Firmenich Achieves 100% Renewable Electricity Worldwide

PVTIME - Firmenich, the world's largest privately-owned perfume and
taste company, today announced that all its operations worldwide[1] are now
powered by 100% renewable electricity. An industry first, this significant
milestone builds on Firmenich's second consecutive CDP Triple A ranking for
Climate Change, Water and Forests, which it received at the CDP Awards Ceremony
today in Paris. The Group's transition to green power is supported by RE100, a
global initiative of the most influential companies committed to 100% renewable
power led by The Climate Group in partnership with CDP.

"I am proud that Firmenich is the first in our
industry to ensure that all our operations worldwide are powered by 100%
renewable electricity," said Gilbert Ghostine, CEO Firmenich.
"Present in more than 100 markets, with 39 plants worldwide, we are always
open to sharing best practice on how 
ambitious, science-based targets can drive real progress against climate

An RE100 member, Firmenich reached 100% renewable
electricity1 consumption ahead of schedule in all markets where it is currently
possible to locally source renewable electricity in accordance with RE100
strict technical criteria. The Group purchased renewable grid electricity and
collaborated with suppliers and governments to develop local availability of
green power, including onsite solutions such as wind power and solar energy.

"Congratulations to Firmenich – by achieving 100%
renewable electricity, they have shown that it's possible for big businesses to
deliver on ambitious targets that speed up the global transition to clean
energy," said Sam Kimmins, Head of RE100 at The Climate Group.
"Through its membership of RE100, Firmenich's climate leadership is
encouraging the few countries where renewables remain harder to access to speed
up their transition to clean energy."

"In 2015, we set an industry-leading goal to source
100% of our electricity from renewables by 2020. I am delighted that we have
achieved this milestone of 100%, on our journey to carbon neutrality,"
commented Neil McFarlane, Senior VP Quality, Health, Safety & Environment,
Firmenich. "This performance is a testament to our teams' extraordinary
commitment to addressing the climate emergency and reducing emissions
throughout our value chain."

Using 100% renewable electricity supports the Group's
science-based targets aligned with limiting global temperature rise to 1.5°C.
Firmenich is committed to reducing absolute Scope 1 and 2 CO2 emissions by 55%
and Scope 3 emissions from raw materials by 20% by 2030. Firmenich has clearly
decoupled its growth from its CO2 emissions, with manufacturing output up 18%
and emissions down by 30% since 2015.

Firmenich is one of the founding members of the
"Business Ambition for 1.5C", a broad coalition of 191 visionary
companies committed to a net-zero carbon future by no later than 2050,
including Unilever, Danone, Nestlé and L'Oréal. Learn more about Firmenich's
environmental goals and achievements in its Performance and Sustainability
Report 2019.