Founded in 1895 and headquartered in Geneva, Switzerland, Firmenich is one of the world’s largest privately owned fragrance and flavour companies. It is present across more than 100 markets and operates 82 facilities around the world, including 33 manufacturing plants and five research and development centres. Firmenich continues to grow, with four acquisitions, one strategic partnership and new facilities in ten global locations announced in 2019.
Firmenich ranks number one in the agricultural products and commodities segment. It outperforms its peers across the governance and strategy, nutrition and environment measurement areas, disclosing leading practices in all three. Firmenich discloses a comprehensive sustainability governance framework, stakeholder engagement activities and identifies priority sustainability topics which are aligned with time-bound targets within its sustainability strategy. Moreover, the company performs well across all relevant nutrition indicators compared to its peers, particularly its approach to providing solutions for more healthy foods. The opportunities for Firmenich going forward are primarily in the social inclusion measurement area, where the company could increase disclosure on tackling important issues in its supply chain, such as child and forced labour, or a set time-bound target to pay a living wage.
More about the company
- Geneva, Switzerland
- Food and agriculture revenue USD
- Not available
- Group revenue USD
- Onwnership structure
- Number of employees