Givaudan opens new innovation centre in Switzerland, focussing on new solutions
Scent and flavour giant Givaudan, the company behind many of the everyday tastes and smells we encounter, has opened a new “flagship” innovation centre in Switzerland, its home country. The company already has a number of these centres around the world – but the one in Switzerland represents a “step-change” for the company, according to flavours chief Louis D’Amico.
Givaudan’s share price has appreciated by 3% over the last five days
Source: Yahoo Finance
In a wide-ranging interview, D’Amico explained: “Our flagship Zurich innovation centre will accelerate global efforts to create differentiated and sustainable flavour, taste, and fragrance solutions for the food and beverage and consumer packaged goods industries. It’s a place where Givaudan is innovating and developing state of the art technology with a strong focus on naturals, health and wellbeing, and sustainability.”
D'Amico continued to explain that sustainability was now a major goal of Givaudan’s, and that the new facility would, apparently, reduce water and energy consumption, improving environmental and economic efficiency by “up to 45%”. He described this as a central part of the values Givaudan shares with its supply chain, calling it a “very holistic approach”.
“Sustainability is a very big topic, there is a very big need. We are applying this across Givaudan. It is in every area of our business,” he said. “We take a sustainability approach to everything we do. Through our sustainability framework, which we call ‘A Sense of Tomorrow’, we consolidate efforts in three key areas: sourcing, innovation and the environment.”
D’Amico also said that the innovation taking place in Zurich would be “more than a buzzword” and would act as a “pilot facility” creating technologies that would be replicated and applied in other centres around the world.
Dominion holds Givaudan in its Global Trends Managed Fund.
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