Symrise gets Ecovadis gold sustainability status again

12 Jun 2017

For the third time in a row, the sustainability rating agency EcoVadis has awarded the fragrance and flavor manufacturer Symrise gold status for outstanding sustainability management.

Symrise gets Ecovadis gold sustainability status again

For the third time in a row, the sustainability rating agency EcoVadis has awarded the fragrance and flavor manufacturer Symrise gold status for outstanding sustainability management. In terms of ecological, social and ethical sustainability, the Holzminden-based company was once more among the top three percent of all manufacturers evaluated by EcoVadis in its category.

In the overall rating of its corporate social responsibility of 72 out of 100 possible points, Symrise says it achieved a rating far above the sector average and exceeded its own top score from the previous year by four points. In the environment section, the group was again among the top two percent of its category with 80 points. Symrise improved its production practices to 70 points, therefore ranking among the best four percent in its category.

“We are delighted that we have been able to further improve our production of fragrances and flavors,” says Hans Holger Gliewe, Chief Sustainability Officer of Symrise. “Every employee who has contributed to this progress can be particularly proud of this result.”

EcoVadis analyzes and rates the sustainability performance of companies according to 21 criteria in the areas of the environment, social aspects, ethics and sustainability in the supply chain. The aim is to make it easier to integrate sustainability criteria into business relationships. That would allow companies to determine quickly whether their suppliers fulfill relevant sustainability standards. Key companies in the consumer goods industry in particular use the EcoVadis online portal to evaluate suppliers in this regard.

“With the CSR rating from EcoVadis, Symrise is able to transparently present its sustainability services to both existing and new customers while establishing itself as a preferred partner”, said Gliewe.

EcoVadis analysts first compare the achievements of the company in the four areas environment, social aspects, ethics as well as sustainability in the supply chain. The results are shown for each area using an index value between 0 and 100 points. These sub-results are then weighted based on the industry and the size of the company to determine the overall CSR rating. The companies in the industry that were evaluated received an average of 43 of 100 possible points as in the previous year.