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Symrise
Symrise
from Wikipedia
Symrise headquarters in Holzminden, Germany

Key Information

Symrise AG is a German chemicals company that is a major producer of flavours and fragrances with sales of €4.999 billion in 2024. Major competitors include Givaudan, Takasago International Corporation, International Flavors and Fragrances and Döhler. Symrise is a member of the European Flavour Association.[2] In 2021, Symrise was ranked 4th by FoodTalks' Global Top 50 Food Flavours and Fragrances Companies list.[3]

History

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Symrise was founded in 2003 by the merger of Bayer subsidiary Haarmann & Reimer (H&R)[4] and Dragoco, both based in Holzminden, Germany.

Haarman & Reimer

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Haarman & Reimer (H&R) was founded in 1874 by chemists Ferdinand Tiemann and Wilhelm Haarmann after they succeeded in first synthesizing vanillin from coniferin. Holzminden was the site where vanillin was first produced industrially.[5][circular reference]

In 1917, H&R supported Leopold Ružička's unsuccessful three-year project to synthesize irone, a fragrance of violets.[6]

In 1953, H&R was acquired by Bayer.

Dragoco

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Dragoco was founded in 1919 by Carl-Wilhelm Gerberding and his cousin August Bellmer.

Horst-Otto Gerberding, majority holder and Chairman of the Executive Board at Dragoco, placed all of his shares into the new Syrmise corporation and the merger was completed May 23, 2003.

History since 2003

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In April 2005, Symrise acquired Flavours Direct, a UK-based manufacturer of compounded flavours and seasonings.

In January 2006, Symrise acquired Hamburg based Kaden Biochemicals GmbH, a producer of specialty botanical extracts.

In November 2006, Symrise announced plans to sell shares worth €650 million in an IPO.[7] The firm also announced that its main shareholders, including EQT, would also sell shares worth an unspecified amount. The IPO would leave well above 50% of Symrise shares in free-float. Deutsche Bank and UBS conducted the listing on December 11, 2006. Symrise was listed on the Frankfurt Stock Exchange with the trading symbol SY1. With 81,030,358 shares issued at an issue price of €17.25 for a total volume of €1.4 billion, it was the largest German public offering of 2006.[8]

On 19 March 2007, Symrise was added to the German MDAX stock index.[9]

In March 2013, Symrise acquired US-owned fragrance manufacturer Belmay Fragrances for an undisclosed sum.

On 12 April 2014, Symrise had announced the acquisition of Diana Group one of the leading manufacturers of natural flavours and the global number 1 for pet food solutions.[10] The transaction was closed on July 29, 2014, and valued at around EUR 1.3 billion of equity and debt.

In November 2020, Symrise announced its purchase agreement with Sensient Technologies Corporation, to acquire its fragrance and aroma business.[11]

Key figures

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One of the flavor production building

World market share of the relevant fragrance and flavor market (2015)

Source:[12]

References

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[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia
from Grokipedia
Symrise AG is a major German multinational specialty chemicals company headquartered in , , that develops, produces, and sells fragrances, flavorings, cosmetic active ingredients, raw materials, and functional nutrition ingredients for applications in food, beverages, personal care, household products, and . The company originated from the 2003 merger of two longstanding German firms, Haarmann & Reimer and Dragoco, with roots extending back to 1874 when Wilhelm Haarmann patented the first synthetic production of , marking a foundational milestone in the global flavors and fragrances industry. Today, Symrise operates more than 100 production sites and offices worldwide, serving over 6,000 customers across approximately 150 countries and offering a portfolio exceeding 30,000 ingredients tailored to consumer demands for naturalness, , health, and sensory experiences. With around 12,700 employees as of 2024, the company reported sales of €4.999 billion in the same , positioning it as one of the world's leading providers in the €45.3 billion flavors and fragrances market, where it holds an approximate 11% share. Symrise's business is divided into two primary segments: Taste, Nutrition & Health, which focuses on flavor solutions for food and beverages, pet nutrition, and probiotic ingredients; and Scent & Care, encompassing fragrances for perfumes, cosmetics, and household products, along with active cosmetic ingredients derived from natural sources. The company emphasizes , with initiatives including responsibly sourced raw materials, reduced environmental impact through eco-friendly production, and innovation in bio-based alternatives to support global trends toward clean-label and vegan products.

