Perfume Industry

GLOBAL HISTORY
4000 years ago: The first form of perfume was incense, first made by the Mesopotamians about 4000 years ago.
Ancient cultures burned a variety of resins and wood at their religious ceremonies.

3300 BCE to 1300 BCE: Perfume and perfumery also existed in Indus civilization, which existed from 3300 BCE to
1300 BCE. One of the earliest distillations of Ittar was mentioned in the Hindu Ayurvedic text Charaka Samhita
and Sushruta Samhita.The perfume references are part of a larger text called Brihat-Samhita written by
Varāhamihira, an Indian astronomer, mathematician, and astrologer living in the city of Ujjain.

3000 B.C.: Incense made its way to Egypt around 3000 B.C. but until the beginning of Egypt’s Golden Age,
perfumes were used only in religious rituals. They became available to all Egyptians as the priests gradually
relinquished their exclusive rights. Citizens took elaborate baths and soaked their skin in scented oils for
pleasure.

Cretans and Phoenicians are the first to benefit from the know-how of the Egyptians regarding perfume,
which they will then pass to the Greeks. With their various trading posts in the Near East, they discover and
import new odorous materials such as saffron or incense. Later, thanks to the conquests of Alexander the Great,
scents from India will be added to their olfactory palette. Sandal, nutmeg, nard and many other ingredients
favour this new scented revolution. At the same time, animal materials such as musk, civet or ambergris also
appear.

Over time, Greeks become true experts in the creation of fragrant products. They invent the technique
of enfleurage, still used today, to make the first liquid perfumes. They let flowers macerate in bronze vases filled
with oil which they constantly renewed. The fragrances were filled in ceramic, lead or gold bottles, decorated
with imaginary myths The ancient Greeks can take credit for the first liquid perfume.

But it was the development of distillation by the Arabs that made perfume manufacture viable. Perfume
enjoyed huge success during the seventeenth century

14th century: Knowledge of something perfumery came to Europe as early as the 14th century due partially to
Arabic influences and knowledge. But it was the Hungarians who ultimately introduced the first modern
perfume.

1370: The first modern perfume, made of scented oils blended in an alcohol solution, was made in 1370 at the
command of Queen Elizabeth of Hungary and was known throughout Europe as Hungary Water.

France quickly became the European center of perfume and cosmetic manufacture. Cultivation of
flowers for their perfume essence, which had begun in the 14th century, grew into a major industry in the south
of France mainly in Grasse now considered the world capital of perfume. During the Renaissance period,
perfumes were used primarily by royalty and the wealthy to mask body odors resulting from the sanitary
practices of the day.

1656: in 1656, the guild of glove and perfume-makers was established. Perfumers were also known to create
poisons; for instance, a French duchess was murdered when a perfume/poison was rubbed into her gloves and
was slowly absorbed into her skin.

18th century: Perfume came into its own when Louis XV came to the throne in the 18th century. His court was
called "la cour parfumée" (the perfumed court). Madame de Pompadour ordered generous supplies of perfume,
and King Louis demanded a different fragrance for his apartment every day. The court of Louis XIV was even
named due to the scents which were applied daily not only to the skin but also to clothing, fans and furniture.
1833/ 1834: Dumas and Peligot isolate cinnamic aldehyde from cinnamon essence.

1844: Cahours finds the main constituent of aniseed essence: anethol.

By the 18th century, aromatic plants were being grown in the Grasse region of France to provide the
growing perfume industry with raw materials. Even today, France remains the centre of the European perfume
design and trade.

1861: Perfume manufacture in Russia grew after 1861 and became globally significant by the early 20th century.
The production of perfume in the Soviet Union became a part of the planned economy in the 1930s, although
output was not high

1868: The English chemist, William Henry Perkin, synthesizes the odorant principle of the tonka bean called
coumarin.

1869: Discovery of heliotropine used in Après l'Ondée, which also contains the anisic aldehyde molecule
discovered in 1887.

1874: Chemists Tiemann and Reimer industrially manufacture vanillin.

1882: Coumarin is used for the first time in the Royal Fern, created for Houbigant.

1888: The chemist Baur produced an artificial musk much less expensive than musk tonkin (the latter was
henceforth banned).

1889: Jicky by Guerlain uses in many natural products the first synthetic products coumarin, vanillin and linalool,
in order to boost natural vanilla and tonka bean.

1908: The creation of hydroxycitronellal from citronella oil. At this date, creation of the peach note (C14), which
will be used for the first time in Guerlain's Mitsouko.

1921: Ernest Beaux created Chanel No. 5 for Coco Chanel in 1921. It has a floral top note of ylang-ylang and
neroli, with a heart of blends of jasmine and rose all above a woody base of sandalwood and vetiver. Chanel
believed women should wear perfume wherever they hoped to be kissed.

1925: Jacques Guerlain decided to pay homage to their romance in fragrance form. Introduced as the “first
oriental perfume” in 1925, it was named after the historic gardens of the Taj Mahal.

1947: New houses appear and a designer starts making fragrances in 1947: after having revolutionized fashion
with his New Look, Christian Dior unveils the famous Miss Dior. Haute-couture perfumes became the means to
stand out from the crowd.

