Firmenich Joins United Nations Global Compact CFO Taskforce to Drive Corporate Finance Strategies with Real-World ESG Impacts

“As stewards of trillions of {dollars} in company finance, CFOs have a important position to play in guaranteeing that firms’ monetary methods are sustainable,” mentioned Benoit Fouilland, Chief Financial Officer, Firmenich. “At Firmenich, our technique is grounded within the Sustainable Development Goals and since signing the UN Global Compact in 2008, we turned one in every of solely 41 LEAD firms worldwide acknowledged for his or her dedication to a brand new period of sustainability. Joining the CFO Taskforce is a pure subsequent step for us and an awesome alternative to proceed advancing sustainability in world enterprise.”

“We are very happy to welcome Firmenich, with its acknowledged observe file in sustainability, on the CFO process power. The Principles for SDG-aligned Corporate Finance allow the broader finance ecosystem to scale up financing and investments in the direction of the SDGs and make sure that we go away no-one behind,” mentioned Sanda Ojiambo, CEO and Executive Director of the UN Global Compact. “This is the precise and opportune factor to do as the long run success of enterprise is inextricably linked to a sustainable future for all.”
Firmenich’s actions are guided by the UN Global Compact’s overarching Ten Principles within the areas of human rights, labor, surroundings, and anti-corruption. Furthermore, the SDGs are firmly embedded within the Group’s progress technique, offering scope for its motion. Learn extra about Firmenich’s progress in its Performance & Sustainability Report 2020 and its bold sustainability goals for the subsequent decade in ESG Ambitions 2030. A board member of the Global Compact Network Switzerland for a decade, Firmenich helps to speed up the impression of the SDGs in Switzerland.As custodians of over $14 trillion a 12 months in company funding globally, CFOs could be a driving power for the achievement of the SDGs, as curiosity in sustainable and accountable funding grows worldwide.By working throughout the funding worth chain, together with buyers, banks, growth finance establishments, credit score scores companies and sustainability evaluation corporations, the CFO taskforce and Firmenich share the purpose of making a broad, liquid and environment friendly marketplace for SDG investments and capital flows. The taskforce has pinpointed 4 key areas: SDG impression and measurement, built-in SDG methods and investments, company SDG Finance and SDG communication and reporting. The CFO Principles on Integrated SDG Investment and Finance, that are meant to complement the Ten Principles of the UN Global Compact, can be found for obtain right here.About Firmenich Firmenich, the world’s largest privately-owned perfume and style firm, was based in Geneva, Switzerland, in 1895, and has been family-owned for 125 years. Firmenich is a number one business-to-business firm specialised within the analysis, creation, manufacture and sale of perfumes, flavors and elements. Renowned for its world-class analysis and creativity, in addition to its management in sustainability, Firmenich presents its prospects superior innovation in formulation, a broad and high-quality palette of elements, and proprietary applied sciences together with biotechnology, encapsulation, olfactory science and style modulation. Firmenich had an annual turnover of three.9 billion Swiss Francs at finish June 2020. More details about Firmenich is out there at – Logo – Related Links SOURCE Firmenich

Recommended For You

About the Author: Jessica