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|IFF Joins WBCSD|
April 29, 2015 – Today, International Flavors & Fragrances Inc. (NYSE: IFF) joins nearly 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD).IFF, with headquarters in New York, is a leading global creator of flavors and fragrances used in a wide variety of consumer products.
Andreas Fibig, Chairman and CEO of IFF stated “For over 125 years IFF has built a track record in helping to address social and environmental issues throughout our supply chain. Now we are partnering with WBCSD to increase our impact beyond the boundaries of business as usual.
“The ground-breaking work of the WBCSD will do more than just help us in our ongoing mission to transform the everyday through our tastes and scents in a sustainable way. It enables us to set higher goals for positive change in the world and in the service of our customers and consumers.”
Peter Bakker, WBCSD President and CEO said “We are delighted to welcome IFF to WBCSD. IFF’s proven leadership in sustainability is an asset to our business network and we know it will spark innovation for sustainability solutions with scale and impact.
“We commend IFF for taking the next step to go beyond business as usual, and our member companies look forward to working together on new approaches to solving global challenges.”
The size and market reach of IFF highlight its potential for making significant sustainability impacts across the world. With just over $3 billion in annual sales (of which approximately 50% occur in emerging markets), IFF’s global presence offers a significant opportunity to improve the social, environmental and wellness needs of the flavors and fragrances industry.