Givaudan is a Swiss-based company that operates in the Flavors & Fragrances sector. It is a global leader in the creation of fragrances and flavors, with a presence in over 100 countries. The company has a long history of innovation and sustainability, and it is committed to reducing its carbon footprint and promoting renewable energy.

Decarbonisation is a key priority for Givaudan, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2019, it announced its commitment to become a carbon-neutral company by 2050. To achieve this goal, Givaudan is implementing a range of measures to reduce its carbon footprint, including investing in renewable energy, improving energy efficiency, and reducing waste.

One of the ways that Givaudan is promoting decarbonisation is through its corporate energy program. This program is designed to increase the use of renewable energy across the company's operations. Givaudan has set a target to source 100% of its electricity from renewable sources by 2025, and it is well on its way to achieving this goal.

One of the key initiatives under the corporate energy program is the use of corporate power purchase agreements (PPAs). These agreements involve the purchase of renewable energy directly from a generator, typically a wind or solar farm. By entering into a PPA, Givaudan is able to secure a long-term supply of renewable energy at a fixed price, which helps to reduce its exposure to volatile energy markets.

Givaudan has already signed several PPAs for renewable energy, including a 15-year agreement to purchase electricity from a wind farm in Spain. This agreement will provide Givaudan with 50% of its electricity needs in Europe, and it is expected to reduce the company's carbon footprint by over 5,000 tons of CO2 per year.

In addition to PPAs, Givaudan is also investing in renewable energy projects directly. For example, the company has installed solar panels at its manufacturing facilities in Singapore and Mexico, which generate a combined total of over 1,000 MWh of electricity per year. Givaudan is also exploring the use of other renewable energy sources, such as geothermal and biomass, to further reduce its carbon footprint.

Givaudan's commitment to decarbonisation extends beyond its own operations. The company is also working with its suppliers and customers to promote sustainability throughout the value chain. For example, Givaudan has launched a program to help its suppliers reduce their greenhouse gas emissions, and it is working with customers to develop sustainable products that meet consumer demand for environmentally friendly products.

Overall, Givaudan is a leader in the Flavors & Fragrances sector, with a strong commitment to sustainability and decarbonisation. The company's corporate energy program, including its use of PPAs and investment in renewable energy, is helping to reduce its carbon footprint and promote the use of renewable energy across the industry. As Givaudan continues to innovate and invest in sustainability, it is well positioned to lead the way towards a more sustainable future for the Flavors & Fragrances sector and beyond.