Management Approach 2016 (Disclosure 103-1, 103-2, 103-3)
Over the coming decades, many regions on the planet will experience severe shortages of fresh water, an essential resource. This is a topic we’ve analyzed as having a high social value for materiality. Firstly, the physical availability of water as it relates to our supply chain is important, and secondly, this topic is bound together with growing regulations and the significance of our company’s reputation.
Symrise does not currently operate any sites that use a significant amount of water in areas with limited water. Still, we do everything in our power to use the precious resource of water as efficiently as possible and continuously reduce our production of wastewater (see also our Water Policy, GRI 303-1). To ensure that we’re able to identify and actively manage potential water risks early on, we also systematically assess our supply chain and maintain regular contact with our suppliers. In the reporting period, Symrise also once again made an impressive showing in the CDP (formerly Carbon Disclosure Project) rating. Despite considerably higher requirements for CDP Rating participants, Symrise ranked once again in the top group this year. The highest award of A was achieved in the category climate for the fourth time. Until August 2017, Symrise was the only company in the industry to have its climate strategy approved by the Science Based Target Initiative.
For the first time, we also achieved the highest rating of A in the water protection category and thus a place in the prestigious A-list. Additionally, Symrise also achieved an excellent result in the forest protection category with an A-. Since 2016, Symrise takes the top position in the CDP rating in the area of climate change, protection of water and forests and thus highlights its pioneering achievements in these fields.
In 2017, we began working with the CDP Supply Chain Program. Our suppliers with the highest risk status were requested to follow the CDP Supply Chain Program. Since the 2017 program was viewed as a pilot, we are now requesting that suppliers renew their participation in 2019 with increased data quality and detailed information, as was done in the previous year. Compared to 2017, the number of responses in the water category quadrupled from 13 to 52 in the reporting year. The response rate is thus 45 % in 2019. The number of suppliers reporting that water-related issues are being monitored at the Executive Board level has also increased eightfold in 2019 compared to 2017. The number of suppliers reporting information on water withdrawal increased by 10 % over the same period from 62 % in 2017 to 72 % in 2019. Information on their water consumption was already available to 66 % of suppliers in the reporting year, compared with 56 % in 2017. The number of suppliers reporting specific water-related goals has also quadrupled from 7 to 28 in 2019 compared to 2017.
In the Forest category of the CDP Supply Chain program, Symrise recorded a response rate of 47 % in the reporting year. For more information on the Forest category, please see CDP Website. on the topic and the current CDP results from Symrise.
The total amount of water recycled and reused by Symrise in 2019 is not worth mentioning.