expected to generate over
nine million kilowatt hours annually, powering IFF’s R&D
facility and returning any excess energy to the grid. In addition,
IFF installed a series of nesting platforms to support the
conservation of ospreys, a North American raptor species challenged
by environmental changes. Learn more about this story here.
IFF’s latest solar field builds on a series of steps the Company
has taken to cut its greenhouse gas (GHG) emissions, mitigate
climate risks and contribute to the low-carbon economy. These
actions are guided by IFF’s science-based target of reducing its
absolute GHG emissions by 30% below 2015 levels by 2025.
To support wider industry action, in September 2019, IFF, along
with other leading companies, signed the United Nations’ “Business
Ambition for 1.5°C – Our Only Future” pledge, a campaign to put
more aggressive science-based goals into action to help limit
global temperature rise to 1.5 degrees Celsius.
Andreas Fibig, IFF Chairman & CEO said, “The people of IFF
are committed to our new purpose – and I share this passion. From
being named to the CDP’s A List for climate change for the fifth
year in a row, to the expansion of our solar fields in New Jersey
that makes positive use of the land, to strengthening our
commitment to limit global temperature rise, I am truly proud of
the IFFers who take an uncommon sense approach to create what the
world needs.”
Welcome to IFF At IFF (NYSE:IFF) (Euronext Paris: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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200120005033/en/
Michael DeVeau Head of Investor Relations and Communications
& Divisional CFO, Scent 212.708.7164 Michael.DeVeau@iff.com