1950s: Complete automation of the glassmaking process was made possible with new I.S. (individual section)
machines, which are still used today. I.S. machines consist of several sections, each fully functional, that form the
containers. The machines, which enabled faster speeds and reduced cost per gross, helped the Bresle Valley step
up its production of specialized perfume and cosmetic containers.

1952: Estée Lauder markets its first perfume, Youth Dew, which would serve as a precursor for American
perfumery. Initially created as a bath oil, the fragrance would later become highly concentrated eau de toilette

1953: Introduced as a bath oil in 1953, during the 60s Youth Dew was introduced as an Eau de Parfum and was
worn by Joan Crawford. Unlike the light fragrances of the 60s, Youth Dew had a strong long-lasting oriental
aroma.

1956: Diorissimo, released in 1956 by Dior, remained in demand during the 1960s. Its lilly of the valley and
jasmine top notes with an animalic base of civet remained popular for a long time, becoming a classic.
1960s: Artists began to utilize new technology to build small glass studios and create glass art. From these
small beginnings, the contemporary studio glass movement was born. During the early years, artists
rediscovered the techniques of Tiffany and Steuben which lent themselves to perfume bottles.

1960: Great discoveries are made, such as hedione, isolated from jasmine, and discovered by the Firmenich
company, which led to the creation of Dior's sublime perfume Eau Sauvage (1966).

1960: Sandalwood, added to natural sandalwood, led to the creation of Samsara.

1963: Ethyl maltol was created. It is the famous caramel note, first used in Angel by Mugler.

1966: Calone, a marine note, is used for the first time in New West Aramis.

1970: Damascones (isolated from the rose and created by the Firmenich company) were used for the first time
with brio in the creation of Nahéma et Jardins de Bagatelle by Guerlain.

1971: Yves Saint Laurent’s Opium was no stranger to scandal—in fact, his 1971 collection even carried that
name, and though it was panned at the time it was later recognized for being groundbreaking. The same could
be said of Opium, which was even banned in some countries.

1973: The creation of a much-used molecule, iso e super, synthetic material, a very sweet woody note.

1979: Banned the hunting and use of the musk deer.

1990: The creation of helvetolide, a powdered musk. As an alternate to the traditional animal counterpart

1994: CK One, a very popular perfume by Fashion brand Calvin Klein was first released.

1996: Tommy Girl by Tommy Hilfiger

1998: V/S by Versace was released. a diffusion line of Italian luxury fashion house Versace. Launced the same
year.

1999: Baby Doll by YSL is a Floral Fruity fragrance for women. It is fun and elegant fragrance with unusually fresh
and youthful gourmand charm.

2001: Coco Mademoiselle by Chanel, this perfume is the winner of award FiFi Award Best National Advertising
Campaign / TV 2008.

2003: Beyond Paradise by Estée Lauder, is a Floral fragrance for women. \"The scent transports you to a perfect
world of optimism and wonder. Unfolds on your skin with a fascinating blend of tropical wetness, zesty freshness
and bursting floralcy.

2004: Global Pop icon singer and performer Britney Spears’s first perfume “curious” is released

2004: Celebrity socialite Paris Hilton released her perfume named after herself

2005: Gaultier by Jean Paul Gaultier

2006: Black Orchid by Tom Ford, It is described as Black Orchid is opulent and classically dark; its fragrance is in
line with the best creations of the best perfume houses. A luxurious and sensual fragrance with a rich, dark trace
of black orchid and spices, it is modern and timeless. It remains to be said that Black Orchid is long lasting and
with a widespread aura.

2006: Vera wang released an Amber Floral fragrance for women named princess in the iconic heart shaped
purple bottle.

2008: Cartier Roadster – Unisex, earthy, vetiver goodness, slightly mineralic, a scent you can happily wear every
day or all night. Elegantly Cartier, but keeping it unique.
2010: Womanity by Thierry Mugler, Thierry Mugler is saluting femininity. The new edition will thrill all fans of
his creations. It is named Womanity and it arrived in stores in mid-June 2010. 

2015: Ari was launched, Ari by Global Pop artist Ariana Grande, is a Floral Fruity Gourmand fragrance for
women.

2015: Sauvage by Dior, with the name originating from the fragrance Eau Sauvage from 1966, although the two
don’t belong to the same collection. Sauvage is inspired by wild, open spaces; blue sky that covers rocky
landscapes, hot under the desert sun.

2018: FRUITY by Kenzo World an Eau de Toilett, it promises to portray excitement and allure with a fruity floral
composition that features sparkling and powdery facets, intended for a joyful and playful woman.

2019: Beau de Jour - Private Blend by Tom Ford, is a new masculine fragrance from the Private Blend line that
represents a perfectly groomed gentleman.

2019: BOSS Bottled Infinite by Hugo Boss, is a Woody Aromatic fragrance for men. It represents the Man of
Today's aspiration to reconnect with his inner self.

2021: Parfum de Cologne Boy Smells, a unisex perfume that is inspired by the spirit of genderfulness, Flor de la
Virgen takes its inspiration from the myth of Hermaphrodite

2021: Carolina Herrera Very Good Girl Eau de Parfum, the latest iteration of Good Girl has a floral, fruity touch
that matches the feisty, flirty iconic bottle. It opens with currant, matched with wild berry and lychee for a sweet
and sexy explosion.

