IFF Strengthens Commitment to Gender Parity, Adopts UN Women’s Empowerment Principles & Pledges to Achieve EDGE Certificati...
November 06 2019 - 04:15PM
Business Wire
Regulatory News:
IFF (NYSE:IFF) (Euronext Paris:IFF) (TASE:IFF), a leading
innovator of taste, scent, and nutrition, solidified its commitment
to gender parity and women’s empowerment by emboldening internal
practices and working with global partners to complement ongoing
efforts to increase equality within its world-wide footprint.
The Company has pledged to adopt the United Nations Women’s
Empowerment Principles (“the Principles”), a set of seven tenets to
advance and empower women and provide equal treatment in the
workplace, marketplace and community. A collaboration between the
United Nations Entity for Gender Equality and the Empowerment of
Women (UN Women) and the United Nations Global Compact, the
Principles offer guidance for companies to affect change in the way
they do business.
Having recently earned certification from the Economic Dividends
for Gender Equality (EDGE) for its business in the United States,
IFF has committed to using the EDGE methodology to globally guide
and support its journey to full gender equality in the workplace.
To advance this commitment IFF will undergo a process to achieve a
full global EDGE certification in 2020. EDGE provides a third-party
evaluation that assesses gender balance, equal pay, effectiveness
of policies and practices and the inclusiveness of organizational
culture.
“From the communities where we do business to the executive
offices, IFF is working to ensure full gender parity in our
enterprise practices,” said IFF CEO and Chairman Andreas Fibig.
“Internally and externally, we understand that economic and social
equality is integral to our goal to do better for people and
planet. Our commitment to create a level playing field for our
employees and for those within our footprint is aligned with the
IFF purpose to redefine how we live in and care for the resources
of our world.”
With 38% of its global workforce composed of female employees
and a 2% pay gap in favor of women in the U.S., the Company is
consistently advancing on its commitment to provide greater
opportunities for inclusion through dedicated actions that promote
equality and parity with employees as well as through community
outreaches in conjunction with partners and peers. The Company
has:
- Formalized and launched the employee-powered diversity &
inclusion vision and mission
- Established Women@IFF employee resource groups starting in
2014, dedicated to promoting education, training and professional
development in support of women, at local sites throughout the
regions; IFF EVP and General Counsel Anne Chwat is the executive
sponsor of the program
- Partnered with other global organizations to execute Vetiver
Together, a pilot program assisting 450 small-scale vetiver farmers
in Haiti to increase food security and income diversification while
supporting women’s empowerment efforts and environmental
conservation
- Sponsored three READ India centers specifically designed to
empower women and girls by providing educational and skill
development programs in rural areas.
“This new era of IFF calls for us to challenge the expected and
create what’s next together,” continued Mr. Fibig. “Our diverse and
expansive corporate community is uncompromising when it comes to
ethically and inclusively making a difference in this world. We are
excited about our progress but impassioned about what our future
holds.”
Welcome to IFF At IFF (NYSE:IFF) (Euronext Paris:IFF)
(TASE:IFF), we’re using Uncommon Sense to create what the world
needs. As a collective of unconventional thinkers and creators, we
put science and artistry to work to create unique and unexpected
scents, tastes, experiences and ingredients for the products our
world craves. Learn more at iff.com, Twitter , Facebook, Instagram,
and LinkedIn.
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Michael DeVeau Head of Investor Relations and Communications
& Divisional CFO, Scent 212.708.7164 Michael.DeVeau@iff.com