History

Pre-merger foundations

Haarmann & Reimer was founded in 1874 in Holzminden, Germany, by chemist Wilhelm Haarmann in collaboration with Ferdinand Tiemann, initially focusing on the production of essential oils and marking a pivotal advancement with the first industrial synthesis of vanillin from coniferin, a natural compound derived from pine bark. By 1876, Karl Reimer joined the venture, renaming it Haarmann & Reimer and refining the process to produce vanillin industrially from eugenol, a component of clove oil, which enabled scalable manufacturing of synthetic aroma compounds. In the early , Haarmann & Reimer expanded significantly into synthetic aroma compounds, securing over 30 patents for innovations such as in 1891, which served as a key intermediate for production and other fragrances, solidifying its role as a pioneer in chemical flavor and fragrance synthesis. The company further diversified into natural plant extracts, including essential oils, while navigating the challenges of . Following , Haarmann & Reimer experienced robust growth during Germany's reconstruction era; acquired by in 1953, it launched international expansions with subsidiaries in the United States, , and , alongside breakthroughs like the industrial production of L-menthol in 1973. Dragoco was established in 1919 in , , by Carl-Wilhelm Gerberding, a , and his cousin August Bellmer, initially operating from Gerberding's barbershop to produce and compositions using natural extracts. Specializing in natural raw materials such as essential oils, spices, and flavors, the company built expertise in , establishing its first dedicated factory in by 1926 and broadening into flavor development by 1930. During the 1920s and 1930s, Dragoco innovated in flavor profiles, notably advancing citrus-based compositions through refined extraction techniques and creating global sourcing networks for raw materials like spices and botanical extracts from regions in Europe, Asia, and beyond, which supported its growing export-oriented operations. Post-World War II recovery saw Dragoco open its first overseas subsidiary in Milan, Italy, in 1955, followed by a U.S. branch in 1956, fostering further international growth under family leadership in the late 1980s and 1990s with additions in China (1993), South Africa, and India. Both Haarmann & Reimer and Dragoco, sharing the same base, developed complementary strengths—synthetic innovation versus natural extraction and trade—which by the late prompted strategic merger discussions to combine their expertise in flavors and fragrances, culminating in the 2003 formation of Symrise.

Formation and initial development

Symrise was formed in October 2003 through the merger of Haarmann & Reimer, a subsidiary of , and the family-owned Dragoco, both headquartered in , , creating Symrise & Co. KG as the world's fourth-largest flavors and fragrances company. This union inherited deep expertise from Haarmann & Reimer's chemical and fragrance innovations dating to 1874 and Dragoco's natural extracts specialization from 1919, enabling a combined portfolio exceeding 20,000 products across scents, flavors, and cosmetic ingredients. At formation, the company employed approximately 5,800 people worldwide and generated combined annual sales of about €1.245 billion. Under initial CEO Gerold Linzbach, with key executive Heinrich Schaper leading the flavors division, Symrise prioritized rapid integration of operations, particularly merging R&D facilities to leverage complementary strengths in synthetic and development. This focus streamlined innovation processes, fostering in creating customized solutions for , beverage, and personal care industries while addressing post-merger challenges like cultural alignment and cost efficiencies. By early 2004, the company launched a unified branding under the "Symrise" name—derived from "" and "prise de mire" (French for "taking aim")—to consolidate global marketing and emphasize its integrated expertise. During 2004 and 2005, Symrise pursued initial international growth by expanding its presence in the region, establishing sales offices and enhancing local production capabilities to tap into rising demand for flavors and fragrances in emerging markets like and . These efforts supported organic revenue growth and positioned the company for broader global reach. Culminating this foundational phase, Symrise went public with an initial public offering on the in December 2006, issuing 81 million shares at €17.25 each for a total volume of approximately €1.4 billion—the largest German IPO of the year—providing capital for further development while marking its transition to a publicly traded entity.