Foreign Company

Firmenich Incorporated

is a private Swiss company in the fragrance and flavor business. It is the largest privately owned company
in the field and ranks number two worldwide (#1 Privately-Owned Perfume & Taste Company and #1 in
Perfumery and Ingredients). The company specialized in the research, creation, manufacture and sale of
perfumes, flavors and ingredients. Led by their passion for taste and smell, they have put their creativity and
innovation to work every day to enable solutions that delight the senses, designing many of the world’s best-
known perfumes and tastes enjoyed by over four billion consumers every day.

They rented premises from a certain Charles Firmenich and it was there that they started creating
groundbreaking molecules such as Dianthine® and Iralia® (still present on the market today) and attracted their
first customer, François Coty.

Firmenich has created perfumes for over 125 years and produced a number of well-known flavors.

Mission Statement

With our partners and for our customers, we deliver what matters:
  Safety First Always
 Unrivaled Quality Products
 Unmatched Innovation
 Unique Solutions

Vision & Strategy

Putting Firmenich’s world-class research and capabilities to work, we always seek to be at the forefront
of our customers’ needs and aspirations.
Being a Family business, making a positive contribution to our Communities has always been our priority.
That’s why sustainability is at the core of our strategy.
To make a bigger impact, we set ourselves pioneering goals to create value for our stakeholders today
and for generations to come.
Our creativity and science enables us to address some of the world’s greatest challenges, such as
Hygiene and Sanitation, Health and Nutrition and Climate Change.
Today, more than ever, I am proud to say that Firmenich is more than a Business.
We are a Family, with a Legacy!
-Gilbert Ghostine, CEO
Company History
Founded by Philippe Chuit &Martin Naef on November 1, 1895 the company’s first premises were in a
shed at the back of the garden belonging to Charles Firmenich. The eldest daughter, Thérèse, noticed Phillipe
Chuit and started chatting to him over the fence. Five years later they married.

