Iff

IFF, a US-headquartered company in the Chemicals sector, reported its latest global carbon emissions for 2024 as approximately 7.34 billion kg CO2e. This figure comprises about 740.0 million kg CO2e from Scope 1, 909.4 million kg CO2e from Scope 2 (market-based), and 5.69 billion kg CO2e from Scope 3 emissions. In comparison, their 2023 emissions were approximately 7.61 billion kg CO2e, with Scope 1 at 694.1 million kg CO2e, Scope 2 (market-based) at 824.2 million kg CO2e, and Scope 3 at 6.09 billion kg CO2e. For 2022, emissions totalled approximately 11.16 billion kg CO2e, including Scope 1 emissions of 828.2 million kg CO2e, Scope 2 (market-based) of 961.4 million kg CO2e, and Scope 3 of 9.38 billion kg CO2e.

IFF has set several climate commitments. The company aims to reduce absolute Scope 1 and Scope 2 GHG emissions by 50% by 2030, from a 2021 base year. Additionally, they are committed to reducing absolute Scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, and processing of sold products by 30% within the same timeframe. These near-term targets align with a 1.5°C trajectory, as validated by the Science Based Targets initiative (SBTi). IFF also has a long-term goal to achieve net-zero Scope 1 and 2 GHG emissions by 2040 and to be net positive across their entire value chain (Scopes 1, 2, and 3) by 2050.