Expansion through acquisitions

Symrise's expansion strategy has heavily relied on strategic acquisitions since its , which provided the financial foundation to pursue growth opportunities in flavors, fragrances, and segments. This approach enabled the company to diversify its portfolio and enter high-growth areas such as natural ingredients and pet , integrating acquired entities to enhance innovation and market reach. In 2014, Symrise acquired the Diana Group for €1.3 billion, including debt, significantly bolstering its Taste, & Health segment with natural functional ingredients for , nutraceuticals, and human well-being applications. The deal, completed in July 2014, created a competitive platform for accelerated in sustainable nutrition solutions. Building on this, the 2015 acquisition of Pinova Holdings for approximately US$397 million (with potential earn-out up to US$430 million) added specialized natural pine-based ingredients to the Scent & Care segment, supporting applications in perfumes, fragrances, and oral care products. Subsequent deals further diversified Symrise's offerings. In 2019, the company acquired ADF/IDF, a U.S.-based provider of natural protein solutions for , enhancing its flavor and capabilities in the animal market. In 2023, Symrise acquired an approximately 30% stake in Swedencare AB following an initial purchase and a of SEK 37.50 per share (valuing the company at approximately SEK 5.9 billion, or about €540 million), though the offer for remaining shares was accepted for only an additional 0.17%, to expand its and product lineup. In November 2024, Symrise launched a public offer for Probi AB at SEK 350 per share, valuing the target at SEK 3.988 billion and acquiring over 97% of shares by early 2025, thereby strengthening and biotic solutions for and . These moves, including a 2025 investment in firm Cellibre for taste balancing and cosmetic actives, have contributed to Symrise's organic sales growth averaging 5-7% annually in recent years.

Business operations

Corporate segments

Symrise operates through two primary corporate segments: Taste, Nutrition & Health (TN&H) and Scent & Care (S&C), which together account for the company's core operating activities. In 2024, TN&H generated sales of €3,091 million, representing 61.8% of the group's , while S&C contributed €1,908 million, or 38.2%. These segments are structured to leverage synergies in , , and global operations, aligning with the company's overarching strategy to drive innovation in , wellness, and environmental responsibility. The , Nutrition & segment focuses on developing flavors and nutritional solutions for human and animal applications, including food and beverage enhancement, pet nutrition, and probiotic-based health products. It encompasses key divisions such as Food & Beverage, which covers beverages, sweet and savory applications, and natural ingredients; , addressing and nutrition for pets; and , targeting gut and immune support. This segment emphasizes sustainable sourcing and functional benefits, such as improving plant-based proteins and reducing sugar content in formulations, to meet growing demands in human and pet nutrition markets. Capabilities in this area have been enhanced through acquisitions like Probi AB, which was fully acquired in January 2025 and bolsters probiotic expertise. The Scent & Care segment specializes in fragrances, cosmetic actives, and care solutions for personal and household products, including fine and consumer fragrances, oral care ingredients, and bio-based aroma molecules. Its divisions include Fragrance for and consumer goods applications, Oral Care for mint and hygiene solutions, Cosmetic Ingredients for and actives, and Aroma Molecules for sustainable compounds. The segment prioritizes clean and eco-friendly innovations, such as vegan and circular economy-aligned ingredients, to support trends in sustainable and personal care. Inter-segment synergies are fostered through shared efforts, particularly in natural sourcing, , and technologies like for enhanced delivery systems across flavors and fragrances. The ONE CARE initiative integrates health actives from both segments to accelerate in wellness-oriented solutions, while joint programs promote and protection. These collaborations enable cross-application of expertise, such as adapting nutritional insights for cosmetic formulations and vice versa. In 2024, Symrise launched the ONE Symrise framework, emphasizing health-driven growth in TN&H—particularly in pet and human nutrition—and sustainability-focused expansion in S&C, including clean beauty trends. This evolution includes portfolio optimization, such as divestitures to streamline operations, and increased investment in ESG goals like net-zero emissions by 2045. Both segments benefit from digital tools and global efficiency measures to enhance profitability and market responsiveness. Organizationally, the segments are divided into specialized divisions—Flavors, Nutrition, Fragrances, and Cosmetic Ingredients—further structured into over 100 business units worldwide, operating across regions like EAME, , , and . This decentralized yet coordinated structure supports localized innovation while maintaining global oversight from the Corporate Center in , .