 1898
o Opening of La Jonction Site, 20 employees and 30 agents
 1900
o Fred Firmenich joins the Group
 1902
o Launch of Violettone and Dianthine®
 1903
o Launch of Iralia®
 1907
o Launch of Cyclosia® Bas
 1910
o Philippe Chuit sells his shares to Fred Firmenich
 1922
o First syntheses of Nerol and Nerolidol
o First ‘Haute Couture’ creations
 1925
o Production of Exaltone®
o Number of employees: 50
 1930
o Launch of Exaltolide®
 1931
o Philippe Chuit retires
 1933
o Martin Naef retires
 1934
o The Company becomes Firmenich & Cie.
 1936
o Opening of affiliate in New York City, U.S.
 1937
o Opening of Firmenich France in Paris
 1939
o Nobel Prize in chemistry is awarded to Leopold Ruzicka
 1945
o Creation of a Flavor division
o First pension fund for employees
 1946
o Tetraromes and the first strawberry flavor
 1948
o Opening of affiliate in Mexico City, Mexico
o Opening of affiliate in London, United Kingdom
 1949
o Discovery of Ambrox®
 1951
o Acquisition of La Plaine chemical production factory
o Opening of affiliate in Toronto, Canada
 1952
o Opening of affiliate in Sao Paolo, Brazil
 1955
o Opening of affiliate in Bogota, Colombia
 1956
o Introduction of a bonus plan for all employees
 1959
o Discovery of Hedione®
 1962
o Introduction of Ambrox®
o Opening of affiliate in Quito, Ecuador
 1964
o Introduction of Furaneol®
o Opening of 15 storey building at La Jonction
o Opening of Firmenich GmbH in Cologne, Germany
 1968
o Opening of Nihon Firmenich K.K. in Japan
 1970
o Creation of a grouped industrial Social Service in Geneva
 1971
o Introduction of flexible working hours for all employees
o Launch of Muscone
 1972
o The company becomes Firmenich SA
 1973
o Fred-Henri Firmenich becomes CEO (3rd generation)
o Opening of affiliate in Buenos Aires, Argentina
 1974
o Opening of Firmenich Italy
 1975
o Launch of Rose Ketone bases Dorinia, Damascenia 185 and Cetylia®
o Opening of Firmenich, Vienna
 1976
o Inauguration of a new compounding factory in Meyrin-Satigny, Geneva
o Introduction of retirement preparation seminars
 1977
o Introduction of progressive retirement system
o Launch of Mayol®
 1979
o Launch of Damascone Alpha and Damascone Beta
 1980
o Creation of work units for the mentally or physically disabled
 1982
o Introduction of Citronova®
o Launch of Damascenone
 1985
o Introduction of Polysantol®
o Opening of Firmenich Limited in Australia, Firmenich Singapore and Firmenich Spain
 1986
o Acquisition of Chem-Fleur, Port Newark, U.S.
 1988
o Introduction of Firanova®
o Launch of Ambrox® DL, the first totally synthetic amber material
o Opening of new corporate headquarters in Meyrin-Satigny, Geneva
o Opening of new affiliate in South Africa
 1989
o Pierre-Yves Firmenich becomes CEO (3rd generation)
o Opening of new affiliate in Turkey
 1990
o Creation of a holding company, Firmenich (International) SA
 1991
o Discovery of Helvetolide®
o Firmenich signs the Business Charter for Sustainable Development
o Launch of Dynascone®
 1992
o ISO 9001 certification in Geneva
o Firmenich signs the Responsible Care Programme
o Launch of Galbanolene Super
 1993
o Expansion of our R&D Facilities - Geneva, Switzerland
o Launch of Cetalox® 
 1994
o Sites openings: Shanghai, China - Bombay, India - Selangor, Malaysia
o Manufacturing joint ventures in Indonesia and China
 1995
 o Firmenich celebrates its 100th Anniversary
o Rose-ketone plant in La Plaine - Geneva, Switzerland
o Manufacturing Joint-venture in China
o Site opening - Bangkok, Thailand
o Manufacturing plant - Landes, France
o Expansion of our Savory Portfolio: acquisition of Darryl Gunther, Johannesburg, South Africa
 1996
o New sites openings - Beijing, China - Ho Chi Minh City, Vietnam, Philippines
 1997
o Joint venture Firmenich Aromatics (India) Private Ltd, Mumbai, India
o New automated flavor plant - Geneva, Switzerland
o Opening of Georges Firmenich Flavor Technical Center - Princeton, U.S.
o New sites openings - Sri Lanka - Warsaw, Poland - Ibaraki, Japan
o Launch of Polysantol®
 1998
o Expansion of Perfumery laboratories - Geneva, Switzerland
o Plant openings - Thirsk, United Kingdom -Toluca, Mexico - Kunming, China
o Automated Perfumery compounding plant - Geneva, Switzerland
 1999
o Expansion of the R&D laboratories - Geneva, Switzerland
o Body Care research facilities - Cologne, Germany
o Perfumery Development Center for Latin America - Brazil
o Plant opening - Daman, India
o Launch of Muscenone®
 2000
o Plant opening - Port Newark, U.S.
o Site expansion - Tokyo
o Launch of Exaltenone 
 2001
o Inauguration of the Food & Flavor Expertise Center - Geneva, Switzerland
o Plant expansion - Port Newark, U.S.
o New premises - Mexico
 2002 - 2004
o Patrick Firmenich appointed CEO
o Acquisition of Bjorge Biomarin AS, Norway
o Launch of Damascone Gamma and Romascone®
 2003
o Site expansion - Geneva, Switzerland, and Singapore
o Joint venture - InnovAroma SA, Geneva, Switzerland
 2004
o Launch of Flexarome®
o New manufacturing and development center - Shanghai, China
o New premises - Mumbai, India
o New perfumery facility - Princeton, U.S.
o Introduction global HS&E Charter
o Launch of Cetalox® Laevo
o First Firmenich Community Day
 2005
 o Acquisition of Noville Inc.
o New perfumery sampling center - Indonesia
o Launch of Thermarome®
o Launch of Popscent®
o Annual turnover reaches CHF 2 billion
 2006
o Launch of Duralife® Omega3
o Launch of Dynarome®
o Introduction of Freshone®
o Opening of company crèche - Geneva, Switzerland
o Opening of new R&D center - Shanghai, China
 2007
o Firmenich signs World Safety Declaration
o Acquisition of Danisco's Flavor Division
o Launch of Neobutenone® Alpha and Coranol
o First public Sustainability Report
o Number of employees worldwide: 5,000
 2008
o Partnership with Senomy
o Opening of new Fragrance Development Center - Paris, France 
o Uganda sustainable vanilla program launched
 2009
o Creation of Jean-Marc Bruel Award for HSE
o Creation of Naturals Business Unit
o New Site opening - Dubai, U.A.E. 
 2010
o Firmenich enters partnership with Amyris
o Plant opening - Gujarat, India
 2011
o New offices - Jakarta, Indonesia
 2012
o New R&D Center - China
o Swiss Government partners with Firmenich for sustainable sourcing of vetiver in Haiti
o New premises - Jakarta, Indonesia
o Firmenich wins Campbell Award for Health and Safety
 2013
o Operation expansion - Dubai, U.A.E.
o Firmenich vanilla from Rainforest Alliance Certified™ farms
o Plant opening - Indonesia
o New offices and laboratories facilities - Mumbai, India
o Firmenich awarded Research Grant for Malodor by the Bill & Melinda Gates Foundation
 2014
o MSC certification for seafood flavors
o Joint venture with Jasmine Concrete Exports PT Ltd., Chennai, India
o Members of The World Business Council for Sustainable Development (WBCSD)Launch of
ClearwoodTM
 2015
o 120 years Anniversary
 o At COP21 (Paris) launch of 2020 environmental goals to become carbon neutral
o Co-Chair Sustainable Lifestyles Board, WBCSD
o Dupont Operational Excellence Award
o CLEARWOOD® wins first prize for innovation in Europe
o Livelihoods Fund for family farming investors
o #Naturals Together™ launch
o Patrick Firmenich Joins Fragrance Foundation Circle of Champion
 2016
o Joint venture with Essex Laboratories, leading in natural mint solutions
o Inauguration of Léman, state-of-the art Perfumery Plant, Geneva
o Launch of AMBROX®Super, second bio-based ingredient
o UN Biodiversity pledge signatory
o Presidential Award in Indonesia
o Inauguration of New Facilities in Lagos, Nigeria and San Francisco, California
 2017
o Acquisition of Agilex Fragrances
o Launch of breakthrough malodor control technologies with Bill & Melinda Gates Foundation
o Dupont Sustainability Award
o “Ethical Business” Award, Better Society Network
o Inauguration of New Facilities in Singapore; Mexico; Vienna, Austria; Barcelona, Spain and Seoul,
Korea
 2018
o Launch of EcoScent Compass™
o EDGE Certification: Workplace Gender Equality
o Launch of D-Lab at the EPFL
o Launch of “For Good, Naturally”
o 3rd White Biotech Ingredient - Z11
o Acquisition of Campus
 2019
o Firmenich joins RE100 & reaches 100% renewable power across its European & US
manufacturing sites
o Firmenich Extends Global Family-Friendly Parental Leave for Men & Women
o Diversity & Inclusion Leader with Ethical Corporation Responsible Business Award 2019
o Launch of “One Planet Business for Biodiversity” (OP2B) at the UN Climate Action Summit
o Firmenich recognized as UN Global Compact LEAD company & SDG champion
o R&D Facility in Dubai Science Park
 2020
o Inaugural Bond
o 4th White Biotech Ingredient – DreamWood
o Biotech And Naturals Pilot Plant
o DRT Acquisition
o World’s 1st AI-Created Flavor
o 125th Anniversary Celebration
 2021
o In March 2021, Firmenich, Givaudan, IFF and Symrise launched the Fragrance Science and
Advocacy Council.
Total Quality Management

