Givaudan Integrated Annual Report 2019

Page 72

68  Good governance  Meeting the challenges of changing regulatory landscapes

Meeting the challenges of changing regulatory landscapes The health and safety of all our stakeholders is paramount. We make every effort to ensure our products are safe for people and the environment when used as intended. We are committed to the full regulatory compliance of these products and to transparency in the use of ingredients and in product labelling. We engage with our customers to develop new technologies for healthier and more sustainable products and to help them understand changes in the regulatory environment as well as the impact these changes will have on their consumer products. We serve our customers from more than 25 locations, offering outstanding knowledge from scientists and toxicologists to experts in regulatory affairs.

Regulatory in our Flavour Division In 2019, alongside our traditional areas of activity, we continued to evolve and broaden our advocacy efforts in the new fields presented to us through acquisitions including Naturex, Centroflora Nutra, Vika and Golden Frog.

ensure the flavour industry is correctly and positively perceived by the consumer. We also believe that such perception can be achieved only through transparency, harmonised global standards and through industry efforts with customers to educate consumers in avoiding misconceptions that might negatively impact the regulatory landscape. With all these mechanisms in place we seek to provide clarity and enhance consumer confidence. Our advocacy efforts are central to this process of education and influence, and during the year we continued these efforts through the International Organization of the Flavor Industry (IOFI) and through many local and regional trade associations around the world. At association level, we are helping to increase transparency and trust in flavouring safety by making study results publicly available in peer-reviewed journals. We support and promote legislation and regulation that will enhance the industry’s ability to provide safe flavourings worldwide.

Regulatory in our Fragrance Division As part of our efforts to defend key issues for the industry, in 2019 we worked diligently to defend our raw materials where EU regulators have been considering the potential of chemicals to be endocrine disruptors. We successfully worked with customers to prepare dossiers that show our products are not endocrine disruptors, as well as defend them with the European Chemicals Agency reviews under the REACH programme.

Through the Naturex acquisition in particular, we now have a broader portfolio of natural and organic solutions including nutritional and functional ingredients. We are meeting the consequent broader advocacy needs through an expanded global and regional Regulatory team of nearly 200 people and we are now active in a total of almost 90 industry associations.

Givaudan supports the California SB 574 Bill that would require cosmetic manufacturers to disclose whether any of their cosmetic products contain certain chemicals that are on hazard lists. While the Bill was suspended until the 2020 spring legislative session Givaudan worked with NGO stakeholders and industry to achieve a commonly agreed approach that will enable responsible information to be provided to consumers.

We are working to provide transparent, clear labels for the benefit of consumers through close links with our customers. At the same time, we seek to eliminate confusion that could arise from internationally non-harmonised regulations developing quickly in some high growth markets. We believe that to maintain our social licence to operate we need to

We, along with an industry coalition spearheaded by the Household and Commercial Products Association, successfully defeated the New York Department of Environmental Conservation’s proposed guidance on transparency in detergent and cleaning products, and we now look forward to working with New York State on alternative approaches regarding

Givaudan – 2019 Integrated Annual Report


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