Global presence and facilities

Symrise's headquarters is located in , , serving as the central hub for as well as administrative functions including , control, communications, and overall corporate management. The facilities in span approximately 50 hectares, encompassing production, innovation centers, and support operations that anchor the company's global activities. The company maintains operations in over 150 countries, supported by more than 100 locations worldwide that facilitate proximity to customers and markets. Major production sites are distributed across key regions, including with facilities in , , and ; at the site, which includes extraction capabilities for botanicals; in , , and ; and in and . These sites enable efficient regional and distribution tailored to local needs. As of late 2025, Symrise employs approximately 13,000 people globally, up from 12,718 at the end of 2024, including trainees and apprentices, drawn from over 60 home countries to foster a diverse . Regional offices and development centers support localized innovation, allowing the company to adapt solutions to specific market demands while maintaining global standards. Symrise's supply chain emphasizes sustainable sourcing, with direct partnerships involving around 7,000 farmers in to ensure traceable and premium-quality natural ingredients. In , the company engages in initiatives to enhance sustainability in the mint supply chain, supporting production through optimized farm management practices. This network is bolstered by over 30 manufacturing plants worldwide, which integrate raw material processing with advanced production capabilities. In a recent expansion, Symrise announced in 2025 the of a new spray-drying tower at its Berric facility in , set to become operational in mid-2026 and increase capacity for solutions. This development underscores the company's commitment to scaling operations in response to growing global demand. The global presence also aligns with Symrise's corporate segments, such as emphasizing for flavor innovations.

Products and solutions

Taste, Nutrition & Health offerings

Symrise's Taste, Nutrition & Health segment provides a wide array of flavors tailored for savory, sweet, and beverage categories, utilizing extracts to enhance products such as snacks, items, and alcoholic drinks. In the savory domain, these include , , , and flavors derived from high-quality raw materials, applied in sauces, soups, and ready-made meals. Sweet flavors support , baked goods, cereals, chocolates, and chewing gums by improving , texture, and visual appeal with ingredients. For beverages, offerings encompass extracts for , , juices, colas, drinks, , wine, spirits, and liqueurs, often incorporating nutritional benefits. These custom formulations draw from over 10,000 raw materials and more than 13,000 differentiated options, serving over 6,000 customers globally. The segment's nutrition solutions feature probiotics integrated following the 2025 acquisition of Probi, which bolsters clinically backed offerings for human health applications. Functional ingredients target dietary supplements, while natural preservatives enable clean-label foods by extending without synthetic additives. These solutions emphasize health benefits, such as low-sugar formulations that maintain sensory appeal in human foods, aligning with consumer demands for healthier options. In , Symrise delivers flavors and health additives focused on , , and protection, enhanced by the 2014 acquisition of Diana Group, which expanded flavor capabilities for animal . Integrations from share acquisitions in Swedencare since 2021 further support premium products targeting immune support through ingredients like Nuvin™ for specific nutritional needs and Videka for food protection. These additives improve and owner satisfaction in high-value feeds, with solutions like SPF enhancing sensorial experiences for happier mealtimes. Key technologies in the segment include enzyme-based flavor enhancement, which optimizes taste profiles efficiently, and to ensure ingredient stability during high-heat processing. These innovations support applications in both and nutrition, contributing to the segment's organic sales growth of 7.8% in 2024, driven by strong performances in food & beverage and .