 ISO 9001 – Quality Management

 ISO 14001 – Environment
 ISO 45001 – Occupational Health and Safety
 FSSC 22000 – Food and Safety Standards
Operation and services
Fragrance
Perfume development with the help of top-class perfumers or noses in the industry

RE|ENGAGE with Culture

For 125 years we have continuously re|engaged with culture, creating personal mementos, cultural icons and
industry-changing trendsetters.

Creation of fragrances of commercial/Hygiene products

Taste
Natural & Organic Flavors
Experience flavors the way nature intended
 
 Through advanced science and flavor artistry, our naturals & organic palette is second to none. We
control the end-to-end management of our palette, including our own certified-organic manufacturing facilities
to ensure the highest quality, responsible sourcing, and availability of raw materials. We excel at capturing the
exact, real and vibrant notes with minimal processing that your consumers desire from natural & organic
ingredients.

FLAVOR & PRODUCT CREATION

Our Flavorists & Chef Designers shape the future of taste and nutrition through creative combinations of
flavors that surprise and delight consumers-bringing your product the emotional impact you seek.
 Beverages
 Sweet Goods
 Savory

Production
Sourcing natural materials from ethical suppliers around the world and manufacture

Environmental Sustainability

Reaching carbon neutrality

We aim to reach carbon neutrality in our direct operations by 2025, and carbon positivity beyond that
date. By 2030, we will have achieved absolute carbon emission reduction in line with the 1.5°C Science-Based
Targets. Two of our manufacturing sites, in Singapore and South Africa, reached carbon neutrality in FY20.
Organizations can only achieve net zero by reducing emissions and implementing a combination of insetting
projects and offsetting purchases. We focus on energy efficiency, renewable energy and electricity, and share
progress and lessons learned annually in our ESG report. This section covers GRI 103-2 and GRI 103-3 related to
our management approach.

Energy
Firmenich aims to increase energy efficiency by 15% by 2025 vs. 2021 and will report progress every
year. Reducing greenhouse gas (GHG) emissions through increased energy efficiency is the most sustainable and
effective path to achieve carbon neutrality in our direct operations. For example in FY21, we started an energy
audit at our Newark, NJ facility which represents 14% of our global energy use. This section covers GRI 302-1 and
GRI 302-3 related to energy consumption and energy intensity

Conserving water
Firmenich uses the WRI’s Aqueduct Water Risk Atlas and the Water Risk Filter from the World Wildlife
Fund (WWF) to evaluate basin-related water risks and water use for all manufacturing and non-manufacturing
sites. These tools help us understand how to preserve water supplies and restore ecosystems. Ten Firmenich
sites operate in water-stressed areas and are susceptible to water risk. This section covers GRI 103-1, GRI 103-2,
GRI 103-3, GRI 303-1 and GRI 303-2 related to our management of water as a shared resource and water
discharge-related impacts

Waste management

Firmenich is developing innovative methods to implement circular solutions, such as reducing waste
during production, using by-products from other industries, and collaborating with other companies to design
circular processes. For example:

 Our R&D teams combine our circular methodology with green chemistry principles to minimize waste. In
FY21, our Geneva and Dahej manufacturing sites worked together to rapidly scale up our muguet
captive, Josenol®. This is produced via a 100% catalytic and 100% atom-economical process with solvent
recycling and a very low waste-to-product ratio of 2.4
 Our Taste & Beyond teams collect flavor volatiles directly at the source using our Naturome process,
transforming these by-products into solvent-free soluble flavor extracts
 Our fragrance portfolio will be made of 33% renewable (ISO 16128) or upcycled carbon content by 2025
 Our plastic packaging (totes and drums) is 100% recyclable, and we collaborate with suppliers and
customers to reuse

