Symrise wants to increase its value and the sustainability of its business activities over the long term. That is why the management and supervisory committees at Symrise AG align their activities with various principles of responsible management. The aims of the German Corporate Governance Code, for instance, serve as the standard for good management in both the Executive and Supervisory Boards. The ten principles of the UN Global Compact, which we signed in 2012, provide additional guidance for our entrepreneurial actions. Thanks to our “advanced level” reporting, which we first implemented in 2014, we further strengthened our commitment to this area. Furthermore, we support the United Nation’s Sustainability Development Goals, which it published in 2015. In an initial step, we reviewed the compatibility of our sustainability strategy and objectives with the SDGs that apply to Symrise. Through this, we were able to identify further areas for improvement.
In 2013, Symrise became a member of the Sustainable Spices Initiative (SSI). The sustainable cultivation and purchasing of raw materials is a central focus for both Symrise and the SSI. Together with customers, suppliers and NGOs, we want to actively cooperate with the SSI, sharing our knowledge while also gaining new experience. With the acquisition of Diana and the corresponding expansion of our portfolio, animal welfare has received greater prominence on our agenda. That is why we founded the U.S. Roundtable for Sustainable Beef together with other companies in 2015. The goal is to continually improve the value chain for beef.
Since 2015, Symrise has also been a member of the Roundtable on Sustainable Palm Oil (RSPO) and has set itself ambitious goals in this area: By mid-2016, we want to exclusively use 100 % RSPO “Mass Balance” certified palm oil. Between now and the end of 2018, we will be working with our strategic suppliers on implementing fully sustainable sourcing for our primary palm oil derivatives and on switching to materials that are made from 100 % RSPO “Mass Balance” certified palm oil. We have the same goal in place for our sourcing of secondary palm oil derivatives by the end of 2020.