Scent & Care offerings

Symrise's Scent & Care segment provides a wide range of fragrances tailored for fine fragrances, household products, and fabric care, leveraging over 220 years of expertise to create sensory experiences that enhance consumer goods. In fine fragrances, the company operates creative centers in cities such as , New York, and , where 25 perfumers develop bespoke scents, including iconic formulations like Be Delicious and 212 VIP Men, earning over 40 Fragrance Foundation Awards. For household and fabric care applications, Symrise employs innovative delivery systems like encapsulation to infuse lasting scents into air fresheners, cleaners, and laundry products, improving mood and sensory appeal in everyday environments. Sustainable scents form a core part of the fragrance portfolio, derived from natural sources such as byproducts, bolstered by the 2016 acquisition of Pinova Holdings for $417 million, which expanded access to high-quality, forest-based ingredients for perfumes and oral care. These include aroma molecules like and linalools produced from renewable feedstocks such as crude , with Symrise achieving the first FSC certification for such forest-derived materials to ensure ethical sourcing. Multi-functional molecules, such as Sultanene for tropical and floral notes or Mandaril for stable enhancements, exemplify how these natural derivatives reduce environmental impact while maintaining high performance in global consumer products. In cosmetic active ingredients, Symrise supplies solutions for personal care brands, focusing on skin-brightening actives that deliver visible radiance alongside sensorial fragrances, anti-aging peptides like those in SymReboot L19, which uses probiotic-based to boost skin defenses and strengthen the barrier, and emollients tailored for multi-ethnic needs. Products such as Hydrolite 5 green, a 100% renewable USDA-certified emollient, skin, improve formulation consistency, and enhance active efficacy, supporting clean beauty trends with natural-derived profiles. These ingredients adhere to global regulatory standards, drawing from regional consumer insights and sustainable sourcing programs like Symrise Amazon, certified by the Union for Ethical Biotrade (UEBT). Oral care solutions from Symrise include specialized menthols and flavor masks for and , with the company producing nature-identical L- through a proprietary, solvent-free process that generates no wastewater, manufactured at facilities in , , and , . This backward-integrated approach supplies around 500 customers with high-purity menthol, while over 2,000 mint-based recipes using sustainably sourced natural oils from U.S. regions like Washington and mask off-flavors and provide diverse cooling sensations in oral products. Innovations in the segment emphasize bio-based preservatives and clean beauty formulations, such as the patent-protected Mindera platform, which offers 100% plant-derived ingredients for multifaceted product protection in personal care, addressing demand for , eco-friendly alternatives. Recent investments, including a 2025 partnership with biotech firm Cellibre, accelerate fermentation-derived actives for , enhancing without synthetic preservatives. Serving thousands of global brands across more than 133 countries, these offerings prioritize eco-friendly profiles and compliance with international regulations like the EU Green Deal, ensuring versatile applications in consumer goods while minimizing environmental footprint.

