THE WHAT? Firmenich has announced that it has achieved living wage certification across all of its global operations, making it only the second company in the world, and the first in its industry to achieve this milestone.
THE DETAILS The group was awarded the pioneering certification three years ahead of its target completion date following rigorous external assessment by Fair Wage Network.
Having achieved its goal, the flavors and fragrances giant is now engaged in driving strong practices on living wage across the value chain in collaboration with its customers and suppliers.
THE WHY? Gilbert Ghostine, CEO, Firmenich, explains, “As a critical pillar of our inclusive capitalism model, our progressive approach aims at creating a positive impact for all our stakeholders, and our employees are key to making us thrive as a responsible business. Ensuring that people, wherever they are, earn a living wage is a critical step towards building a more equitable and inclusive workplace and society. Fair Wage Network recognizes our concrete achievements in embedding fair compensation across our Group and I am particularly pleased this is raising the standard in our industry. I hope this inspires other organizations to join our efforts.”