Symrise Receives Top Grade for Its Sustainability Efforts
Dec 06, 2012 (M2 PRESSWIRE via COMTEX) --
o Sustainability rating agency oekom research assesses 101 interna-tional chemical companies
o Symrise receives "Prime Status"
o Evidence of advanced integration of sustainability into the corporate strategy
Symrise AG is one of the most sustainable chemical companies in the world. This was confirmed by the internationally recognized sustainability rating agency oekom research AG. The agency examined 101 companies in the chemical industry. The companies were evaluated on their compliance with social and environmental standards in corporate management and along the value creation chain.
The most recent industry assessment from sustainability rating agency oekom research AG certifies Symrise AG's above-average performance regarding its sustainable corporate management. The rating analyzes sustainability performance at the world's 101 largest chemical companies and assigns them a grade according to a twelve-part scale from A+ (the highest grade) to D-. With a B-, Symrise received "Prime Status" as well as a top grade in the chemical sector. This means that Symrise AG is qualified for a socially responsible investment (SRI). Only four other companies received "Prime Status."
The rating agency gave particularly high marks to Symrise's responsible procurement processes and its efforts to avoid research testing on animals. The implementation of sustainability in corporate processes was also highlighted: Symrise has a comprehensive and detailed Code of Conduct as well as sustainable management systems regarding the environment, health and safety throughout the Group. When it came to rating the use of renewable raw materials, Symrise even took first place.
On the other hand, the rating agency found need for action when it comes to transparency regarding risks arising from climate change. The rating agency also recommended improvements to the company's information policy with regard to climate change risks and investment security in specific sectors. "We are pleased with oekom research's positive assessment of our company. It is a clear indication of the advanced integration of sustainability in our business strategy and processes. In the same way, the rating provides us with additional incentive for improving our performance and systematically addressing areas that have been identified as needing further development," says CEO Dr. Heinz-Jurgen Bertram.
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