Financial performance

Key metrics and revenue

Symrise reported sales of €4,999 million in 2024, marking a 5.7% increase from €4,730 million in 2023, with organic growth of 8.7% primarily driven by an 8.9% rise in volumes across both segments. The company's EBITDA reached €1,033 million in 2024, achieving a margin of 20.7%, while net income stood at €478 million; business free cash flow amounted to €680 million, equivalent to 13.6% of sales. Symrise's revenue has grown substantially since its formation in 2003, reaching €4,730 million in 2023. In 2023, the , & segment accounted for approximately 63% of total sales at €2,978 million, while the & Care segment contributed 37% with €1,752 million. In 2024, the , & segment generated €3,091 million and the & Care segment €1,908 million. This progression reflects consistent expansion, partly fueled by strategic acquisitions that have enhanced portfolio scale and market reach. Key productivity metrics underscore , with sales per employee reaching approximately €382,000 in based on an average workforce of 13,097. Symrise maintains a diverse portfolio exceeding 35,000 products derived from over 10,000 raw materials, primarily of natural origin. On the balance sheet as of December 31, , equity attributable to shareholders totaled €4.0 billion, supported by a net below 0.5 following a €330 million reduction in net debt to €1,836 million. This strong , with an of 47.8%, positions the company for sustained investment in growth initiatives.
Metric2024 ValueNotes
Sales€4,999 million5.7% reported growth; 8.7% organic
EBITDA€1,033 million20.7% margin
€478 million-
Business Free Cash Flow13.6% of €680 million
Sales per Employee~€382,000Based on 13,097 average employees
Products in Portfolio>35,000-
Equity€4.0 billionAttributable to shareholders
Net Debt-to-Equity Ratio<0.5Net €1,836 million

Stock performance and outlook

Symrise AG's shares have been listed on the Prime Standard segment of the since its on December 11, 2006, at an issue price of €17.25 per share. The company joined the index in September 2021, reflecting its growing prominence among Germany's leading blue-chip firms. By the end of 2024, the stock closed at €102.65, marking substantial appreciation from the IPO level. As of November 2025, Symrise's stood at approximately €9.8 billion, based on a share price around €70 and roughly 140 million . The company maintains a progressive , targeting a payout of 30-40% of adjusted earnings, with the 2024 dividend set at €1.20 per share—representing a 9% increase from €1.10 in 2023 and the 15th consecutive annual rise. This resulted in an effective payout of about 33% for the year, underscoring Symrise's commitment to returns amid steady profitability. Since its IPO, Symrise's shares have delivered a (CAGR) of approximately 11% through , driven by strategic acquisitions that expanded its portfolio and bolstered market position. This performance has been supported by consistent gains, reaching about 11% in the global flavors and fragrances industry, within a market valued at roughly €40 billion in . Key factors include the integration of acquired entities enhancing capabilities in high-growth areas like pet and cosmetic ingredients. Looking to 2025, Symrise has adjusted its organic sales growth outlook to 2.3-3.3%, down from an earlier projection of 3.0-5.0%, due to softening consumer demand and geopolitical pressures, while reaffirming an EBITDA margin of around 21%. Over the mid-term through 2028, the company targets 5-7% CAGR in organic sales and an EBITDA margin of 21-23%, with a strategic emphasis on in the and sector amid a global market exceeding €28 billion. Analysts highlight Symrise's resilience in defensive consumer goods categories, such as essential flavors and fragrances, but note ongoing risks from price volatility and end-market fluctuations.

