Iff

IFF, a US-based chemicals company, reported a total of approximately 7.5 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions. In the prior year, 2023, total emissions were approximately 7.52 billion kg CO2e.

IFF has established several climate commitments. The company aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% below 2021 levels by 2030. Furthermore, IFF is working towards achieving net-zero GHG emissions for Scope 1 and 2 by 2040. Looking further ahead, the company has set a long-term goal to be net-positive across its entire value chain (cradle-to-gate) by 2050.

For Scope 3 emissions, IFF has a target to reduce them by 30% below 2021 levels by 2030. The primary contributors to Scope 3 emissions in 2024 were purchased goods and services (approximately 4.03 billion kg CO2e), followed by end-of-life treatment of sold products (approximately 490 million kg CO2e), and upstream transportation and distribution (approximately 382 million kg CO2e).

IFF's Scope 1 emissions in 2024 were approximately 740 million kg CO2e, while Scope 2 emissions (market-based) were approximately 909 million kg CO2e. The previous year, Scope 1 emissions were around 694 million kg CO2e and Scope 2 (market-based) were approximately 824 million kg CO2e.

IFF is a signatory to the Science Based Targets initiative (SBTi) and has near-term targets aligned with a 1.5°C pathway, including a commitment to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2021 base year. They also commit to reducing absolute Scope 3 GHG emissions by 30% within the same timeframe, focusing on specific categories such as purchased goods and services.