SupplyChain Magazine September 2017 | Page 98

Partnering with like-minded visionary companies
FIRMENICH

“ TODAY , WE LEAD THE INDUSTRY IN RENEWABLE ENERGY WITH MORE THAN 65 % OF OUR MANUFACTURING ELECTRICITY GENERATED FROM RENEWABLE SOURCES GLOBALLY .”

- Bhavesh Shah - Corporate Vice President and Chief Purchasing Officer
Acknowledging the broad societal benefits of Firmenich ’ s work , the company recently received Indonesia ’ s ‘ Primaduta ’ Presidential Award , gifted by President Joko Widodo for its Deep Roots project in Java .
“ Our vision is to have over 40 projects by 2020 , impacting 100,000 farming families in a positive way ,” explains Bhavesh . “ This means looking at improving things like agronomy , yield factors , how producers can go to market , while providing premium pricing to secure a stable and sustainable income .”

Partnering with like-minded visionary companies

To scale up its commitment to responsible sourcing , Firmenich joined the Livelihoods Fund for Family Farming ( Livelihoods 3F ) in 2015 , alongside founding investors Danone and Mars , Incorporated . Launched in February 2015 , Livelihoods 3F aims to help companies sustainably source the materials they need from smallholder farmers , while improving their productivity , incomes , and living conditions . The fund will invest 120 million euros by
98 September 2017