International Flavors & Fragrances

Specialty Chemicals / Biotechnology / Personal Products
IFF
$ 79 3.5
Share price
$ 20 bn
Market Cap
$ 29 bn
Enterprise Value

Carbon footprint

66 Ton
GHG emissions per $ 1 mln investment
2x the weighted average for S&P 500
FY2021
How is this calculated?
+673%
YOY change in GHG emissions
Stronger than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-23%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -8.2% weighted average for S&P 500
FY2022
How is this calculated?

International Flavors & Fragrances aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2015


This target has not been verified as science based according to SBTi
International Flavors & Fragrances's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

International Flavors & Fragrances's GHG emissions (market-based) (Kt of CO2e)
International Flavors & Fragrances's Carbon intensity (Tons per 1 USDm)

International Flavors & Fragrances's carbon footprint

International Flavors & Fragrances reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,912 Kt (+1,665/+673% y-o-y). Carbon intensity also surged to 164 t (+115/+237% y-o-y).

International Flavors & Fragrances's Scope 3 emissions skyrocketed to 7,644 Kt (+5,498/+256% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +40% since 4Q'16).

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2015, which translates into the estimated reduction of -435 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

International Flavors & Fragrances also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. International Flavors & Fragrances, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2021 base year. International Flavors & Fragrances, Inc., also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, and processing of sold products 30% within the same timeframe.

Company environmental metrics

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