IFF's 2024 Do More Good Report Highlights Progress in Sustainability and Innovation
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The company continues to deliver sustainable solutions that helped customers and consumers avoid 27.3 million metric tons of CO₂e emissions in 2024.
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NEW YORK — IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health, and biosciences—has released its 2024 Do More Good Report which showcases a year of meaningful progress, transformative innovation, and commitment to people and the planet. The report highlights key accomplishments across the organization and emphasizes the impact of IFF's sustainable solutions through four core pillars, aligned with its new theme, 'The Science of Possible': Conscious Sourcing, Intentional Innovation, Partnerships of Impact, and Operating for the Future.
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'We're working to bring the best of science, creativity and heart to everything we do,' said Erik Fyrwald, IFF CEO. 'This report is more than a record of progress — it's a reflection of our commitment to making the impossible possible through sustained innovation.'
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This year's report features a variety of leading innovations that are delivering real value to customers across all the markets served by IFF. One of these is how IFF is working to transition away from fossil-based feedstocks through its family of advanced engineered biomaterials created from the enzymatic polymerization of plant sugar. Designed Enzymatic Biomaterials™ (DEB) technology is an entirely new way to make high-performing, sustainable biomaterials. It represents a breakthrough in product innovation with the potential to replace petrochemical-based products from a wide range of home and personal care markets and industrial applications, in a technically feasible and cost-effective way.
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Highlights from the 2024 Do More Good Report include:
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Innovation for impact: About 79% of new products launched in 2023–24 included a sustainability value proposition, supporting IFF's 2030 goal for all new innovations to benefit people and the planet.
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Advancing supply chain sustainability: Seventy-five natural ingredients were certified For Life by ECOCERT, supporting conservation and improving farmer livelihoods.
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Operational excellence: The company's safety performance was 40% below 2021 levels, having achieved a 5% reduction in its total recordable incident rate from the prior year. In addition, 100% of employees completed business ethics training.
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IFF's sustainability leadership continues to be recognized by top global benchmarks like Dow Jones Sustainability Index (North America), 2024 EcoVadis Platinum, CDP Climate A List, USA TODAY's America's Climate Leaders 2025, and Newsweek's America's Most Responsible Companies 2025, among many others.
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2024 Do More Good Report
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Cautionary Statement under the Private Securities Litigation Reform Act of 1995
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This press release contains 'forward-looking statements' within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words or phrases such as 'plan,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'seek,' 'see,' 'will,' 'would,' 'target,' 'potential to,' 'working to' or similar expressions, and variations or negatives of these words or phrases. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances.
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Welcome to IFF
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At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that elevate everyday products—advancing wellness, delighting the senses and enhancing the human experience. Learn more at iff.com, LinkedIn, Instagram and Facebook.
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