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dsm-firmenich Surpasses Renewable Electricity Target Early

dsm-firmenich Surpasses Renewable Electricity Target Early

dsm-firmenich Achieves 100% Renewable Electricity Target

dsm-firmenich, a leader in nutrition, health, and beauty, has made a significant leap towards sustainability by fulfilling its commitment to source 100% of its purchased electricity from renewable sources. The company reached this ambitious goal well ahead of the 2025 deadline, showcasing its proactive approach to environmental responsibility.

Milestone Achieved Ahead of Schedule

Achieving 100% renewable electricity procurement marks a crucial step in dsm-firmenich's broader objective of attaining net-zero greenhouse gas emissions by 2045. This milestone is recognized by the Science Based Targets initiative (SBTi) and demonstrates the company’s dedication to sustainable practices.

Statements from Leadership

Dimitri de Vreeze, the CEO of dsm-firmenich, emphasized the significance of this accomplishment: "Sustainability is the core of our operations. Achieving renewable electricity sourcing ahead of time illustrates the rigorous actions we are taking to transform our ambitious targets into reality. This achievement underscores the commitment of our global team and represents a vital progression toward reaching our net-zero goal for 2045."

Katharina Stenholm, the Chief Sustainability Officer, acknowledged the ongoing challenges posed by climate change. She stated: "This accomplishment reflects our collective determination and enthusiasm, yet we are aware that our journey is far from over. We are committed to continuously striving towards our long-term objectives, guided by our net-zero aspirations for 2045."

Strategic Sourcing Approach

To attain the 100% renewable electricity milestone, dsm-firmenich employed a strategic sourcing plan that aligns with RE100’s technical criteria. This global initiative unites influential businesses dedicated to utilizing 100% renewable electricity in their operations. The aforementioned strategy notably included long-term power purchase agreements with extensive wind and solar farms primarily located across Europe and North America, in addition to bolstering renewable electricity sourcing in China through various enduring contracts.

Diverse Energy Focus

Beyond just renewable electricity, dsm-firmenich is proactively expanding its energy portfolio to encompass other renewable sources, such as sustainable biomass co-generation plants in Switzerland, France, China, and Brazil, which generate renewable steam and heat. The company remains focused on optimizing waste streams and collaborating with partners to pioneer new low-carbon solutions as essential components of its greenhouse gas reduction strategy.

About dsm-firmenich

dsm-firmenich stands as a pioneer in the realms of nutrition, health, and beauty. The company engages in the innovation, manufacture, and combination of vital nutrients, flavors, and fragrances, aiming to support the growing global population in thriving. With a comprehensive array of solutions that utilize natural and renewable ingredients, dsm-firmenich combines extensive scientific expertise to ensure what is essential for life is not only desirable for consumers but also sustainable for the planet. Operating from dual headquarters in Kaiseraugst, Switzerland, and Maastricht, Netherlands, the company is publicly listed and operates in nearly 60 countries, generating over €12 billion in revenue. With a dynamic team of approximately 30,000 employees, dsm-firmenich brings progress to life daily, positively impacting billions worldwide.

Contact Information

Media Relations
Robin Roothans
Phone: +41 (0)79 280 03 96
Email: media@dsm-firmenich.com

Investor Relations
Dave Huizing
Phone: +31 (0)88 425 7306
Email: investors@dsm-firmenich.com

Frequently Asked Questions

What renewable electricity target did dsm-firmenich achieve?

dsm-firmenich achieved a target of 100% renewable electricity sourcing, surpassing the goal set for 2025.

When was the goal achieved?

The company successfully reached its goal several months ahead of the initial 2025 deadline.

What is dsm-firmenich's long-term sustainability target?

dsm-firmenich aims to achieve net-zero greenhouse gas emissions across its operations and value chain by 2045.

How does dsm-firmenich source renewable electricity?

They utilize long-term power purchase agreements with wind and solar farms, along with contracts in China to secure renewable electricity.

What other sustainable initiatives is dsm-firmenich pursuing?

The company is also investing in renewable steam and heat from biomass co-generation and optimizing waste streams.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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