2012 sales: CHF 4,257 million/$4,649.2 million
Estimated market share: 20.3%
CEO, Executive Committee Member: Gilles Andrier
First Person: Gilles Andrier
“About 90% of our investments over the
next three to five years will be for the most
part in Asia Pacific.”
The company has also increased its competitiveness via
its sourcing strategy.
“Over the past years, we have continuously accelerated
our collaboration with local suppliers to ensure the
sustainable sourcing of a variety of natural raw materials,”
says Andrier. “Through long-term partnerships with suppliers
worldwide, we can better drive the quality of naturals
and reduce our exposure to market volatility and product
Andrier considers sustainability as a key aspect of
the company’s business strategy, with the sustainable
sourcing of raw materials being one important component.
“In our long-standing sourcing heritage, we have built up
communities around the products we are sourcing, investing
in partnerships and advancing the economic and social
conditions of the communities in which we operate,” he says.
These programs have already involved producers in Costa
Rica, Madagascar, Indonesia and other locales, thereby
securing stable sourcing for critical materials such as,
benzoin, tonka beans and vanilla.
“Being the largest [flavor and fragrance company], we
consume the largest amount of natural ingredients,” says
Andrier. “We take our role very seriously to source these
naturals in a responsible way and to contribute to preserving
their diversity in a world where—going forward—materials
will be under much more pressure. The world has to feed
about 9 billion people in 2050. Obviously the priority will
be growing corn and wheat, rather than roses or jasmine.
Sustainability for us also means conserving water and
Sustainability also encompasses talent management and
people development. The scale of Givaudan and its diversity
of clients, markets and geographies are “natural hedges” in a
sometimes volatile industry, says Andrier.
“The diversity of our people is a big part of the culture
of Givaudan,” he adds. “We work with a huge number
of different brands for different types of consumers and
geographies. Our perfumers, flavorists and the people
responsible for consumer understanding need to represent