Responsible Manufacturer Benchmark - Symrise

By CommonShare

Symrise Inc. is a global leader in the creation of flavors, fragrances, and cosmetic ingredients, catering to the Food & Beverage, Scent & Care, and Fragrance industries. With a focus on innovation and sustainability, Symrise offers a diverse portfolio of products tailored to meet the evolving needs of customers and consumers worldwide. The company's commitment to continuous growth and profitability is evident through its ONE Symrise strategy, which aims to sustain organic sales growth above 7% and achieve an EBITDA margin above 20% in 2024. Symrise's long-term targets for 2028 further reinforce its dedication to excellence, with a focus on organic sales growth and profitability improvement.

Symrise's dedication to anticipating trends and meeting consumer demands has propelled it to the forefront of the industry, with a reputation for creating unique and high-quality products. The company's presence at events like Gulfood Manufacturing 2024 showcases its commitment to providing taste, nutrition, and health solutions tailored to regional preferences. Symrise's focus on social responsibility and sustainable practices underscores its leadership in developing resource-friendly processes and pioneering technologies. Through its circular economy initiatives and emphasis on creating a greener future, Symrise continues to set industry standards for responsible business practices.

Founded on the principles of creating value through innovation and sustainability, Symrise has established a strong global presence, with operations spanning regions worldwide. The company's diverse product offerings and customer-centric approach have garnered a loyal customer base across various industries, further solidifying its position as a trusted partner in the flavors and fragrances market. With a forward-looking approach and a commitment to excellence, Symrise is poised to continue its trajectory of growth and success, driving industry innovation and meeting the evolving needs of customers in the years to come.

Overall Rating

1.0

Under-Performing

Traceability

An increasingly important factor in global supply chains, traceability assesses the manufacturer's capability to track products and materials from origin to delivery. The Sustainable Manufacturers Benchmark® explores this through the lens of tiered supplier verification, culminating in end-to-end traceability with real-time monitoring and complete transparency.

Digitized Products

The digital landscape has transformed B2B interactions. This facet assesses the extent to which manufacturers have digitized their product offerings. The spectrum ranges from manufacturers without any online product catalog to those boasting advanced B2B e-commerce platforms, providing clients with order customization, real-time tracking, and an integrated view of the supply chain.

Preferred Materials

This aspect gauges the extent to which manufacturers incorporate sustainable, circular, and regenerative materials in their supply chain. It assesses whether companies merely use standard materials or whether they actively prioritize sustainable and preferred materials in their product range, even going so far as to offer digital verification of material certificates.

Facility Verification and Services

This dimension evaluates the openness and commitment of manufacturers regarding their facility's conditions and services. It covers a spectrum, from providing no facility details at all to showcasing comprehensive third-party audits, ensuring transparency in worker welfare and showcasing a clear commitment to maintaining top-tier facility services.

Readiness to Contract

Before entering a partnership, it's pivotal to understand a manufacturer's business legitimacy. The Sustainable Manufacturers Benchmark® checks for the presence and verification of essential documents, ranging from basic business licenses to comprehensive documentation, client testimonials, and even third-party attestations that verify a manufacturer's reliability and readiness to contract.

Symrise

United States

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How our Responsible Manufacturer Benchmark® Works?

By CommonShare

The Responsible Manufacturer Benchmark is a comprehensive framework designed to evaluate and rate manufacturers based on their commitment to sustainability, digital integration, readiness for contracting, material sourcing, and facility standards. It provides a clear, standardized metric for assessing manufacturers in a B2B environment, helping businesses make informed decisions aligned with their sustainability objectives. The benchmark covers crucial areas like end-to-end traceability, the digital verification of supply tiers, utilization of preferred materials, and verified social audits for facilities. By incorporating both depth and granularity across its criteria, the benchmark not only promotes transparency but also encourages continuous improvement in responsible manufacturing practices.