Givaudan : 2023 ESG and Givaudan

2010 -2015

2010

Support for UN Global Compact pronounced

2015

Givaudan commits to RE100 and to set a Science Based Target

2016 -2019

2016

• Beginning of Givaudan's integrated reporting journey

2017

• New approach to sustainability "A Sense of Tomorrow" introduced
• Setting our GHG emissions target in line with Science Based Targets Initiative
• Givaudan commits to contribute to the UN Sustainable Development Goals

2019

• New approach to shaping a sustainable future through the newly defined purpose 'Creating for happier, healthier lives with love for nature. Let's imagine together.'
• Givaudan aligns target to 1.5°C and signs the UN's Business Ambition for 1.5°C, reinforcing our commitment to become climate-positive before 2050

2020 -2023

2020

• Givaudan announces its 2025 strategy "Committed to growth, with Purpose"

2021

• Givaudan introduces the new Sourcing4Good programme
• Givaudan publishes its Human Rights policy
• Givaudan joins Together for Sustainability (TfS)
• Givaudan engaged as advisory Board members in the Renewable Carbon Initiative
• Givaudan includes TCFD recommendations
• Givaudan includes SASB standards mapping

2022

• ESG fully integrated in Givaudan's business strategy
• Acceleration of our sustainability digital journey

2023

• We conducted our first double materiality assessment
• Givaudan joins the LEAD Network
• Submission of the first CDP Forest questionnaire
• Celebrating the 10 years of the Givaudan Foundation

  Collaborating with suppliers, customers, and partners, we drive progress towards bold sustainability ambitions together.

Willem Mutsaerts, Head of Global Procurement and Sustainability

  Hand in hand, we can navigate the complex ESG environment, drive growth and accelerate positive change for society.

Simon Halle-Smith, Head of Global Human Resources and EHS

In 2023, ESG matters were a major theme the world over and a catalyst for change in Switzerland. More stringent regulations bring new challenges, yet allow us to show our solid position in terms of reporting and environmental and social KPIs.

We developed for the first time a double materiality assessment, allowing us to re-evaluate our ESG impacts and risks comprehensively. These efforts confirmed the direction we have taken, notably in terms of the material topic Climate Change, and underscored the relevance of areas where we have been placing more emphasis, including Biodiversity, Diversity, Equity & Inclusion.

Efforts to increase energy efficiency and use of renewable energy sources are propelling us towards climate positivity while a thorough review of our water footprint has identified scope for optimising efficiency, an integral element of our environmental protection efforts.

With our people, we are striving to become even more balanced and inclusive, improving how we care for all. In our ongoing efforts towards equality, we target equal pay and active management of unconscious bias. Removing workplace barriers and

pursuing dedicated initiatives allows us to foster a more inclusive environment.

To ensure the safety and wellbeing of our workforce, we are expanding our behavioural safety programme to create a culture of safety and reduce workplace incidents. Providing access to mental and physical health initiatives, tools, and training allows us to support the wellbeing of our workforce.

ESG efforts extend not only to our employees, but also to the communities where we source and operate. Respecting human rights and appropriate labour conditions is essential to being a responsible corporate citizen. In 2023, we ensured that our due diligence and transparency related to minerals and metals from conflict zones and child labour meet the newest regulations, including Switzerland′s Code of Obligations.

By focusing on these goals, we can improve the lives of millions and promote a company culture that values the wellbeing of its employees and the communities it serves, all while caring for the environment.

Finally, we would like to express our thanks to our colleagues, customers, partners and suppliers for their continued commitment

Committed to Growth, with Purpose

As a purpose-led Company, we can go even further to make our world a happier and healthier place. Our purpose leads the way to increasing our positive impact on society and the planet in order to ensure our sustainable long-term performance. It is our intention to deliver growth through the creation of inspiring products for happier, healthier lives while achieving our ambitious financial targets and longer-term purpose ambitions.

  It is through our purpose and strategy that we address Environment, Social and Governance issues.

Gilles Andrier, CEO

CREATIONS E S G We create inspiring solutions for happier, healthier lives

PEOPLE S G

We nurture a place where we all love to be and grow

2025 Strategy

Excellence, innovation, simplicity

in everything we do

NATURE  E G

We show our love for nature through impactful actions

COMMUNITIES  E S G

We bring benefits to all communities that work with us

Givaudan's double materiality assessment overview

In 2023, we conducted our first-ever double materiality assessment, signifying notable progress in our strategic approach, further elevating our commitment to sustainability.

This advanced framework goes beyond the traditional approach, examining not only our impacts on the environment, society, and the economy, but also offering an understanding of the risks and opportunities for our business related to sustainability. This comprehensive approach also facilitates heightened transparency and accountability. It enables us to focus on critical areas, aligning our business performance with stakeholder expectations and fostering long-term value creation.

Our assessment addresses financial performance, but also reflects our commitment to sustainable development and provides essential insights into pertinent topics for various stakeholder groups ¹.

READ MORE

Our process for finalising and prioritising material topics, along with the definitions of these topics, can be found on www.givaudan.com › Investors › Investor publications › Digital Integrated Report › Download centre

1. With regards to the reporting on non-financial matters according to the Swiss Code of Obligations, the impact on air pollution and human health & safety in relation to the environment are not deemed to be material and thus not treated as separate topics. Related topics and indicators that are material are water security, consumer health & wellbeing, and workforce health & safety.

Our material topics identified by:

Environment    Social    Governance

Economic

CHF 6,915million

Sales

4.1%

Sales growth LFL ¹

13.3%

Free cash flow as a % of sales

CHF68.00

Dividend per share ²

Environment

94%

Purchased renewable electricity

- 43%

GHG emissions scope 1+2 since 2015

- 18%

Water withdrawal rate reduction on sites facing water-stress since 2020

CDP AA

Leadership in transparency and action on climate change and water security

Social

28%

Women in senior management

- 47%

Total recordable case rate since 2018

33%

Of our total materials and services sourced responsibly ³

> 440,600

People benefitted through community initiatives

 Governance

100%

Non-executive and independent Board members

20%

Non-financial targets in Performance Share Plan compensation

1.9%

Average base salary difference between men and women ⁴

73%

Of employees have completed the Principles of Conduct training

Our operations' carbon emissions (scope 1+2) will be cut by 70% (baseline 2015)  p14

Our supply chain emissions (scope 3) will be cut by 20% (baseline 2015)  p14

We will replace single-use plastics with eco-friendlyalternatives across our sites and operations  p14

We will double our business through creations that contribute to happier, healthier lives (baseline 2018)  p30

Our operations' carbon emissions (scope 1+2) will be climate positive p14

Our supply chain emissions (scope 3) will be cut by 50% p14

We will be a climate- positive business (scope 1+2+3)  p14

BY 2030

We will be rated among the leading employers for inclusion

globally  p19

Everyone on our sites will have access to mental and physical health initiatives, tools and training

(baseline 2023)  p20

We will reduce our total recordable case rate by 50%

(baseline 2018)  p20

50% of our senior leaders will be from high growth markets p19

50% of our senior leaders will be women p19

We will improve the lives of millions of people in communities where we source and operate  p21

100% of materials and services will be sourced responsiblyp24

  Our bold, ambitious goals allow us to address critical topics and make us a responsible company.