Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, June 29 2021 - 12:00
AsiaNet
Fragrance and flavor industries show positive results in first sector-wide Sustainability Report
SINGAPORE, June 29, 2021 /PRNewswire-AsiaNet/ --

More than 100 companies contribute to first 'state of play' analysis of F&F 
industry sustainability actions

The first collective Sustainability Report by the fragrance and flavor 
industries – published on World Environment Day on 5 June - shows positive 
results against a series of commitments made by companies.

The 2020-21 Sustainability Report (ifra-iofi.org/report) is published by The 
International Fragrance Association (IFRA) and the International Organization 
of the Flavor Industry (IOFI). It outlines the state of play in five Focus 
Areas that form part of the IFRA-IOFI Sustainability Charter – a collective 
commitment to raise the bar across the industries, which was launched in July 
2020 and now has 126 signatories. A third of these signatories are from the 
Asia-Pacific region.

Asia-Pacific plays an integral role in the end-to-end global supply chain and 
research and development (R&D) activities of the fragrance and flavor 
industries. The Asia Pacific region is a key supplier of raw materials, being 
the largest producers of mint, cedarwood, patchouli, other spices, and herbs. 
Extracts of these materials are essential ingredients in the manufacturing 
process of personal care, hygiene and sanitizing products. These products are 
widely consumed across the Asia-Pacific region and beyond.

With the ongoing COVID-19 pandemic, the demand for such products maintained 
good growth driven by the awareness of consumers on the need to maintain 
hygiene, at a personal level as well as at home, to reduce the chances of 
infection. Across the value-chain, it is creating new markets and job 
opportunities, and propelling workforce upskilling, with safe use and 
sustainability as key considerations as the market grows.

As such, it is heartening that the results show that more than two in every 
three companies who responded to a survey, representing more than 90 per cent 
of the F&F market, are already addressing the sustainability challenges 
outlined in the five Focus Areas:

-On responsible sourcing, more than 70 per cent of respondents and the vast 
majority of the market engage in dialogue with farmers and communities, with 
most of the market having advanced human rights, labor standards and 
biodiversity action plans. 
-The environmental footprint of the F&F industries is relatively small with 
three in four respondents, and more than 90 per cent of the market, having a 
global environmental strategy, implementing eco-design measures and acting to 
reduce consumption and waste. 
-On employee well-being, the F&F industries show high standards on employee 
well-being and offering a rewarding labor environment, including equal 
opportunities, diversity and inclusion, and training. The vast majority of the 
industries' employees benefit from this high standard. 
-On product safety, the F&F industries are at the leading edge, and the results 
show more than 90 percent of respondents engaging in dialogue with downstream 
customers on product stewardship. 
-On transparency and partnerships, more than three in four respondents have a 
global responsive governance strategy in place, including all the largest 
companies.

Launching the report, Sven Ballschmiede, IOFI Executive Director, said:

"The results in the report show a high level of maturity in the industries on 
sustainability across all five Focus Areas. It has been a long, collective 
effort to develop the Charter but the results in this report show we are in a 
good place as the F&F industries."

"We will continue to support companies and work collectively to deliver the 
tools and partnerships for progress in upcoming reports."

Martina Bianchini, IFRA President, added:

"Sustainability is an imperative for all industries, and not least the F&F 
industries, which are rooted in nature. With the publication of this 
Sustainability Report, we have reached a significant milestone on our 
sustainability journey – but our work goes on to expand uptake of the Charter, 
raise awareness, and work with customers, partners and stakeholders to design 
the safe and sustainable products of the future."

The results in the 2020-21 Report will form the baseline for future reports, 
allowing the industries to track progress. The Report also highlights a series 
of collective actions taken since the launch of the Charter eleven months ago, 
as well as partnerships and initiatives undertaken by IFRA and IOFI on behalf 
of the industries.

The Charter continues to be open to signatories from fragrance and flavor 
companies around the world. Signatories will provide data on progress in 2021 
ahead of the publication of the next report in mid-2022.

For more information on the Charter, go to ifra-iofi.org.

About the International Fragrance Association

The International Fragrance Association, founded in 1973, represents the 
interests of the fragrance industry worldwide. IFRA comprises seven 
multinational Regular Members and 21 national associations in four global 
regions representing hundreds of small and medium-sized fragrance ingredient 
manufacturers, as well as supporting members. Its mission is to promote the 
safe use of fragrance for everyone's enjoyment.

Fragrances are a key platform technology used by consumer goods companies – for 
fine fragrances, personal care products, household care and more.

IFRA's flagship safe use program, the IFRA Standards, applies safety management 
measures based on scientific assessment and the evaluations of an independent 
Expert Panel. The program is at the heart of the IFRA Code of Practice, which 
applies to all IFRA members globally, including members of IFRA's 21 national 
associations. The Code also requires members to abide by local, national and 
international regulation, and to apply good manufacturing practices. 

SOURCE The International Fragrance Association (IFRA)
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