Renewable perfume
Our ability to combat climate change is directly related to addressing the impact of our products. Thus, in
addition to our corporate target to become carbon positive in our operations, our goals are to:
 Maximize the use of renewable carbon ingredients from alternative sources, namely biomass, CO2 and
recycling, to reach an average of 70% renewable or upcycled content in our fragrance portfolio by 2030
 Reduce the carbon impact of our perfumery business by 25% (by 2030 compared to 2020)

Research and development vitality

Our R&D team also seeks to optimize existing ingredients sourcing and processing for enhanced
sustainability. To strengthen our progress towards our 2030 ambitions, we are exploring the potential of
renewable building blocks, thanks in part to the recent acquisition of DRT, a French company spearheading the
development and supply of high-quality, renewable and naturally-derived ingredients. Building on this knowhow,
we are developing industrial expertise in producing pine-based ingredients from upcycled materials.

REFORESTATION
Since 2011, Firmenich has been investing in the Livelihoods Funds together with eight other companies.
The first fund, the Livelihoods Carbon Fund, leverages the carbon economy to finance sustainability projects. The
Fund’s projects aim to improve food security for rural communities and increase farmer revenues through
ecosystem restoration, agroforestry, and rural energy programs. A second Livelihoods Carbon Fund was
launched in 2018 by eight companies (including Firmenich) with the goal to invest EUR 100 million, reach 2
million beneficiaries, and sequester 12 million metric tons of CO2 over 20 years.
Employee Enrichment Program

2030 AMBITIONS
The past year has shown us that it has never been more important to support employees and young
people around the globe to thrive. We are focused on our responsibility and commitment to achieve our 2030
ambitions to invest in 500,000 hours of training globally and to create 5,000 job opportunities for youth.
PERFORMANCE
In the past year, our employees worldwide have participated in over 89,000 hours of training. We have
intentionally converted our learning programs to virtual platforms so our talents can be inspired to learn from
anywhere. We have offered learning opportunities in key strategic areas to support our employees and their
future employability: leadership, digital, collaboration tools and technical skills. Our commitment to learning has
a positive impact on hiring, retaining and developing our current workforce while ensuring the agility needed for
the future. We are inspiring and educating our workforce of the future, offering more than 400 youth job
opportunities through internships, apprenticeships, trainees and university hires over the past year.

OUR PEOPLE HAVE A VOICE

In May 2021 no less than 89% of our employees across the globe took part in our Tell Us How You Feel
engagement survey. Our overall engagement score remained unchanged compared to 2019 at 7.3, which keeps
Firmenich firmly in the ranks of the high-performance companies. The crucial indicators that demonstrate the
intrinsic beliefs of our people around agility, energy, growth, purpose, relationships and recognition, scored
extremely high at 7.9. This is a testimony to the resilience of our organization and commitment of our people
when weathering an unprecedented crisis, with COVID-19 having significantly impacted our employees and their
families. 64% of our employees are highly engaged, which even shows a 2% growth compared to 2019.

DIVERSITY AND INCLUSION

Following GRI 405-1 we disclose the percentage of individuals within the organization’s governance
bodies (Board of Directors, Executive Committee) in each of the following diversity categories: gender, age group
and other indicators of diversity where relevant (minorities, vulnerable groups). Our definition of diversity goes
beyond gender to include all contexts in which people may identify themselves as part of a minority group. These
include ethnicity, gender identity, sexual orientation, different-abilities, age, and variety in life background. Our
broad-based understanding of diversity is about embracing the power of inclusion of minority groups, securing
the engagement of all our colleagues and empowering the best of their creativity and innovation. In order to
drive diversity, inclusion and belonging everywhere in our company, we have committed to a series of 2025 goals
as part of our ESG ambitions. We aim to be a diverse company, and we foster a strong inclusive culture that
respects every employee for who they are. We know that diverse teams operating within an inclusive
environment have proven to be higher performing, more agile and faster in responding to changing consumer
needs.

LGBTI COLLEAGUES
In September 2020, Firmenich SA received the Swiss LGBTI Label for our inclusive organizational culture
for LGBTI people in Switzerland. Following a comprehensive assessment of the effectiveness of our policies,
actions and communication, Firmenich SA became one of the first four companies and institutions in French-
speaking western Switzerland to be awarded the certification.
With the Swiss LGBTI-Label, we were commended for being a role model through our open public
commitments, including by signing the United Nations LGBTI Standards of Conduct for Business in 2019, and for
our participation in the UN General Assembly panel discussion held in New York on advancing LGBTI rights. Our
policies on inclusion include the equal provision of employee benefits to different- or same-gender partners,
extended parental leave regardless of gender and explicit commitments to non-discrimination and fighting
harassment, as well as to psychological safeguards.

PARENTAL LEAVE
We have stepped away from traditional maternity leave policies to focus on gender-neutral parental
leaves for both childbirth and adoption. We recognize all models of family and the active role both fathers and
mothers play in childcare. In this section, we disclosed GRI 401-3 - parental leave and total number of employees
entitled to parental leave.

DIFFERENTLY-ABLED COLLEAGUES
Building on our long-standing commitment of welcoming people with different abilities, we aim to be an
employer of choice for people with different abilities, which is why we are committed to achieving 5%
representation by 2025. People with a different ability are among the most under-represented populations in
terms of employment and educational opportunities. We want to address this inequality by removing the
obstacles that block peoples’ progress and tackling stereotypes and bias. These efforts are aligned with our
commitment to The Valuable 500 movement, which we made in December 2019.