Innovation and sustainability

Research and development

Symrise invests significantly in to drive across its operations. In , the company allocated €276 million to R&D, representing 5.5% of its total sales. This funding supports a global workforce of approximately 1,767 R&D employees, including over 1,000 scientists dedicated to advancing fragrances, flavors, and cosmetic ingredients. These professionals operate from more than 40 laboratories worldwide, with key facilities in locations such as (), Teterboro (), , (), and (). The Innovation Campus, serving as Symrise's headquarters, functions as a central hub for interdisciplinary , housing perfumers, chemists, and application experts to foster collaborative breakthroughs. Symrise employs cutting-edge technologies to enhance its product development pipeline. In flavor design, the company utilizes AI-driven tools such as SymVision AI™ for trend prediction and PropheSY for optimizing flavor profiles, enabling faster iteration and market alignment. Biotechnology plays a pivotal role, particularly through the integration of probiotics via the Probi acquisition, which was fully completed in January 2025 with the delisting of Probi AB, supporting microbiome-based solutions for and . For cosmetic actives, sustainable synthesis methods emphasize and renewable raw materials, including low-emission processes to produce vegan and natural ingredients like Symcap BP capsules. These technologies are applied across the , & and & Care segments to create tailored solutions. The company's underscores its innovative output, with a global portfolio exceeding 5,550 filings, of which over 2,300 have been granted. In alone, Symrise filed 19 applications and completed 43, contributing to an rate where 15% of sales derived from products launched in the previous three years. This pipeline reflects a strategic emphasis on protecting advancements in aroma molecules, functional ingredients, and sustainable formulations. Symrise fosters external collaborations to accelerate discovery, particularly in natural ingredient sourcing and consumer trends. Partnerships with universities, including the , Wageningen University, , and the , focus on nutritional research, sugar reduction, and biodiversity exploration for novel raw materials. Additionally, dedicated consumer insight labs, such as the Digital Immersion Co-Creation Center in opened in 2024, integrate sensory data and market analytics to predict evolving preferences. These initiatives enhance Symrise's ability to translate academic insights into commercial applications. Core focus areas in R&D include clean-label solutions, personalized , and innovations. Clean-label efforts prioritize natural and transparent ingredients to meet consumer demands for authenticity. Personalized nutrition leverages for targeted health solutions, such as microbiome-supporting . In the , Symrise develops upcycled ingredients from industrial by-products, like shells and waste, to minimize resource use and generate value from side streams, with 62% of raw materials assessed for circular potential. These priorities align R&D with broader market shifts toward and customization.

Sustainability practices

Symrise's sustainability efforts are guided by the Symrise2025 strategy, which encompasses four pillars—Footprint, Innovation, Sourcing, and Care—to integrate environmental, social, and economic responsibilities into its operations. This framework aims for 100% sustainable sourcing of all strategic biological raw materials by 2025, with 92% achieved in 2024 across key ingredients such as sourced from through backward integration programs supporting over 7,000 local farmers. Environmental initiatives under the strategy emphasize and emissions reduction. Symrise achieved a 30.9% reduction in consumption at production sites in water-stressed regions, including , , and , by 2023 relative to the 2018 baseline, contributing to broader targets of 15% overall reduction by 2025. The company has cut its by up to 20% per ton of product in select processes since 2018 through low-carbon innovations, while pursuing Scope 1 and 2 emissions reductions of 80% by 2028 from a 2020 baseline as part of its Low Carbon Transition Plan aiming for net-zero operations by 2045. Additionally, key sites have implemented zero-waste-to-landfill practices, with 80% of total waste recycled or reused in 2024, aligning with principles. On the social front, Symrise promotes diversity and ethical practices through targeted programs. The company set a goal of 30% women in first-level management positions by 2025, reaching 23% in 2024 with initiatives like cross-regional talent development and inclusive . Ethical sourcing is enforced via the Responsible Sourcing Policy and Supplier , which align with UN and ILO conventions, ensuring fair labor in supply chains. Community engagement includes projects like sustainable mint farming in and vanilla cultivation support in Madagascar's SAVA region, benefiting local farmers with and premium pricing to enhance livelihoods and traceability. Governance structures ensure robust ESG integration, with reporting aligned to the EU's Corporate Sustainability Reporting Directive (CSRD) and (GRI) standards, including limited assurance audits by . The Executive Board provides oversight through regular sustainability reviews, supported by a dedicated Sustainability Board and , while third-party audits verify compliance in high-risk supply chains. In 2024, Symrise earned an "A" score from CDP in the leadership category for and , reflecting strong transparency and action. Product-specific sustainability features include 100% RSPO Mass Balance-certified palm and oils since 2016, reducing risks in supply chains. Symrise also develops biodegradable cosmetic ingredients, such as those in the Savelite® range, which minimize environmental persistence and support eco-friendly formulations in personal care applications.

References

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