Mental health first aiders

In line with our ESG ambitions, we will roll out a global and comprehensive program in the next fiscal
year to build awareness and break the stigma of mental health, enhance resilience and coping capacity, and
provide access to treatment and support services. These efforts will include a Mental Health Awareness course
available to all; training for our line managers on mental health skills; and training for our HR Business Partners
and HSE experts as Mental Health First Aiders. We will also train leaders on resilience capabilities building and
the importance of self-care and role modelling.

Community
THE FIRMENICH CHARITABLE FOUNDATION
The Firmenich Charitable Foundation supports causes that align with our values, mission, and
purpose, while engaging our colleagues to get involved in initiatives.
 The Foundation focuses on supporting people with cancer, relieving hunger, improving
nutrition, enabling sustainable agriculture and environmental projects, as well as supporting the local
communities in which we operate. It was established in 2010, by Patrick Firmenich and David Shipman,
our Global Head of Compliance and Sustainability.
The Foundation operates independently of our business. It decides which causes to support,
taking into consideration their fit with our core business, our Pathways to Positive strategy and our
commitment to responsible sourcing. The Foundation supports projects in 20 countries around the
world.
Supporting cancer patients
The Foundation contributes to a number of cancer charities, focusing particularly on supporting efforts
towards breast cancer. The majority of these organizations are based in the United States. These
include: The Breast Cancer Research Foundation (BCRF), Pink Ribbon Riders, Susan G. Komen Central
and South Jersey, Look Good, Feel Better Foundation, Relay for Life, and in Switzerland, Paddle for
Cancer Support.
 Building and equipping schools
o In Haiti, where we source Vetiver, the Foundation has provided funding since 2012 for its
first milestone project, the Debouchette School. Following the earthquake there in 2010,
this funding has helped to reconstruct school buildings, install infrastructure for fresh
water, pay for school meals and enable a ‘teach the teacher’ program. The Foundation
has also provided similar support to reconstruct and re-equip the Salua Village School in
Indonesia following an earthquake in 2018.
 Empowering future generations
o In Madagascar, where we source some of the world's-best vanilla, the Foundation has
financed the creation of a Vanilla Farming Training Center to help educate and attract a
new generation into agriculture and cultivation of local crops. In Ecuador, the
Foundation has contributed to the Rainforest Fund, which protects the rights and
freedoms of indigenous people living in rainforests. The Foundation awarded a grant to
the CEIBO Alianza to accelerate its vision of building an indigenous-led movement for
clean water, cultural survival and rainforest protection in Ecuador’s northern Amazon.
 Helping people with disabilities
o In the UK, the Foundation supported the Heathrow Special Needs Centre, a community
farm where children and adults with disabilities, special needs, and those recovering
from serious illnesses, can take part in activities such as horse riding, animal care,
gardening and horticulture. Our Foundation’s contributions are supplemented with
funds raised by our colleagues through sponsored activities.
 Supporting our local communities during the global pandemic
o Responding swiftly to the global Covid-19 pandemic, the Foundation has supported
projects all over the world. In North America and across Europe, it has helped to provide
vital aid, including PPE, for front-line healthcare workers as well as food aid for
underprivileged children, disadvantaged families and the elderly. The Foundation’s
impact comes from its independence and its ability to engage colleagues in the valuable
work it does. It exemplifies the very best of Firmenich.

EXTERNAL FOCUS
Committed to Youth
 Young people are the future and we are investing in their potential. We are a board member of the
Global Apprenticeship Network (GAN), a worldwide coalition of leading companies committed to promoting
work-based learning programs that open up new opportunities for young people around the world.

As a founding member of the Global Alliance for YOUth – a movement of 21 like-minded organizations,
including Nestlé, Microsoft, and Adecco - we aim to help 15 million young people worldwide build their
employability skills by 2022.

COMMUNITY ENGAGEMENT
For decades, Firmenich has prized an inclusive relationship with all the communities where we operate
globally, including with the communities where we source. Our family culture has inspired us to care and
contribute to many causes through volunteering and philanthropic efforts. Our long-standing yearly Community
Day celebrates the commitment of our colleagues throughout the year. Everyone at Firmenich is offered a full
workday to go out and meet the stakeholders we are supporting through social and environmental projects. Our
Community Day 2020 was, of course, impacted by the COVID19 pandemic, but we found other ways to connect
with the people in our communities. Our affiliates focused on donations to support the hygiene and nutrition
needs of disadvantaged groups. From South Africa to Germany, Argentina, Brazil, France, Switzerland, Singapore,
the United States, Dubai, Indonesia and elsewhere our colleagues have offered support to local organizations
that work directly with people in need.

Awards & Recognition

Recommendation
The Firmenich Incorporated, is a corporate giant as well as a leading role model to competitors and in
the business sector, the company shall be able always to keep up and improve quality either by
company work ethic or business ethic, These are the following recommendations :

Recommendation 1: Mental health support and accessibility to employees

Action plan Department Involve Duration General Outcome

Conduct a survey among
the employees about
HR department
the mental health 1 week Gather results
support and accessibility
of the company
Set a meeting with the Find flaws of the
HR department and current system and
discuss the necessary build on the current
HR department
improvements that will 3 weeks foundation to improve
Top Management
take place and improve and promote social
the current system and awareness to mental
accessibility to all health
Connect and hire Get the information
experts and acquire needed and use as
HR department 2 weeks
their knowledge on the foundation to the final
matter changes developed
Measure and provide Financial and Able to supply the
the necessary funds and Accounting 2 weeks funds the project
resources needed Department needs to suceed

Recommendation 2: Advertise captive ingredient Dreamwood™ to a larger audience

Action plan Department Involve Duration General Outcome

Plan a huge event
available to
R&D Department
Business owners, 1 months
HR Department
Environment NGOs, and
the general public
Prepare a panel talking
about the main topic Marketing
1 months
and highlight of the Department
event Dreamwood™
Supply the monetary
Calculate necessary needs of the research
Financial Department
monetary funds and and formulate a
Accounting 1 month
material needed and budget for the
Department
cost to spend changes will be
approved
 Introduce the Ingredient
to potential and current Marketing department 1 month
consumers in the event

Sample Concept Posters

Recent progress in industrial biotechnology allows us to move on to the next level of performance. Our
fourth and latest white biotechnology ingredient Dreamwood™ is 100% natural and produced from 100%
renewable carbon. It is also readily biodegradable, ranking in the best category of biodegradability in OECD tests.

Recommendation 3: Implement a distillery in the Philippines (Elemi gum essential oil)

Action plan Department Involve Duration General Outcome

Conduct research about
ethical sourcing and how
is it practiced by other
companies and suppliers
Consult the legality and
policies from the
countries or cities
Estimate financial funds
or budget necessary to
the project
Collaborate with NGOs
and Similar minded Marketing Department
organizations with the
common initiative
Gather data,
R&D Department
knowledge and factors
Engineering 2 months
that will be used as
Department
base of information
Ensure that the
Legal department practice is complete
1 month
HR department legal and following the
law
Supply the project with
Financial Department 1 month the necessary
monetary budget
Information Services 2 months Learn from the
organizations and use
HR Department the knowledge to
adapt the current
system to the
necessary change to
 be applied or practiced
Connect with the local
farmers, Supply them HR Department
1 month
with Elemi seedlings and Local Government
Training to tappers

OLFACTIVE DESCRIPTION
Spicy, peppery, lemony.
The fresh top note has a green facet while the bottom note evokes Frankincense and
Pink peppercorn.
SFE process offers a cleaner profile, more vertical than the essential oil, with long-
lastingness.
PERFUMERY USAGE
ELEMI SFE is used to add a fresh note to woody, spicy and zesty perfumes, mainly in
masculine fragrances.
The SFE process preserves all the facets and the natural profile identity to guarantee a
high purity extract.

 The project is to implement a distillery in the island of Luzon (Philippines) to produce essential oil from
the local Elemi Gum
 The distillery will strengthen the local Elemi supply chain, operated by Firmenich local long-time
supplier/partner in gum
 The project also includes supply of Elemi trees seedlings and training to tappers
 Planned production: 30 tons of oil/year

Recommendation 4: Innovation of the platform Naturals Together™ sustainable extraction

Action plan Department Involve Duration General Outcome

 Conduct an Intensive
research about
sustainable chemistry, R&D Department
collect knowledge and
conduct experiments to
find alternative to
hazardous substances
Know what chemicals
that can be changed or
improved that can help
Engineering 3 months
sustain the companies
Department
need but lessen its
affects to nature

The experiments and

Ensure monetary and research will go on
materials are supplied to smoothly as the
Financial Department 1 months
the needs of the parties necessary support is
involve the project given to the engineers
and researchers

Consult legal boards of Ensure the correct

Legal department
chemistry and ensure standars and policies
Engineering 1 month
laws about experiments are being followed and
Department
are legal are supported

With the recent acquisition of DRT, a French company spearheading the development and
supply of high-quality, renewable and naturally-derived ingredients.
Sustainable extraction: Naturals Together™ has offered us valuable insight into sustainable
processing and how to preserve the precious properties of natural ingredients. Now a clear leader on
CO2 extraction, our Center of Expertise in Grasse will keep deploying soft, solvent-free and
breakthrough sustainable extraction technologies. The pioneering Firgood™ technology uses only the
water that is an inherent part of the biomass cells. Once warmed up by electromagnetic vibration, the
water carries the odorant components, to yield the final pure extract.
This technology is an environmentally friendly extraction method which includes the
culmination of advances in sustainable extraction. Solvent-free, dry biomasses only require water
humidification, while low energy consumption is an added benefit of the process. In addition, the waste
produced is clean and can easily be upcycled, reinforcing the sustainable value of this pure extraction

Overall Outcome

As stated earlier Firmenich SA Incorporated, Is a giant and a pioneer in the industry, The
recommendations we presented are in line with the company’s current and future goals and objectives,
through these recommendations, the company will be able to make data-driven decisions to gain more
business insights, Fiermenich shall be able to further improve and increase profitability, enhance
competitiveness in the industry, continue giving its consumers, shareholders, and investors the unique
atmosphere and quality through the passion, quality and expertise the services that the company
offers.